Friday, November 02, 2007

[The Chosun Ilbo, October 30 2007] Internet Phone Services Challenge Korea's Calling Market

As businesses scour the market for the next big-buck concept they're turning to an old standby: phone calls.

This time the medium is the Internet because it costs less than cellular and land-based services.

One pioneer of the cutting-edge calling market is cable TV operators. After taking on broadcasting and online services they're now providing cheaper phone service through the Web.

And their sales pitch is hard to beat: call long-distance for the same rate as ringing up your neighbor.

According to industry sources, KT, the nation's largest fixed-line phone and Internet service provider, changed its business plan to launch a Web-based phone service before year's end. That's a year earlier than planned.

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