The South Korean government will invest a whopping $800 million into RFID research and development, having identified the technology as a very promising growth center for the country over the next decade.
- The handset business is very big but RFID will be as important.
- Korea is trying to procure a number of goals with RFID and the application of new technology brings benefits in all social systems including the individual family
- Families could start seeing RFID in the home with fridges that track what has been eaten.
RFID tags broadcast unique identifier signals over a radio frequency, which means their movement can be tracked over long ranges.