South Korea Takes the RFID Plunge

The South Korean government is sinking $800 million into R&D for radio frequency identification (RFID) tags, believing the business opportunities to be as great as those of cell phones. South Korea hopes to become a leader in RFID technology by 2010.

The funding will cover RFID tag production, as well as further research. South Korea has been aggressively testing RFID technology for tracking airline luggage, monitoring and quarintining imported beef, and managing military ordnance.

Source: ZDNet Australia