Global Information Summit 2003
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KT Chief Optimistic About Broadband At Global Info Summit In Tokyo
TOKYO (Nikkei)--At the Global Information Summit that kicked off here on Tuesday, Yong-kyung Lee, president and chief executive officer of KT, formerly Korea Telecom, said that drastic social changes brought about by the spread of broadband Internet service will help create new industries.

The conference, hosted by The Nihon Keizai Shimbun, has as its main theme "From Net To Mesh: Building the Next-Generation Business Infrastructure." Participants discussed the outlook for the telecommunications business and security problems at a time when closely intertwining global telecom networks are becoming more like a tight mesh than a loose net.

Other keynote speakers included Dong Yunting, chairman of the China Center of Information Industry Development, who said, "Although China's telecom business is rapidly growing, there is still a need for international assistance because we are underdeveloped in some areas, such as R&D."

Referring to the global Internet breakdown that occurred at the end of January, Norio Wada, president of Nippon Telegraph and Telephone Corp. (9432), said, "The Internet is a world where countless machines and lines are connected to one another. Companies, the government and users need to establish a system to ensure security through mutual cooperation."

In a debate following the presentations, four industry executives, including Shiro Tsuda, vice president of NTT DoCoMo Inc. (9437), and Guy J. Kelnhofer, president and CEO of NextNet Wireless, discussed new trends in wireless technology,.

(The Nihon Keizai Shimbun Wednesday morning edition)


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