Hanjin Group announced on Monday morning that its chairman Cho Yang-ho died on Sunday at the age of 70.
Cho had been staying in the United States since last year to receive medical treatment.
He reportedly died in a hospital in Los Angeles from a chronic disease while his wife, son and two daughters were by his side.
The company didn't disclose the specific name of the disease but he is known to have had lung disease.
South Korea plans to create a multibillion dollar 5G industry over the next eight years.
The science ministry on Monday revealed its so-called 5G Plus Strategy identifying ten core industrial sectors,the government plans to spur the development of gadgets utilizing the super-fast wireless network.
These include AR and VR devices,state-of-the-art smartphones and network equipment,as well as drones, robots and wearable devices.
Such devices would also boost public welfare,by improving CCTV systems, allowing the observation of old facilities,and aiding the development of 5G-based drone for postal services.
Also, the plan specifies five service areas of focus,which include content, digital healthcare, smart cities and driverless technology.
It aims to install 5G-based smart city centersto control and monitor transport and public facilities,as well as incorporate 5G technology in at least half of the countries' general hospitals by 2023.
President Moon Jae-in says South Korea's great technological transition has begun -- with the launch of the world's first 5G communications network.
Speaking at a ceremony marking the launch in South Korea,the president said the government will help create the best ecosystem for 5G technology through national strategies.
Stressing that being first doesn't necessarily mean being the best,President Moon said South Korea's next challenge is to become the world's leading player in the sector.
He announced an ambitious goal of reaching 15-percent of the global market share by the year 2026, hitting 73 billion U.S. dollars in 5G-related exports and creating 600-thousand new jobs in the sector.
The fire, which started Thursday night in Goseong county, spread quickly to neighboring cities and counties,burning an area about 7-hundred-42 times the size of a soccer field to ashes.
While no more human casualties have been discovered, more property damage has been identified.
According to the Ministry of the Interior and Safety on Monday morning, more than 4-hundred-50 homes were confirmed to have been burned in the fire.
Meanwhile, cash donations made to public organizations to help the victims of the disaster totaled more than 6-point-2 million U.S. dollars as of Sunday, with many companies such as Samsung Electronics joining the efforts.
The U.S. State department has reaffirmed its stance on retaining the current sanctions on the Gaesong industrial complex in North Korea.
Voice of America reported on Saturday that Washington declined the Gaesong emergency measure committee's request to lift sanctions on inter-Korean economic cooperation projects, stressing that every UN member should take serious responsibility for helping end Pyeongyang's illegal programs.
The committee recited an appeal dedicated to President Trump last week, requesting an exemption on the shutdown of the complex claiming that the livelihoods of more than 200 thousand Koreans are at stake.
Source: Arirang News
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