By IQT News posted 03 Jun 2021

(BusinessKorea) U.S. President Joe Biden and South Korean President Moon Jae-in released a joint statement on May 21 and declared that the two countries would collaborate in the fields of 6G communications, open radio access network and quantum technology in particular.
When it comes to quantum technology, the National Quantum Initiative Act of the United States was enacted in 2018 for an investment of US$1.2 billion from 2019 to 2023. Meanwhile, China is excelling in quantum communication. For example, the University of Science and Technology of China recently succeeded in realizing the technology over a distance of 4,600 km. China is planning to build the world’s largest quantum research institute at an investment of 17 trillion won by next year.
“China is leading the development of quantum cryptography communication, which is capable of neutralizing existing Internet security, and this is a growing concern on the part of the United States,” said professor Kim Jae-wan at the Korea Institute for Advanced Study, adding, “Its cooperation with South Korea is to address this concern and not to repeat its mistake in the 5G industry.”

Subscribe to Our Email Newsletter

Stay up-to-date on all the latest news from the Quantum Technology industry and receive information and offers from third party vendors.

  • Forthcoming Events

    • IQT Fall | November 1-5, 2021
      Online & In-Person New York City
    • IQT, The Netherlands | February 22-23, 2022
    • IQT Spring | May 10-13, 2022
    • IQT Asia-Pacific Singapore | Dates Forthcoming
    • For additional information: info@3drholdings.com
0