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Report Claims South Korea’s Telecom Market Lacks Competition

By  |  May 26, 2020

South Korea’s telecommunications market dominated by three major firms lacks competition and needs to improve its structure to provide better services to consumers, a state-run think tank said Tuesday.

The Korea Information Society Development Institute (KISDI) said although competition in the local telecom market, viewed as an oligopoly, has grown over the years, it still appears to be “insufficient.”

“The market share and concentration ratio of the country’s top telecom operator dropped and improved index related to the market structure, but this is mainly due to government policy of supporting ‘altteul’ phone operators,” the KISDI said in its report for the 2019 telecom market, using the Korean word for thrifty.

Full Content: Korea Herald

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