The country’s three mobile carriers are facing
additional penalties from the nation’s telecom watchdog as they enter a 45-day government-ordered
suspension of business on this Thursday. The Korea Communications Commission says…
it will levy more than 30-billion won, or 28-million U.S. dollars, in fines on all three
carriers for igniting unfair competition and overheating the market in January and February.
The KCC will also suspend leading mobile carrier SK Telecom and the number three player LG
U-plus for seven and 14 days, respectively. That’s on top of the 45-day suspension issued
by the ICT ministry — a penalty on all three carriers for providing illegal subsidies to
lure potential customers. During the suspension, two carriers are suspended
at once and the companies are banned from signing up new customers.