Minister Yusang-im of the Ministry of Science and ICT to Meet with Representatives of the Three Major Telecom Companies Next Month

First Meeting Since Inauguration... Household Communication Costs Expected to Be Discussed
Likely to Take Place on November 13

Yoo Sang-im, Minister of Science and ICT, is scheduled to meet with the representatives of the three mobile carriers (SK Telecom, KT, LG Uplus) next month for the first time since taking office.

[Image source=Yonhap News]

According to the industry on the 24th, Minister Yoo will hold a meeting next month with Yoo Young-sang, CEO of SKT, Kim Young-seop, CEO of KT, and Hwang Hyun-sik, CEO of LG Uplus. Although the exact date is still under discussion, August 13 is being strongly considered.

As this will be the first meeting since Minister Yoo's inauguration in August, it is expected that pressing issues surrounding mobile carriers, such as reducing household communication expenses and the abolition of the Device Distribution Act (Dantongbeop), will be discussed.

With all three mobile carriers entering the artificial intelligence (AI) business, they may also request institutional support from Minister Yoo regarding this matter.

Additionally, the Korea Fair Trade Commission, which raised suspicions of collusion in sales incentives among the three carriers, has announced plans to impose fines. While the Ministry of Science and ICT is not the main regulatory body, the Korea Communications Commission is handling the issue, but the three carriers are expected to urge the Ministry of Science and ICT to also voice their stance.

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