[JoongAng Ilbo , Business, IT/Science, October 6 2008] Cheaper chats with Internet phones

innovations in the Korean IT industry

Choi Young-cheol, a 29-year-old graduate student living in Pohang, North Gyeongsang, used to pay about 175,000 won ($143.3) per month in phone bills since he called his girlfriend frequently.

Ever since he signed up for LG Dacom’s Internet telephony service, however, he only pays 87,000 won each month.

On top of this 50 percent reduction in his phone bill, Choi was picked as the subscriber who has saved the most money among LG Dacom’s Internet telephone subscribers in July.

Due to its price competitiveness, Internet telephony, or voice-over-Internet protocol, is becoming the newest digital revolution to benefit Koreans, who spend about 5 percent of their total living expenses on telecom fees.