The EU and South Korea are working together to develop 5G technology

South Korea and the European Union will work together to develop 5G wireless network technologies and to reach global consensus on standards. The two sides agreed on the need for a harmonized radio spectrum policy for ensuring global interoperability of 5G networks, as well as global technical standards, the European Commission and the South Korean government said Monday. The EU and South Korea will collaborate with the Third Generation Partnership Project, a group of telecommunications standards organizations, and with the International Telecommunication Union, which sets global policies for spectrum use. By forming a joint research and development group, the EU and South Korea plan to cooperate on developing ICT services for the cloud and the Internet of Things, among other areas.