Korea Herald | February 25, 2011 | Cho Ji-hyun
The Korea Communications Commission said Thursday that it decided not to allow a fourth telecom to establish in the local market due to its lack of business strategies and funding abilities.
During the weekly general meeting, commissioners of the state-run telecom regulator rejected Korea Mobile Internet’s proposed project plan to take position as the fourth telecom.
The commission also turned down KMI’s proposal to get the frequency band for wireless broadband.
The KMI received a total of 66.545 points out of 100 points in the evaluation as a communications carrier and 66.637 points out of 100 points in the frequency band distribution evaluation, according to the KCC. The group needs to get at least 70 points to be qualified for both categories.
Three telecoms ― SK Telecom, KT Corp. and LG Uplus ― are currently the dominant players in the Korean market.
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