Striving to keep its IT lead, Seoul appears anxious to create a nation of gadget freaks -- In today�s South Korea, everyone from government agencies to telecommmunications carriers to equipment vendors is chanting in unison what may well be the new national mantra: �anytime, anywhere, and on any device.� The word ubiquitous has become just that. Creating a �u-Korea� is the goal in Seoul�s aggressive push to stay in the global vanguard of information and communications technology. Behind this government-led drive is a deep-seated fear that South Korea�s IT boom will slow as the country nears saturation. Already, South Korea counts 35 million mobile subscribers out of a total population of only 47 million. Broadband penetration is the highest in the world, with 12 million high-speed Internet subscribers. �Korea has entered into a mature period characterized by slow growth,� said Yong-Kyung Lee, president and CEO of telecom operator KT, in a keynote address delivered at the u-Korea Vision Conference 2005 on Wednesday. Working in close coordination with carriers and major vendors like Samsung and LG, government agencies like the Ministry of Information and Communication (MIC) and the National Computerization Agency (NCA) are pushing hard to move the ICT sector into new growth areas.
Technology is a compelling catalyst for economic growth across the globe. Artificial intelligence (AI) rides a seismic wave of transformation in the Asia-Pacific (APAC) region — a market bolstered by bold government initiatives, swelling pools of capital, and vibrant tech ambition. The latest IDC analysis sheds light on this dynamic market. Despite a contraction in deal volumes through 2024, total AI venture funding surged to an impressive $15.4 billion — a signal of the region’s resilience and the maturation of its digital-native businesses (DNBs). Asia-Pacific AI Market Development The APAC AI sector’s funding story is not just about headline numbers but also about how and where investments are shifting. Even as the number of deals slowed, the aggregate value of investments climbed, reflecting a preference among investors for fewer but larger, high-potential bets on mature or highly scalable AI enterprises. The information technology sector led the AI investment charge. Top area...