Compared to more traditional
industries, the mobile industry
has a rather short history, spanning
less than forty years. But
despite being a relatively newer sector, it’s
no doubt the most revolutionary. As such,
the South Korean government, along with
KOTRA, is doing their part to continue to
accelerate this revolution, especially as the
world is preparing to usher in the much
talked-about Industrial revolution.
Global Mobile Vision (GMV) 2017 is just one of the ways that KOTRA is sparking discussion on the latest technological trends taking place in the mobile and ICT industry. Held from September 13 to 15, this year’s GMV took place at KINTEX in the South Korean city of Goyang. Under the theme ‘Mobile meets intelligence,’ the event took a closer look at what the private and public sectors are doing to respond to the Fourth Industrial Revolution.
Now in its 10th year, GMV 2017 was comprised of various programs, including an exhibition, one-on-one meetings, MOU signings and seminars for Korean companies seeking to enter the overseas market. A total of eight MOUs worth USD 2 million were signed between Korean and foreign companies specializing in IT, artificial intelligence and virtual reality. Participants also had a chance to learn more about Korea’s latest 5G technological trends at the GMV Conference, which invited experts from some of the world’s leading
experts from some of the world’s leading
telecommunications companies, including KT Corporation, Qualcomm, Naver, Ericsson-LG and Sabre, among others.
According to experts at the conference, if 4G technology was about connecting people faster, 5G goes well beyond that. “Only 5G technology can accelerate the Fourth Industrial Revolution,” said Won Yeol Lee, director of KT Corporation, South Korea’s largest telephone company. “In 2018, Korea will launch its 5G service at the PyeongChang Winter Olympics, which is the perfect opportunity to showcase Korea’s innovative technologies to the international community.”
But 5G won’t just change how we interact with technology; it’s also going to change the landscape of the entire world economy. “In 2035, the global 5G value chain will generate USD 3.5 trillion in gross output and 22 million jobs—that’s more than number of people living in Beijing,” said an official at Qualcomm. “From 2020 to 2035, 5G will also boost real global GDP growth by USD 3 trillion and more specifically,it will enable USD 2.4
in economic output across the broader
“The global demand for smart factories, AI and IoT continues to increase by the day,” said Kim Dooyoung, vice president of KOTRA’s strategic business division. Kim added that KOTRA will continue to work closely with promising Korean ICT companies and match them with overseas business partners to further advance the mobile industry.