Telecommunications & Media
Trust barrier remains in 6.81 million used phone market despite safe certification
More than 70 percent of phones taken out of use do not enter South Korea’s used phone market, a report showed, citing concerns about personal data leaks and distrust of transaction processes. The market grew to 6.81 million units last year, but the share of end-of-use devices considered sellable was 27.9 percent. The government introduced a safe-trade certification scheme in May last year, yet industry officials say awareness, clarity and practical support remain insufficient.
