Korea Poised to be a Leader in Smart Grid Technology

The industry press is noting a new report by Pike Research on Korea's smart grid plans.  These were the subject of earlier posts last year.  The new report suggests that Korea's efforts will result in investments totalling $15.8 billion within South Korea itself between 2009 and 2016.  Noting that Korean companies have been at the forefront of innovation in ICT, an industry expert suggests they are now posed to take a significant leadership role in the smart grid market, both within Korea and on a global level.  This will be one of the interesting areas of industry convergence to watch, since a smart grid essentially involves convergence of ICT with the electric power industry and also because smart grids are considered a green technology.