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America's Broadband Dream Is Alive in Korea

05 May 2003   

 

America's Broadband Dream Is Alive in Korea

Spending on broadband and other high-technology gear helped lead a transformation of the economy, pushing the overall information technology sector to about 13 percent of economic activity and making South Korea much less dependent on heavy industry.

Once a novelty, home shopping now makes up 8.7 percent of all retail sales, a rate that is expected nearly to double by 2005.

In 2001, SBSi, the interactive division of the Seoul Broadcasting System, started charging 500 South Korean won (about 40 cents) a show to watch soap operas and other streaming video programs. The service has attracted 1.8 million registered users; 4,000 more sign up every day.

57% Korea, 50% Canada, 22% US and we're right down the bottom with UK 11% BBi into homes. Plus, their average connection is 2meg and the pro's 32meg.

The digital nirvana we're all thinking about is some way off.


978 Also posted to: Home page , cyberSaps . At: 1:26:10 AM  . .
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