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South Korean cellcos ordered to halt sign-up fees by 2015

22 Apr 2013

South Korea’s mobile network operators are to be banned from charging new subscribers a sign-up fee from 2015, AsiaOne reports. With an eye on reducing the financial burden on South Korean households, the Ministry of Science, ICT & Future Planning outlined its strategy last week, noting that it would ban the fees on a step-by-step basis. Under the ministry’s plans, the country’s three cellcos – SK Telecom, KT Corp and LG Uplus – will initially be directed to reduce their respective sign-up fees by 40% this year, with a further 30% to be taken off next year ahead of the abolishment of fees by the end of 2015. The ministry has claimed that the regulatory change could save customers a combined total of KRW500 billion (USD436 million) each year.

South Korea, KT Corp, LG Uplus, SK Telecom (SKT)

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