Last year the Korean Ministry of Science and ICT announced their vision of “From Digital to Quantum by 2035”. The targets are to be in the top four Quantum Technology countries by 2030, to promote innovation across industries and strengthen national security and to develop ICT infra and semiconductor capabilities.
The Republic of Korean government is investing heavily in the key technologies like as quantum processors and algorithms, error correction and applications. Focus is also on cultivating key personnel and establishing an ecosystem of cooperation both in Korea and abroad.
The Republic of Korea has been in the forefront of mobile communications a long time; it was the first country to reach 100% coverage on LTE and the first country to launch commercial 5G networks. In 2020 Korean prime minister announced USD 170 million in investments for Beyond 5G/6G research and development for the five years, from 2021 to 2026. The vision is pursuing an ambitious plan to be the first country to launch 6G networks. The plan laid out by the Ministry of Science and ICT (MSIT) expects efforts in several fields across research, development, standardization and deployment.
This year the new government promised the launch of 6G networks by 2026 and commercialization between 2028 and 2030. The market focus will be in automotive, biotech, and healthcare technologies. Already the major Korean companies including Samsung and LG have been working on 6G for two years while in academia ETRI has been selected to lead the development of core technologies.
In New Space Economy the Republic of Korea plans to develop 6 mini and 64 medium sized satellites, 7 multi-purpose satellites and 19 geostationary satellites by 2040. Korean companies are also interested in satellite/6G internet and inter-satellite communication technologies and are looking for international partners.
The Team Finland network is organizing a Business Delegation visit to Seoul on 29–31 January, 2023. Participating in the Team Finland visit will give a unique opportunity to meet relevant Korean companies and officials. The visit is led by Mr. Timo Harakka, Minister of Transport and Communications.
The visit is directed for Finnish companies already present in the Republic of Korea, those actively pursuing Korea as a strategic market or a partner, and those representing Finnish flagship solutions and technologies in Beyond 5G/6G collaboration, Quantum computing and New Space Economy.
To cover the expenses of arranging the business delegation program, Business Finland will charge a participation fee.
Business Finland will invoice the participation fee after the visit based on the actual costs. The invoiced fee will not exceed the amounts mentioned above. Kindly note that the participation fee does not include flights or accommodation of the delegate nor meals outside the delegation program.
We are closely following the Covid-19 travel restrictions and upcoming changes related to them. The business delegation may be postponed if restrictions are tightened in the Republic of Korea.