[THE INVESTOR] Samsung Electronics said Monday it is hosting a gathering of the 3rd Generation Partnership Project throughout this week to enable business representatives to exchange views on the commercialization of the fifth-generation network.

At the meeting, officials from Korea’s three mobile carriers, SK Telecom, KT, and LG Uplus, as well as international partners like Verizon Wireless, AT&T, and NTT DOCOMO, have gathered to discuss ways to set up 5G-network services.

“The first 5G standard, which includes innovative technologies developed by Samsung Electronics, will be completed at this 3GPP conference,” the company said. “This will lead the market to commercialize 5G communication to serve as the core infrastructure for the coming fourth industrial revolution.”

Samsung said the participants at the gathering will confirm the final technologies for 5G commercialization.

“These include 5G wireless access technology providing ultra-high speed data and ultra-low latency and the conformance testing method for 5G terminals,” the tech giant added.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)