KT, LG U+ Fined $5.6m for Messaging Price Cuts

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South Korean mobile operators KT and LG U+ have been fined a combined 6.2 billion won ($5.6 million) after making price cuts to their corporate messaging services deemed “excessive” by regulators.

Korea’s antitrust watchdog the Fair Trade Commission has fined KT 1.9 billion won and LG U+ 4.3 billion won after ruling that the operators had undermined fair market competition with their discounts, Yonhap News reported.

The operators were found to be taking advantage of their own mobile networks to offer prices that can’t be matched by smaller competition. Original post at Telecom Asia

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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