The Ministry of Science, ICT & Future Planning of South Korea has decided to ban charging new subscribers a sign-up fee from 2015. The government will initially ask the country’s three mobile operators – SK Telecom, KT Corp and LG Uplus – to reduce their sign-up fees by 40% this year and a further 30% off next year followed by charging nothing by the end of 2015.
The ministry expects the abolition of such fees which range from 24,000 won (US$21.43) to 39,600 won (US$35.36) per user, to cut mobile charges by around 500 billion won (US$447 million) annually. Currently, the largest mobile carrier by subscribers in the South Korea, SK Telecom, charges 39,600 won (US$35.36) for the administration fee, while KT and LG Uplus charges 24,000 won (US$21.43) and 30,000 won (US$26.79), respectively, the report noted.
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