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Korea's IT firms rushing to Vietnam
Posted: 09-Jul-2003 [Source: The Korea Herald]

[SLD Telecom, which has Korean firms as key shareholders, launched Vietnam's first-ever CDMA mobile service last week branded "S-Fone." ]

"Korea's IT companies are rushing to Vietnam with advanced broadband and CDMA technologies, in an effort to expand their positions in the Southeast Asian region where the high-tech industry has potential for strong growth.

The move by Korean firms, in fact, may not come as a surprise. Korea is at the forefront of high-speed Internet and mobile services on the strength of a number of related solutions developers and solid user pools.

Some observers in Seoul billed the far-looking move by Korean firms as another "Korea Wave," named after the ongoing frenzy over Korean pop culture that is sweeping across East Asia.

But it will take some time before Korean firms lay a firm foundation in Vietnam, where regulators are vigorously protecting the local telecommunications market, which is understandable in consideration of the country's fledgling infrastructure."

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