The government will invest 250 billion won through 2017 to promote the Internet of Things (IoT).
 
The government reached the decision on Monday during the sixth meeting of the strategic committee on information and communication that was chaired by Prime Minister Hwang Kyo-ahn.
 
The government plans to inject 130 billion won into six strategic areas, including health and medicine, energy and automobiles, over two years starting from 2016 to develop IoT prototypes.
 
Starting in 2017, the government also plans to devise steps to install wireless charging stations at public facilities, such as libraries.
 
Also during the meeting, the government decided to commercialize fifth-generation wireless systems for the first time in the world and build a ten Gigabit-per-second, fixed-line Internet network that would be more than 100 times faster than existing networks.