Korea and Ericsson Target 4G-based Green Eco-system
Ericsson and the Republic of Korea have initiated a collaboration aiming to use mobile broadband and other communication technologies, such as machine to machine (m2m), to create a green eco-system.
Korea, one of the world's most advanced ICT nations, and Ericsson, a leader in telecommunications, have identified mobile broadband and IT technologies as key enablers to create a green eco-system that will result in a more sustainable society and therefore have decided to join forces.
Korea will build an eco-system targeting a more sustainable future. As part of this eco-system, Ericsson, together with leading Korean companies, will establish a community for the development of sustainable climate solutions based on 4G technologies and, given mutual success, will further expand its presence in the market.
Lee Myung-Bak, President of Korea, said, "Ericsson could play a vital role in Korea's evolution in the ICT market and for Korean export companies. We are certain that by developments in the ICT area we will take the necessary steps to a more sustainable future. We expect to see more of Ericsson in the Korean business landscape."
Hans Vestberg, Ericsson's CFO and incoming CEO, highlighted that society faces a huge challenge to drastically reduce CO2 emissions by 2050, while the world economy as much as triples. "Telecommunications and IT technology will play a vital role in transforming cities and countries through smarter broadband solutions. As one of the world's most advanced nations in the use of ICT, Korea has the opportunity to create a green eco-system and become a great example for the rest of the world."