South Korea falls among very few countries in the world to start offering commercial 5G services; main reason being a considerably strong demand for the latest gadgets and aggressive promotion strategy.
For those who are unaware, South Korea was the first country in the world to launch full-fledged 5G commercial services on April 5, even before China.
In June this year, we came to know that 5G users in the land of Samsung crossed one million mark. Surprisingly, within next two months the number gets doubled crossing the two million landmark. Meanwhile, it is expected to have 4-5 million 5G users by the end of this year.
According to the statistics shared by a renowned South Korean publication – TechWeb, there are 2.01 million 5G users in the country from three major telecom operations. Among them, SK Telecom has 840,000 5G subscribers, accounting for more than 40 percent of market share. KT and LG Uplus have 630,000 and 540,000 subscribers respectively.
Although the trend of super-flash internet gets overwhelming response by Korean people but they still fall just below 5 percent of the overall mobile communication users in the country. However, with the improvement of infrastructures and the increase of 5G smartphones, the market is set to increase substantially.
Although, the 5G connectivity provide super-fast connection speeds, low latency and the ability to connect many more devices without the network being bogged down but there are still some issues over the coverage and the speed of this next-generation wireless communication system.
On the other hand, the minimum cost or the starting price of the 5G tariff in South Korea is 55,000 Won (CNY 325 or $48) for the three network operations — SK Telecom, KT, and LG Uplus.