Telecom companies fined for lax checkups

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Telecom companies fined for lax checkups

Korea Communications Commission said yesterday that it fined three mobile service carriers in Korea a total of 940 million won for failing to thoroughly check the identities of potential subscribers. SK Telecom, KTF and LG Telecom allowed some to use fake identities, ruining other people’s credit histories in the process, the commission said. SK Telecom had the largest fine, 650 million won. The companies reported subscribers who defaulted on their payments to credit information agencies without first confirming their identities, the commission said.
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