The benefits of smart grid technology are not available to most Korean consumers yet, but they should be soon. In March, the Korean government announced it would be spending a massive $24 billion over the next 20 years to establish, maintain and build upon a fully-functioning, centralized smart grid infrastructure. As a test project, the first smart grid will be established on the island of Jeju, to the southeast of the peninsula. The 10 leading telecom and broadband firms in Korea – including SK Telecom, LG, KT – as well as automotive leaders Hyundai and Kia, are currently mapping out this network. There has not, as of yet, been a date set for the inauguration of this smart grid center.
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