An anonymous reader writes to tell us that while 60 Mbps may be enough to get us excited in the US, Korea is making plans to set the bar much higher. The entire country is gearing up to have 1 Gbps service by 2012, or at least that is what the Korea Communications Commission (KCC) is claiming. 'Currently, Koreans can get speeds up to 100 Mbps, which is still nearly double the speed of Charter's new 60 Mbps service. The new plan by the KCC will cost 34.1 trillion ($24.6 billion USD) over the next five years. The central government will put up 1.3 trillion won, with the remainder coming from private telecom operators. The project is also expected to create more than 120,000 jobs — a win for the Korean economy.'"