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Telecommunications & Media

SKT 5G exaggerated advertising 16.83 billion won fine cancelled; court says amount miscalculated

SK Telecom partially won a first-instance administrative lawsuit challenging South Korea\'s antitrust regulator over sanctions for exaggerated 5G speed advertising. The Seoul High Court ruled the ads were false or exaggerated, deceptive and likely to mislead consumers, and found the conduct illegal. But it said the Fair Trade Commission miscalculated the violation period, causing errors in the revenue base used to compute the penalty, and cancelled the 16.83 billion won fine.

Telecommunications & Media

Baeh Kyung-hoon says telecoms must transform into AI companies as top 3 expand investment

SK Telecom, KT and LG Uplus will work with the government to expand next-generation network investment to respond to the AI era and form a public-private consultative body to discuss investment and telecoms regulatory improvements. Deputy Prime Minister and Science Minister Baeh Kyung-hoon said telecoms should transform into AI infrastructure and platform companies. The ministry plans a comprehensive policy package, while the carriers will expand membership benefits and provide temporary plan perks for youth and vulnerable groups.

Telecommunications & Media

Government, three mobile carriers join to expand AI network investment and strengthen livelihood support

South Korea\'s government and the country\'s three mobile carriers will work together to expand next-generation network investment for the AI era and strengthen measures to support people\'s livelihoods. Vice Prime Minister and Science Minister Bae Kyung-hoon met chiefs of SK Telecom, KT and LG Uplus in Seoul on Wednesday to discuss AI-based network upgrades and steps to stabilise living conditions. The ministry plans regulatory changes and a public-private consultative body from August.