South Korea, whose citizens already enjoy the fastest average broadband speeds in the world, is about to get much, much faster:

By the end of 2012, South Korea intends to connect every home in the country to the Internet at one gigabit per second. That would be a tenfold increase from the already blazing national standard and more than 200 times as fast as the average household setup in the United States.

And the cost to consumers of this blazing fast Internet? A pilot project is currently charging less than $27 a month.

But don't worry, I have faith that Comcast, Verizon, Qwest, et al will soon offer even faster service at an even lower cost, because American-style capitalism is always the most efficient and productive way of doing everything. (It's in the Bible, or something.)