MVNOs mount South Korea 5G pricing challenge - Mobile World Live

MVNOs mount South Korea 5G pricing challenge

01 APR 2021

Competition in the South Korean mobile market was tipped to heat up as ten MVNOs prepared to release low-cost 5G data plans following steps by the Ministry of Science and ICT to relax pricing rules, Yonhap News Agency reported.

Tariffs to be unveiled this month will offer subscribers as much as 30GB of data for KRW40,000 ($35.39) a month, the ministry reportedly stated. The rates will be below the standard offerings from major MNOs SK Telecom, KT and LG Uplus.

Yonhap News Agency stated the ministry changed regulations three months ago to allow MVNOs to set 5G data rates without cooperating with the MNOs to increase competition.

The news outlet reported MVNOs had around 7,000 5G subscribers at end-February, compared with a combined 13.7 million from the leading operator trio.

All told, 5G accounted for nearly a quarter of total mobile connections in the nation.

Earlier this month, Yonhap News Agency reported the big three face legal action from 5G users dissatisfied with the data rates and coverage provided.



Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

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