Chairman Hwang Chang-Gyu of KT Corporation called on the world to promote prosperity through 5G's connectivity, at the World Knowledge Forum (WKF) 2019, held last week in Seoul under the theme of "5G, Innovation for Prosperity."
In his speech at the "5G, The Future of Technology Innovation: Revolution for Prosperity" session, Chairman Hwang said 5G's connectivity will ensure that the fruits of the Fourth Industrial Revolution benefit all industries and individuals. It was his first speech at the WKF in 15 years. His speech to the 2004 forum was as CEO of Samsung Electronics Co.
Hwang emphasized that data-based artificial intelligence (AI) is needed to optimize the potential of next-generation mobile communication technology to bring enormous change. To this end, he encouraged flexible approaches and openness from individuals, corporations and governments as well as international organizations.
"Individuals should have a flexible attitude to agree to the use of their personal information for public purposes only," he said at the WKF 2019 held September 25-27. "I also urge corporations to be more open toward the use of corporate data through open innovation, governments to ease regulations on the usage of 5G, and international organizations to provide guidelines for proper use of data."
Hwang, invited as "Mr. 5G" at the WKF, also elaborated on KT's effort to introduce the world's first 5G commercial services. In 2015, he declared KT's 5G vision at the Mobile World Congress, the largest world fair of the mobile industry. He outlined a new industrial revolution powered by next-generation technology.
5G thus emerged as a global issue in telecommunications business and advanced discussions on its worldwide standardization. The global standardization of 5G was accomplished 21 months faster than that of 4G, known as long-term evolution (LTE).
In February 2018, KT showcased the world's first 5G trial services at the PyeongChang Winter Olympics, thereby consolidating its leadership role in the latest mobile communication technology. It went on to call for greater interest in 5G in the global community at a series of international events, including the UN Global Compact, the World Economic Forum and the G20 Summit.
In his speech at the Seoul forum on September 25, Hwang also explained KT's passion for 5G stemmed from its conviction that the next-generation technology is the key to resolving economic uncertainty as well as various social problems. He declared that it will provide the core infrastructure for prosperity of mankind.
He presented the cases of KT's success in realizing the potential of 5G technology, such as smart factories and shipyards, showing videos introducing 5G-based integrated management of outdoor storage yards, improving staff safety and resolving problems from shortages of skilled workers. In video interviews, an executive of Hyundai Heavy Industries and the CEO of a small company acknowledged the positive influence of 5G they have experienced in upgrading their industrial competitiveness.
KT's "5G Remote Cockpit" is expected to be a life saver in emergencies, Hwang went on. If necessary, Remote Cockpit can move a vehicle to a safer space as well as call for an ambulance in the "golden hour" when survival chances are highest immediately after an accident.
Hwang introduced KT's "5G Safety Platform," which is designed to help reduce damage from typhoons and earthquakes and other natural disasters, all of which cost an estimated US$210 billion (approximately 250 trillion won) worldwide annually. He also introduced KT's SKYSHIP, an airborne platform for disaster safety and management.
Environmental problems can also be resolved through 5G and other ICT technologies, Hwang continued. For representative examples, he presented KT's "Air Map Platform," designed to cope with fine dust based on 5G and IoT, and "Global Epidemic Prevention Platform" (GEPP). He drew keen attention by recommending KT's "Livestock Epidemic Prevention Platform" to the UN Food and Agriculture Organization.
GEPP has already proven to be highly effective in handling epidemics. KT developed a smart quarantine system in cooperation with the Korea Centers for Disease Control and Prevention when an outbreak of Middle East Respiratory Syndrome (MERS) struck South Korea in 2015. Some 16,600 individuals were isolated, 186 were diagnosed of the disease, and 38 lost their lives. When the disease erupted in 2018, however, one individual was diagnosed with the disease and cured.
