Choi Si-joong, chairman of the Korea Communications Commission announced, "We decided to invest KRW370 billion of KIF to the wireless Internet related venture companies and SMEs. Thus, next to the title 'IT strength country', Korea will soon be called the Wi-Fi juggernaut."
The IT SMEs Forum was held on March 22. Chairman Choi Si-joong attended this forum with 10 other mobile related venture companies' CEOs and said, "I visited the Mobile World Congress on February of this year and a panelist there asserted us that the wireless Internet will soon take over the wired Internet. This inspired me deeply and I found the strong urge to promote the wireless Internet development project."
He further noted, "The government will fully support the project for the development of wireless Internet." The Chairman also promised to improve the matters of technology standardization and Smartphone Payment System.
