Smart grids in South Korea help the country use more renewable energy sources and cut overall energy consumption." The "smart" in a grid is achieved through an installed software rather than hardware, banking more on the element of intelligence for more consistent upgrades, patterns learning, and timely response to new technologies. The South Korean smart grids include the following components: Internet in South Korea is more robust and developed than in almost any other country, with gigabit wired service being common even in fairly rural areas. Accordingly, Korean initiatives in smart grid and Internet of things largely take reliable backhaul connectivity for granted. The country's
History of the Internet peaking at 5,048.62 on March 10 (5,132.52 intraday), more than double its value just a year before. By 2001, the bubble's deflation was running full speed. A majority of the dot-coms had ceased trading, after having burnt through their venture capital and IPO capital, often without ever making a profit. But despite this, the Internet continues to grow, driven by commerce, ever greater amounts of online information and knowledge and social networking. The first mobile phone with Internet connectivity was the Nokia 9000 Communicator, launched in Finland in 1996. The viability of Internet services access on mobile phones was limited