KT, LG U+ revoke membership fees for first time in 19 yearsMobile carriers KT and LG U+ announced on Tuesday that they will no longer charge any membership fees, effective as of that day. The decision came after SK Telecom, the No. 1 player in Korea, announced the same move in November.
The three companies said that the abolition of membership charges is intended to lower telecommunication fees in general. Revoking these fees, which have been in place for 19 years, is in line with the Park Geun-hye administration’s pledge to reduce the financial burden of mobile phone use.
Before the cancellation, KT charged 7,200 won ($6.5) while LG U+ asked for 9,000 won. SK Telecom asked subscribers to pay 11,880 won.