TeleCompaper : Korea Communications Commission (KCC) has imposed business suspensions on SK Telecom, KT and LG Uplus and fined them for providing discriminative subsidies to lure customers, reports the Yonhap News Agency. The country’s three mobile carriers will be banned from attracting new customers for up to 24 days starting in January 2013, and have been fined a combined KRW 11.89 billion, said the regulator. LG Uplus will be barred from gathering new subscribers for 24 days from 07 January 2013, while SK Telecom and KT will also be banned from luring new customers for 22 days and 20 days, respectively, according to the KCC. SK Telecom was fined KRW 6.89 billion, with KT and LG Uplus slapped with KRW 2.85 billion and KRW 2.15 billion in fines.
360 VR Live will initially be aimed at the enterprise market.
SK Telecom and Verizon, the largest wireless telcos of South Korea and the US, respectively, will co-develop technical specifications for 5G standards and conduct joint studies.
The South Korean telecommunications operator cited losses resulting from its stake in affiliate SK Hynix, and looks to expand as a media platform business to generate profit.
