South Korea is pegging its economy on smartphones and other technology, aiming to become a veritable "mobile wonderland." One telecom CEO, Lee Suk-Chae, said that the country has already conquered the internet, and now is becoming the market leader in smartphones and aims to double its sales by 2015.

In the last year, the smartphone user population in South Korea has increased ninefold.

Watch CNN's video report below, originally aired July 3, 2011.