Telecommunications industry in South Korea - statistics and facts
South Korea’s telecommunications industry is largely dominated by three main companies after the government’s decision to privatize the sector in the early 2000s. With the industry led by KT Corporation, SK Telecom, and LG U+, all three companies are among South Korea’s elite group of large companies. The aforementioned trio are active in all facets of telecommunications, providing services for mobile, landline, and internet customers in South Korea.
Who are the leaders in different telecommunications market segments?
Why are Mobile Virtual Network Operators growing in popularity?
Mobile Virtual Network Operators, or MVNOs, are slowly but steadily becoming an attractive alternative to the traditional big three Mobile Network Operators (MNOs). The leading factor for consumers choosing MVNOs was how economic the fees were compared to contracts from MNOs. What was particularly noteworthy was the fact that MVNO subscribers were getting younger. As to whether this is merely a temporary trend, or a signal of MVNOs becoming a bigger force in the market, only the future will tell. Nevertheless, the caveat of MNVOs utilizing the networks of the traditional leading companies still remains valid, with MNOs also providing their own MVNO services to customers in South Korea.
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