code (Top-level domain): KR IT and Broadband Development Today, South Korea has the highest number of broadband users. The rapid growth of the Korean broadband market was the result of a combination of government pushes and market factors. The government was active in promoting privatization and deregulation in general, and the information technology (IT) sector was no exception. The government implemented structural reforms in July 1990. Since the mid-1990s, the Ministry of Information and Communications (MIC) has pursued a policy of high-speed telecommunication infrastructure as a foundation to build a “knowledge-based society.” In the telecommunications sector, competition was allowed on an incremental basis and, in the market for value added services, full competition was allowed. In March 1995, Korea Information Infrastructure (KII) was established. KII's goal was to advance the nation's IT infrastructure. In August 1995, the Framework Act on Information Promotion was enacted. The country then experienced economic crisis in 1997 with the rest of the region. During the economic reforms being implemented after the financial crisis, the information technology (IT) sector was one of several that was targeted and considered to be an important factor in the recovery of the nation's economy. In 1999, the government implemented the program known as Cyber Korea 21, which was intended to accelerate IT development. In 1999, the government provided US$77 million in loans with preferential rates to facilities service providers (FSP). In 2000, another US$77 million was provided in loans for suburban areas, small cities and towns, and regional industrial areas. Another US$926 million was provided until 2005 in order to supply the rural areas with broadband. Commensurate with its investment funding, the government implemented various policies designed to increase internet use among the general population. The government provided “internet literacy” lessons to homemakers, the elderly, military personnel, and farmers. In June 2000, the government implemented what was known as the “Ten Million People Internet Education” project, the purpose of which was to provide internet education to ten million people. The number of broadband subscribers in Korea reached 10 million in October 2002, with about 70% out of 14.3 million homes connected at the speed of over 2 Mbit/s. In 2002, there were six operators providing broadband services in Korea. The market share leader was Korea Telecom (KT), with approximately 45.8% market share (4.5 million subscribers), followed by Hanaro Telecom with approximately 28.6% of the market and Thrunet with approximately 13.1%.