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
Internet fraud Internet fraud Internet fraud is a type of fraud which makes use of the Internet. According to the FBI's 2017 Internet Crime Report, the Internet Crime Complaint Center (IC3) received about 300,000 complaints victims lost over $1.4 billion in online fraud in 2017. According to a study conducted by the Center for Strategic and International Studies (CSIS) and McAfee, cybercrime costs global ecomony as much as $600 billion, which translates into 0.8% of global GDP. Online fraud appears in many forms. It ranges from email spam to online scams. Internet fraud can occur even if partly based on the use