Samsung to launch 1st nationwide loT Network

Samsung Electronics will partner with SK Telecom to build a LoRaWAN network for the Internet of Things that will cover all of South Korea. 
•    The two companies claim that this is the world’s first nationwide IoT network.
•    LoRaWAN stands for “long-range wide-area network,” and is specifically designed for Internet-connected, battery-operated objects. 
•    South Korea may be getting the first countrywide IoT network, but LoRaWAN has already been used to build a citywide IoT data network in Amsterdam that launched last August.
•    Samsung Electronics and SK Telecom’s IoT network will be available throughout South Korea by the middle of this year. 
•    The South Korean government has said that it plans to invest 100 billion won by 2024 in smart cars and IoT as part of a drive to promote the country’s startup industry and decrease its dependence on semiconductor manufacturing.
•    South Korea’s Internet speeds are already among the fastest in the world.