I saw a copy of the Korea Times this morning while strolling through our third floor offices and could not avoid noticing the frontpage article with the headline “WiBro Turns into White Elephant.” Although this makes for a good headline, after reading the article I think the analysis is way off the mark. Most of the argument seems to be based on the fact that projections for WiBro in the local Korean market, including some by the Korea Information Society Development Institute, were overly optimistic. Furthermore, the reporter notes that in a country with one of the most advanced wireless networks in the world WiBro looks like a “solution without a problem.” I beg to differ.
Consider the following:
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