KT Chairman Hwang Chang-gyu said, “The introduction of 5G, the fifth generation of mobile network, will increase 1,000 times in transmission speed and volumes, bringing huge innovation and business opportunities.”
KT Chairman Hwang delivered a keynote speech at the Mobile World Congress 2015 being held in Barcelona, Spain on March 3 in which he noted that the success the driverless cars Google and Apple are working on hinges on the development of 5G telecom technology.
Hwang said at a session, titled “The Road to 5G,” “Driverless cars need to be capable of processing information at a speed of 1Gbs to grasp their surrounding environment, and 5G technology is required to help billions of connected cars give and receive innumerable information simultaneously.”
He got the good reception by presenting a video showcasing that a teleconference is taking place in a self-driving car, interpreting and translating services being offered in real-time and the using of hologram images.
“In the past, semiconductors have led innovation, but now next comes 5G,” he said.
He compared 5G to the semiconductor innovation. Hwang, who served as CEO of Samsung Electronics’ semiconductor business unit between 2004 and 2008, known for the so-callled “Hwang’s Law” in which he claimed a doubling of semiconductor capability every 12 months, leading to innovation of small mobile gadgets.
Hwang introduced the LTE-M technology based on the IoT KT and Nokia jointly developed. He emphasized KT’s capabilities as a 5G leader, demonstrating its intention to lead the standardization of the emerging IoT market.
“5G cannot be realized by any one company or country, so global collaboration is the most important thing,” he declared. Hwang met with leaders of China Mobile, NTT DoCoMo to discuss the joint development of the 5G technology and the exploration of services and markets at MWC 2015.
Earlier, KT Chairman Hwang introduced the so-called GiGa Island project KT built as a model designed to ease the information divide at the islet of Imja-do, Shinan, Jeollanam-do, while speaking at a Broadband Committee session of the United Nations this past Jan. 27. KT’s Giga internet network established on the islet offers remote controlled audio-visual education services and mentoring services at a speed 10 times as fast as the existing network.
KT Chairman and CEO Hwang Chang-gyu urged the telecom industry to join forces in establishing a fifth-generation standard for the next-generation mobile technology.
KT’s Gwanghwamun Era to Be Reborn into a National Co.
KT moved into a new building named KT Gwanghwamun Building East on Jan. 26. The telecommunication history that started 130 years ago in Gwanghwamun is now a place where the company is undergoing an extensive transformation to be reborn into an innovative national company that contributes for improvement of the national economy as well as for the lives of all.
KT CEO Hwang and other executives were on the 1st floor of the new KT Gwanhwamun Building East and were welcoming employees arriving for work to the new building by distributing pots of flowers. He celebrated what he called the “opening of a new Gwanhwamun era,” and emphasized on the continued effort needed in becoming a national company.
In his New Year speech, CEO Hwang emphasized that a national company can only contribute to national progress and benefit society by realizing the necessity of innovation. In his first press conference as chairman, CEO Hwang reiterated that he will continue to make “GiGAtopia,” a reality so as to enhance people’s convenience and contribute to the national economy.
The creation of GiGA Island in Imjado of Shinan archipelago, South Jeolla Province, as well as the establishment of GiGA School within the DMZ in October of last year, are examples of KT’s role as a national company. With KT’s cutting edge technologies serving