South Korea plans to invest in 4G and 5G development in Ukraine

The Republic of Korea announced plans to invest in the development of digital infrastructure for 4G and 5G network capability in Ukraine. This was reported by the Press Service of the Ministry of Economic Development after the meeting of First Vice Prime Minister of Ukraine Stepan Kubiv with Korean Ambassador Li Yang Gu and representatives of the Korean Investment Corporation K-Growth.

“The volumes of mutual trade and investment in Ukraine by the Republic of Korea are not yet significant. It’s time to change this situation and develop effective cooperation, especially in the development of information infrastructure for 4G and 5G in Ukraine,” Kubiv said.

According to him, cooperation is one of the overriding priorities of the work of the government and the Ministry of Economic Development, and Korea is an acknowledged world leader in mentioned field.

Towards the end of 2016, Ukraine began working on the development of 5G communication. Local mobile operator LifeCell and manufacturing companies Ericsson and Huawei, which produce equipment for communication networks, announced the joint development of the fifth generation communication standards.

Source: uawire.org

Huawei among top Chinese investors active in Ukraine

Huawei began as a small opera­tion when it was founded in 1987 by Ren Zhengfei, a former engineer in China’s People’s Liberation Army. It has since then grown into a global multinational headquartered in Shenzhen, in China’s Guangdong Province.

At first manufacturing for industry, it gradually expanded into telecommunications and consumer electronics, releasing its first cellular phone on to the mass market in 2004. Today its products and services are available in more than 170 countries and are “used by one-third of the world’s population,” according to the company’s website.
Huawei began operating in Ukraine in 1998 and since then its business in the country has “grown year on year,” says Vitaliy Matarykin, a public relations manager.

Looking ahead, the tech manufacturer is focusing on 4G technology which will allow users greater access to data-hungry services.

“We believe that in the nearest future cloud services will boom in Ukraine,” says Matarykin. “People will have access to their information anytime and anywhere. The business-to-business market, especially in the small and medium enterprise segment, has very high potential demand in I.T. and new technology solutions in telecoms.”

Last month Huawei announced that it plans to soon open a research and development center in Ukraine. If the center does open, it will join the more than a dozen such institutions which Huawei already operates worldwide

Source: kyivpost.com