ABOUT KT CORP. (KRX: 030200;NYSE: KT)
KT Corporation, Korea's largest telecommunications service provider, reestablished in 1981 under the Telecommunications Business Act, is leading the era of innovations in the world's most connected country. The company is leading the 4th industrial revolution with high speed wire/wireless network and new ICT technology. KT launched the world's first nationwide commercial 5G network on April 3, 2019, after successfully showcasing the world's first trial 5G services at the PyeongChang Winter Olympic Games in February 2018. This is another milestone in KT's continuous efforts to deliver essential products and services as it aspires to be the number one ICT Company and People's Company.
For more information, please visit our English website at https://corp.kt.com/eng/
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ZTE Corporation a leading provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, announced that it has secured 25 5G commercial contracts globally and has been already committed to partnerships in the 5G arena with over 60 operators across the globe.
With innovation as the driving force, ZTE has made 5G its core development strategy. ZTE is a major contributor and participant in global 5G technology research and standardization. According to IPlytics, a market intelligence tool to analyze technology trends, market developments and a company's competitive position, as of June 15, ZTE had declared 1,424 families of 5G Standard-Essential Patents (SEP) and patent applications to the European Telecommunications Standards Institute (ETSI), ranking global top 3 in terms of the number of such families.
ZTE has filed more than 3,500 5G patent applications, with over 30 experts at the company taking key positions, such as president and reporter, in international standardization organizations. They have submitted more than 45,000 papers to the organizations, including more than 7,000 proposals for 5G NR/NexGenCore international standards.
ZTE, with its comprehensive 5G end-to-end products and solution capabilities as well as rich experience in network construction, is fully engaged in the rollout of commercial 5G networks. The company continues to maintain a leading edge in technology, and collaborates with upstream and downstream partners across the industry to promote the commercial deployment of 5G.
In terms of wireless access, ZTE's full series of 5G AAU commercial products have achieved full-spectrum coverage and application in all 5G scenarios, enabling the fast construction of 5G networks through 5G NSA&SA dual-mode base stations, multi-mode UBR base stations, spectrum sharing, UniSite solutions and other simplified access-layer hardware equipment. Its IT BBU platform with an ultra-large capacity provides support for Multi-Mode network convergence and evolution with minimal connectivity.
As for core networks, the commercial 5G Common Core first launched by ZTE supports unified 2G/3G/4G/5G/fixed full convergence and full access, as well as 3GPP R15 SA and NSA, cutting investment cost by 40% for operators.
In the aspect of 5G transport network, ZTE's 5G Flexhaul end-to-end products are ready for commercial use, with large-scale deployment having begun. The performance in terms of ultra-low latency is far ahead of the competition, while the technical specs for ultra-high precision clock synchronization are fully compliant with 3GPP, approaching the definition for a network with "perfect synchronization". The multi-dimensional shaping technology and the next-generation FEC can increase the transmission distance of over 100G by 30%, significantly reducing the difficulty of deploying over 100G networks as well as the upgrade cost.
In the field of terminals, ZTE has collaborated with more than 20 operators around the world in the development of 5G terminals. ZTE's 5G terminal solutions include 5G smart phones, 5G outdoor routers, 5G indoor routers, 5G mobile hotspots, 5G data terminals and 5G modules, among other serialized and polymorphic 5G terminal products. ZTE also provides various industries with customized 5G modular solutions. ZTE unveiled its first flagship 5G mobile phone, Axon 10 Pro, at the Mobile World Congress in Barcelona, Spain, in February 2019, taking the lead in commercializing 5G mobile phones. In the first half of 2019, ZTE Axon 10 Pro in 5G edition was released successively in China, Germany, the United Arab Emirates, Finland, Austria, etc., with sales of the device having formally begun in Finland and the United Arab Emirates.
