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Korea Designates RFID High-Tech Growth Engine

The South Korean government has set its sights on radio frequency identification as the driver of high tech growth.
Dec 16, 2004This article was originally published by RFID Update.

December 16, 2004—The South Korean government has set its sights on radio frequency identification as the driver of high tech growth. The Commerce-Industry-Energy Minster noted at a committee meeting today the explosive anticipated growth of RFID through 2010. By cooperating with the private sector, the government hopes to innovate, participate in international standards-setting, and explore new opportunities and applications for RFID. The realization of these ambitions will prove no small task, however. While South Korea is one of Asia's most technologically advanced countries, the nascent RFID industry generally lags far behind its counterparts in the U.S. and Europe. Indeed, many of the Korean start-ups focusing on RFID actually import solutions from abroad; domestic RFID products and services development still has a ways to go.

Read the article at The Korea Times
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