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Finance

Banks in South Korea step up tailored hiring for second half, from regional sales to AI and security

South Korea\'s banks are ramping up open recruitment for the second half of the year, refining hiring by job type rather than selecting general candidates in bulk. Major lenders are keeping a framework focused on finance and sales staffing while carving out separate tracks for regional sales, corporate finance, AI and platform development, information security and accounting. Some are also adding or expanding specialist and global tracks and recruiting experienced professionals alongside entry-level hires.

Telecommunications & Media

MVNOs seek counterpunch with expanded data QoS option and lower wholesale rates

South Korea’s budget mobile virtual network operator (MVNO) industry, squeezed by the three carriers’ integrated plans and broader data quality-of-service options, is preparing a response after the government moved to cut wholesale rates and extend a 400 Kbps data QoS option to some MVNO plans. The policy package also lowers 5G revenue-sharing wholesale rate ratios by up to 3 percentage points and expands spectrum fee relief for smaller MVNOs from 50 percent to 90 percent.

Telecommunications & Media

South Korea to cut wholesale mobile rates, spectrum fees to boost budget carriers

South Korea will expand wholesale mobile plans offered by telecom operators and cut wholesale charges to strengthen the price competitiveness of budget mobile carriers, the Ministry of Science and ICT said. It will also raise spectrum fee reductions for smaller operators to 90 percent and widen the provision of data options. The government plans to support access to mid- and low-priced handsets, promote eSIM activation and review competition conditions later this year.