Friday, October 19, 2007

[The Hankyoreh, October 18 2007] Upheaval in telecommunications industry translates into benefits for YOU

Internet calling and competition between mobile service providers mean more options, bigger savings

With local mobile carriers rushing to cut communications charges and the government unveiling measures intended to boost Internet telephony, the landscape of the nation’s telecommunications industry is showing signs of an upheaval. The very similar service charge schemes of the three major mobile carriers seem as though they are being consolidated, which means that customers will soon be able to choose systems tailored to their communications habits. Against this backdrop, SK Telecom, KTF and LG Telecom, which have all made huge profits within the tripartite market monopoly, claim that their profitability could go down, but many observers see this as the start of a price war, which could help customers reduce the financial burden from communications spending.

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