Japan and Korea: Countries to watch for the next-gen technology
Published 19 April 2021
When one talks about the new era powered by artificial intelligence (AI), 5G and the Internet of Things (IoT), Japan and Korea are often heralded as the centres of innovation that would give birth to products that change the world.
Korea and Japan are both global leaders in terms of the proportion of GDP on Research and Development (R&D). The former spent $95.4 billion on R&D in 2018, according to statistics from Nature.
Their commitment to R&D, especially those on information and communication technology (ICT), continues with even greater force in 2021.
According to reports from The Korea Herald, South Korea said in Jan 2021 that it would spend 5.8 trillion won (US$5.3 billion) on science and ICT research this year as the country fosters new tech industries under its digital New Deal drive and targets going carbon neutral.
The earmarked amount is a 12 per cent rise from 2020 and focuses on basic scientific research as well as new technologies, such as AI and 6G wireless networks.
In particular, Japan and South Korea will lead the development of 5G technology, with both markets responsible for 43% of global 5G connections in 2019, according to a study by Juniper Research.
The same study showed that global 5G connections will grow to 1.5 billion by 2025, with initial growth mostly driven by fixed wireless access to replace or complement current broadband connectivity.
Starting tomorrow, W.Media is turning its sights to Northeast Asia for the second Digital Week virtual conference, with special sessions dedicated to the Korean and Japanese markets.
With strong governmental support, Korea and Japan’s next-gen technological advancement should be on every tech professional’s watch. What does it mean for data centre professionals and digital transformation evangelists? How might it shape the IT professionals’ business strategies and what are the potential threats? Tune in next tomorrow for W.Media’s panel discussion on Next-Gen Technologies: Artificial Intelligence, 5G, IoT on April 20, and additional conversations on the Japan marketing on 21 April.
Registration for Digital Week is free and we are adding content to our event platform each day, so sign up today to get the most out of your Digital Week experience!