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South Korea frowns on steep phone subsidies, bans new carrier customers for most of January
South Korea is an ocean apart from North America in more ways than one. Where US and Canadian carriers virtually center their businesses around heavily subsidized phones, the Korea Communications Commission is discouraging the idea. The agency isn't just fining KT, LG U+ and SK Telecom for offering device discounts beyond 270,000 won ($252), it's banning those networks from taking new subscribers for as many as 24 days in January -- they'll have no choice but to serve their existing bases for most of the month. The providers are unsurprisingly miffed, although the punishment may be a win for customers who won't necessarily be as indebted to their carriers when they spring for a Galaxy Note II or Optimus G.
Filed under: Cellphones, Mobile
Via: Unwired View
Source: Telecompaper
Original Link: http://www.engadget.com/2012/12/27/south-korea-frowns-on-steep-phone-subsidies/
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget