Korea Leaps on Cloud Computing Bandwagon – Will spend $172 million

Korea Leaps on Cloud Computing Bandwagon

The government will spend around 200 billion won (about $172 million) next year for a number of ambitious Web-based computing projects to help the technology industry create more demand for their nascent cloud services, officials said Tuesday.

Cloud computing, the latest buzzwords in the technology sector, describes a new era of Internet usage when information and software are delivered over the Web, rather than a desktop computer.

Most activities and data will be stored online and accessed from a wider range of devices, including computers and mobile Internet gadgets, and the changes will allow companies to deliver information technology (IT) power in more efficient and cost-effective ways, Seoul policymakers say.

The world’s major Internet and technology companies, including Google, Microsoft, Apple and Amazon, are aggressive in pushing their own version of cloud computing services.

The Korean technology community seems to have the fever too with companies like Samsung SDS and LG CNS eager to get out of the gate early.

Cloud computing solutions are also a critical part of the Korean government’s green tech initiatives that focus on low-power devices for personal computers, televisions, displays and servers. Getting particular attention are low-power mobile Internet devices, light-emitting diode (LED) backlighting technology, solid-state drives (SSDs), and electric and hybrid vehicles.

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