Korea funds PH broadband, other digital transformation programs

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Korea funds PH broadband, other digital transformation programs
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South Korea has expressed support to fund projects that will usher in the Philippines’ digital transformation through infrastructure, digital economy, and developing e-skilled individuals.

South Korea renews its commitment to continuing its partnership with the Philippines in promoting digital transformation in every sector including e-skill education and training, IT infrastructure, and the digital economy.

The Embassy said South Korea is currently conducting a $550,000 feasibility study for expanding the National Broadband Infrastructure in Ilocos, Cagayan Valley, MIMAROPA, and Bicol. In May 2019, South Korea ranks first in the world for mobile download speed according to Ookla’s Speedtest Global Index with a mean download speed of 76.74 following the launch of 5G services in April of the same year.

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