Wi-Bro, WHY? No, seriously now. PC World reports that South Korea has officially put its plan for wireless broadband into motion with the help of three different companies. As the article explains, Wi-Bro is part of the IEEE 802.16 family of wireless Internet specifications and from I am hearing, will be offering some mighty decent speeds for what most people are needing.

High-speed Internet services based on a new technology called WiBro (short for Wireless Broadband) are a step closer in South Korea with the government’s selection of three carriers to provide WiBro-based commercial services.

WiBro is part of the IEEE 802.16 family of wireless Internet specifications and is expected to offer speeds up to 1 megabit for devices traveling at up to 60 kilometers per hour.

The technology is closely related to the WiMax system that has been developed to send a higher-bandwidth signal of several tens of megabits per second to fixed receivers over a distance of several tens of kilometers. WiMax is also part of the IEEE802.16 family.

The South Korean government said late last week that it will award the licenses next month to KT, SK Telecom, and Hanaro Telecom. All three had been expected to gain licenses after Dacom, the only other major carrier to have expressed an interest in the service, dropped out of the running late last year and said it will concentrate on fixed broadband services.