Back when I was a broadband reporter for Red Herring magazine, I took a trip to Seoul and did the classic story on how South Korea kick-started its economy with government investment into blazing-fast broadband pipes that created its world-leading mobile and web industries. South Korea’s broadband buildout may hold some interesting lessons for the U.S. smart grid rollout, as I’ve noted before. But the country could also take a leading role in the smart grid market, with South Korean smart grid firms competing directly against the companies in Silicon Valley that are developing the next-generation of smart grid tools. According to a report today in Reuters, South Korea has picked eight consortiums to build a smart grid test bed in the country and South Korea is vying for “30 percent share of the global smart grid industry.”

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