The largest mobile operator in the South Korea, SK Telecom plans to invest 100 billion won (US$83.7 million) to build a nationwide Low-Power Wide Area Network(LPWAN) by the end of this year, reported Yonhapnews.
The LPWAN wireless network technology is used for interconnecting devices with low-bandwidth focusing on long range, primarily supporting M2M communications.
As part of its IoT strategy, SK also plans to develop IoT-dedicated modules and upgrade its IoT platform ThingPlug.
The project which is expected to take two years to complete will see the operator raising funds from a number of sources, it said. The Operator added that is will also hunt for prominent IoT-related ventures to establish ties to develop various services and products in this space.