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S. Korea: ICT Ministry Presses Mobile Carriers, Manufacturers on Price
Source: english.yonhapnews.co.kr
Source Date: Friday, October 17, 2014
Focus: Thematic Website
Country: Korea (Republic of)
Created: Oct 21, 2014

South Korea's ICT minister on Friday pressed local handset manufacturers and mobile carriers to lower the prices of devices and subscriptions after a new law enacted to lower costs for consumers backfired.

In a hastily called early morning meeting, Choi Yang-hee, minister of science, ICT and future planning, said the point of the new law is to induce market players to compete in lowering the costs of communications and handset factory prices, while improving service quality.

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