SKT Followed by KT... The Declining Value of the 'Galaxy Z Flip'

Movement to Deplete Inventory Before New Product Launch

[Asia Economy Reporter Cha Min-young] Amid expectations that Samsung Electronics' new foldable phone will be released in August, telecom companies are increasing the official subsidies for the 'Galaxy Z Flip 5G.'

According to industry sources on the 15th, KT raised the official subsidy for the Galaxy Z Flip 5G from the previous 600,000 KRW to 700,000 KRW the day before.

The current retail price of the Galaxy Z Flip 5G for KT is 1,349,700 KRW. Assuming the use of KT Super Plan Basic Choice at 90,000 KRW per month, the actual purchase price drops to 544,700 KRW when combining the official subsidy and an additional subsidy of 105,000 KRW. Additional subsidies provided by retailers are set at a maximum of 15% of the official subsidy.

Earlier, SK Telecom also raised the official subsidy for the Galaxy Z Flip 5G from a maximum of 480,000 KRW to 580,000 KRW on the 1st. When using SK Telecom's 5GX Prime plan at 89,000 KRW per month, the actual purchase price based on the total subsidy drops to 582,600 KRW.

The telecom companies' rush to sell older models at lower prices is interpreted as a move to clear inventory ahead of Samsung Electronics' new foldable phone release. Samsung Electronics is expected to unveil new foldable phone models, including the successors to the Galaxy Z Flip 5G, the 'Galaxy Z Flip3' and 'Galaxy Z Fold3,' at the Galaxy Unpacked event early next month.

This content was produced with the assistance of AI translation services.