South Korea: KT Corp. plans to develop three-dimensional mapping services for the Internet and smartphones by the year’s end. The company is expected to invest about 20 billion won (USD 16.87 million) in establishing an integrated database and software based on the GIS technologies in cooperation with 15 small- and mid-sized companies, according to Korea Herald report.
Pioneered by Google Earth, the market is increasingly crowded as Internet portals such as Naver and Daum are enhancing mapping services to meet growing user demand. Industry watchers raised concerns about excessive competition in the market.
“It is yet premature to specify the launch date of the service for ordinary customers,” said a KT official.
Source: Korea Herald