KCC to decide subsidy ceiling for telecoms every 6 months

Home > Business > Industry

print dictionary print

KCC to decide subsidy ceiling for telecoms every 6 months

The Korea Communications Commission (KCC) said yesterday it has decided to allow more flexibility in its smartphone subsidy policies.

From now on, the KCC will announce a subsidy ceiling every six months, which will be between 250,000 won and 350,000 won ($247 to $346). At its regular meeting, the commission increased the subsidy ceiling for the first time in four years.

The commission can now change the ceiling if the mobile device manufacturers set the price too high. Also, the three telecom giants must now ensure that their affiliated and independent retailers list the price of each device and subsidies in public.

More in Industry

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Shinsegae Group chair passes down shares to children

This Chuseok, the gift sets are meaty, boozy and pricey

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now