ZTE helps operators build an ideal 5G network based on a tripartite philosophy of "Greatness Lies in Simplicity", "Swiftness Is Invincible", and "Act Dynamically", while, in the process of network construction, taking into account the four operations of arithmetic: addition, subtraction, multiplication and division:
Subtraction refers to "Greatness Lies in Simplicity" by building a minimalist network, unifying the network control layer, streamlining the hardware equipment for the access layer, and achieving shared hardware capabilities.
Addition means to increase the "intelligence quotient" or "IQ" of the network to make it more intelligent and enhance the competitiveness of network equipment.
Division pertains to subdividing the scenario and using slicing technology to segment the physical network into several virtual mobile networks that serve N vertical customers at the same time. The method allows for network reuse and reduces the cost of building, operating and maintaining the network, while also slashing the cost associated with application trial and error, while improving online speed.
Multiplication means cross-border in many senses of the word, referring chiefly to the 5G network being "multiplied" across many verticals, delivering 5G control, 5G UAV, AR/VR and other abilities, using technology aggregation as a means to holistically bring entire industries together, while converting an industry's assets into a value-add for its IT and communications networks, and, in doing so, unleashing a revolution that changes the business model for each and every industry vertical.
Given the strong demand for 5G applications and the change in the models of how businesses will collaborate in the world of 5G, ZTE and its partners jointly carried out a large number of exploratory projects in 5G industry applications, promoted cross-industry integration and development, advocated for the implementation of intelligent ports, intelligent industry, intelligent security and other industry applications, in a move to build a healthy and complete industrial ecosystem together.
To date, ZTE has teamed up with operators and partners to build models for vertical industry application of 5G+ in more than 15 verticals, and established strategic cooperation with nearly 200 partners within the ecosystem to promote the digital transformation of the industry.
ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies and public sector customers. As part of ZTE's M-ICT strategy, the company is committed to provide customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and information technology sectors converge. Listed in the stock exchanges of Hong Kong and Shenzhen (H share stock code: 0763.HK / A share stock code: 000063.SZ), ZTE's products and services are sold to over 500 operators in more than 160 countries. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in international standard-setting organizations. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact.
For more information, please visit www.zte.com.cn
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- Greensill research shows magnitude of funds needed by end of 2020
- $1tn for telecoms infrastructure plus $1.7tn for "Internet of Things"
- Alternative finance needed to meet funding requirements
The real cost of rolling out and implementing 5G telecoms technology across all sectors of the economies worldwide is expected to reach at least $2.7 trillion by the end of 2020, this is according to research by Greensill, the provider of working capital finance.
The telecoms sector requires an estimated $1 trillion of investment for infrastructure upgrades to accommodate 5G, a number widely accepted across the industry. Greensill's research shows, however, that the implementation of 5G across the global economy will cost far more – as much as $1.7 trillion more by the end of 2020 alone - as companies rush to assimilate the new technology into everyday products, industrials processes and infrastructure – otherwise known as "The Internet of Things."
Tony Wonfor, Greensill managing director and telecoms finance specialist says: "Spending on 5G roll out is just the thin end of the wedge. This project is actually about funding the growth of the Internet of Things and industrial connection to that." "In the automotive industry, for instance, 5G will be important for tracking components through the supply chain and in to the manufacturing process, then right through to an end product that has connectivity beyond anything we have seen so far," Wonfor adds.
Many companies are facing significant challenges in meeting these huge funding requirements as traditional banks alone cannot provide all the necessary funding. Greensill is filling the funding gap with innovations such as Supply Chain Finance, Accounts Receivable Finance and other working capital solutions.
Lex Greensill, Greensill founder and CEO, says: "Greensill counts many of the world's leading telecoms and industrial companies as clients primarily because of our success in innovating financial solutions across this space. We see our products such as handset financing and other working capital solutions as crucial to the successful roll out of 5G globally."
Greensill is the world's leading non-bank provider of working capital finance to companies globally. Founded in 2011 by Lex Greensill, the company provides businesses with alternative sources of funding, allowing them to provide suppliers with the opportunity for faster payment while at the same time preserving their own capital position.