The government of South Korea is considering the introduction of a revision to the Telecommunications Law, which has a goal of balancing the massively-competitive handset market in the country. Phone manufacturers, as well as mobile carriers have divided opinions regarding the government’s latest move.
South Korean tech giant Samsung said that it cannot publicly reveal key fact sheets related to its handset business, despite the fact that the local government is asking the company to fully cooperate with the moves. A revision will be introduced by the Ministry of Science, ICT and Future Planning along with the top regulator of the nation, the Korea Communications Commission.
The revision in question, which is better known as a ‘subsidy law’ is scheduled to be introduced as the telecommunications industry and local operators are looking to resort to high handset subsidies, as well as unlimited data plans in order to attract customers. Chief financial officer of Samsung, Lee Sang-hoon during a meeting with the officials said, “Samsung Electronics has no big question about the need for a revision to the Law. However, Samsung can’t unveil internal data such as the amount of subsidies given to carriers, the factory price of each Samsung device and sales figures”.
The government regulations and policy frameworks did not have much effect so far, as one-time penalties and limited business suspension were thought of as ‘regular events’ by the nation’s carriers.
Photo Credits: Physorg