South Korean Government To Invest $300 Billion Into DronesDecember 27, 2017
The drone industry is growing at a rapid rate and every country is trying to make their mark — including Korea.
The Ministry of Land, Infrastructure and Transport in South Korea have announced they will be investing $300 billion dollars into their 10-year plan which includes commercializing 53,000 drones and promoting both the commercial and business use of UAVs. They have also promised to make revisions regarding regulations for long-distance flying and small toy drones.
The government wants to develop a drone management system that will support air traffic management, remote controlled flights, and drone registrations.
According to Pulse, a Korean news source, “They plan to develop an automated air traffic controlling system for drones that will be backed by fifth-generation (5G) network-based cloud computing technology, big data, and other latest technologies and aim to sell the system to overseas markets.”
South Korea hopes to be one of the world’s top five UAV leaders by 2026.