Hwang Hyun-sik, CEO of LG Uplus, "Prompt Launch of 5G Mid-Tier Plans"
Negative Stance on Artificial Competition Adjustment in Altteul Phone Market
Hwang Hyun-sik, CEO of LG Uplus, is listening to Minister Lee Jong-ho's greeting at the meeting between the Minister of Science and ICT and the CEOs of the three major telecommunications companies held on the 11th at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul.
View original image[Asia Economy Reporter Cha Min-young] Hwang Hyun-sik, CEO of LG Uplus, stated on the 11th, "We will promptly launch a mid-tier 5G plan."
After attending a meeting at the Korea Chamber of Commerce and Industry in Seoul in the afternoon with Lee Jong-ho, Minister of Science and ICT, Yoo Young-sang, CEO of SK Telecom, and Koo Hyun-mo, CEO of KT, Hwang Hyun-sik told reporters, "Since SK Telecom's plan has been released, we will review our response strategy after seeing the specifics," adding, "I promised Minister Lee Jong-ho that we will do our best."
Regarding the allocation of the 3.40?3.42 GHz band (20 MHz bandwidth), he explained, "The most significant meaning is that we can provide good quality," and added, "The three companies are building a rural shared network, and it is also meaningful that we can provide services using the same frequency." He continued, "I believe this will have a positive impact on the entire industry as other companies will be able to invest more competitively in quality."
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On the growing MVNO market, he said, "The MVNO market has an increasing proportion of the MZ generation," and noted, "The biggest issue is that consumers' needs regarding overall telecommunications are changing." He also mentioned, "I think artificially adjusting competition is not a good direction, and the problem lies in coexistence with small and medium-sized operators," adding, "We are continuously pursuing coexistence not only with our subsidiaries but also with small companies, striving for both sides to grow together."
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