South Korea getting 10 Gigabit per second internet and targets 50% 10 Gbps coverage by 2022

South Korea is starting to commercialize 10-gigabit (Gb) transfer speeds for its online network systems, which is 10 times faster than Giga Internet, the fastest broadband service currently available, the ICT ministry said Sunday.

The Ministry of Science and ICT said it will work closely with local IT firms to adopt 10 Gb service, considered the core technology behind fifth-generation wireless technology as well as virtual reality and augmented reality.

The ministry plans to form a consortium to develop basic equipment and prepare networks for the rapid commercialization of the futuristic information superhighway.

“The ministry hopes to achieve competitiveness in the ICT industry by successfully commercializing 10 Gb Internet through close cooperation between the private and public sectors,” an ICT ministry official said.

Asia’s fourth-largest economy and one of the most connected countries in the world is aiming for 50-percent coverage of 10 Gb Internet by 2022.

In early 2017, over 200 million people in the world had gigabit internet.

Viavi Solutions announced that 219 million people globally now have gigabit internet available to them, equating to roughly 3 percent of the global population.

The United States has the highest number of people with access to gigabit internet (56.4 million) with a population coverage of 17 percent.

Singapore currently has the highest proportion of citizens with gigabit internet availability at 95 percent.

South Korea has the second highest number of citizens with gigabit internet availability (46.7 million), representing 93 percent of its population.