Korea's strategy for Internet of Things (IoT) involves promoting IoT as the core of national competitiveness through public and private sector collaboration. The strategy includes developing 8 smart sectors like smart city, smart home, and smart factory. It also involves building test beds for smart city and healthcare with local governments. The goals are to save 70 million hours of finding parking, gain 50% of service business share, and increase business profit rates by 2.5 times.