Cisco plans Korean research center, ubiquitous city network
2009/04/16 10:19Cisco CEO John Chambers recently visited Korea to announce some new investments totalling $2 billion dollars over the next five years. The investments will include a new research and development center, venture capital fund and ubiquitous city network in Songdo:
Wim Elfrink, Chief Globalisation Officer and EVP, Cisco Services on the "Intelligent Urbanisation" initiative:Cisco’s primary investments will go to giving Incheon a “ubiquitous” citywide network, as part of the company’s Connected Urban Development program to improve quality of life and the environment using IT. Cisco in February signed an agreement with Incheon to erect a “U-City Global Center” in Songdo that will run an Internet-powered lifestyle network, offering citizens instant access to traffic information, telecommunications, education and medical services.
Cisco: Cisco and Incheon Metropolitan City to Open New Chapter in Globalisation (February 12, 2009)
Futurize Korea: Seoul joins Cisco's green technology initiative (February 27, 2008)
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