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MSIT to overhaul method for calculating spectrum reallocation fees

South Korea\'s Ministry of Science and ICT will begin work to improve the system used to calculate fees for spectrum reallocation. The ministry said on Aug. 13 it will form a research panel of experts in law, economics and management, and technology, and hold a kickoff meeting. The government reallocates needed spectrum when usage periods end, and sets fees under radio wave laws based on spectrum\'s economic value.