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Telecommunications & Media

MSIT kicks off follow-up steps to boost budget mobile market, holds industry meeting

South Korea\'s Ministry of Science and ICT met budget mobile operators to discuss institutional improvements to revitalise the market, including expanding radio frequency fee reductions and supporting full MVNO entry. The ministry held an on-site meeting in Seoul to review follow-up plans to its budget mobile activation measures and hear industry difficulties. It plans to amend enforcement decrees and notices, link policy finance to expanded facilities investment, and raise customer service staffing standards while strengthening protections for subscribers if operators suspend or close operations.

Telecommunications & Media

South Korea to hold talks with budget mobile operators on \'Budget Mobile 2.0\' rollout

South Korea\'s Ministry of Science and ICT will meet budget mobile operators on Sept. 30 in Seoul to discuss ways to revitalise the market and follow up on its \'Budget Mobile 2.0\' measures. The ministry plans to review on-the-ground effects of the policy and hear industry difficulties and additional reform needs. Agenda items are expected to include wholesale network fees, data-provision terms, subscriber acquisition and profitability improvements.

Crypto

Russia to roll out digital rouble payments from Sept 1; crypto payment ban remains

Russia will begin introducing digital rouble payments from Sept. 1 local time, but will keep prohibitions on using cryptocurrencies as a direct payment method. Major telecoms, online marketplaces and key banks are set to support the state-controlled digital currency, which becomes a third form of national money alongside cash and non-cash roubles. Laws set phased obligations for firms and banks to adopt the system, though surveys show limited consumer willingness to use it.