South Korea to Develop 5G Network 1,000 Times Faster Than 4G

The country's Ministry of Education, Science and Technology (MEST) announced Wednesday that it would invest 1.6 trillion won ($1.5 billion) to develop 5G technology that will be 1,000 times faster than 4G LTE and quick enough to allow users to download full-length films (usually an 800-megabyte file) in one second.

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