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
LeMall LeMall LeMall.com, a subsidiary of LeEco (formerly known as Letv), is a fast-growing e-commerce platform, committed to providing its consumers with LeEco smart devices, ranging from TVs and smartphones to bikes and virtual reality headsets. Founded in November 2004 by Jia Yueting, LeEco is involved in several business areas, including Internet TV, film and video production and distribution, smart gadgets, big-screen applications and Internet-linked electric cars. LeEco comprises a number of subsidiaries including LeMall.com, Le Vision Pictures and Le Mobile. In 2014, LeEco aggregate sales amounted to approximately 1.6 billion USD. At the end of 2014 LeEco announced its Super