S. Korea goes for 1Gb

By the end of 2012, South Korea intends to connect every home in the country to the Internet at one gigabit per second. That would be a tenfold increase from what is already the fastest in the world and more than 200 times as fast as the average household set-up in the US.

A pilot gigabit project initiated by the government is under way, with 5,000 households in five South Korean cities wired. Each customer pays about 30,000 won a month, or less than $27.

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