ID :
37488
Fri, 12/26/2008 - 10:50
Auther :
Shortlink :
http://m.oananews.org//node/37488
The shortlink copeid
Gov't to spend 6.88 tln won on telecommunications in 2009
SEOUL, Dec. 26 (Yonhap) -- The government said Friday it plans to spend 6.88 trillion won (US$5.36 billion) next year to help companies develop next-generation telecommunications services and buy new equipment.
In a policy report to President Lee Myung-bak, the Korea Communications
Commission (KCC), which regulates the nation's telecommunications industry, said
it will frontload more than half of its budget in the first-half of next year to
help spur growth in the telecom sector.
In a statement, the KCC said it will spend 56 percent of the budget in the
January-June period next year. This year, the government allocated 6.64 trillion
won for the telecom sector.
South Korea is one of the world's most wired countries with nearly nine out of 10
people having a mobile phone and more than two-thirds of homes connected with
high-speed Internet.
In a policy report to President Lee Myung-bak, the Korea Communications
Commission (KCC), which regulates the nation's telecommunications industry, said
it will frontload more than half of its budget in the first-half of next year to
help spur growth in the telecom sector.
In a statement, the KCC said it will spend 56 percent of the budget in the
January-June period next year. This year, the government allocated 6.64 trillion
won for the telecom sector.
South Korea is one of the world's most wired countries with nearly nine out of 10
people having a mobile phone and more than two-thirds of homes connected with
high-speed Internet.
