The Ministry of Science, ICT, and Future Planning announced on April 18 that the number of MVNO phone service users topped the 7-million level here in Korea. As of the end of March 2017, the number of MVNO users stood at 7,017,000.
MVNO refers to a mobile service offered by borrowing the networks of existing telecom operators, thereby being available at lower rates. MVNO services attracted as many as 7 million users in five years and nine months after first launch in July 2011, with the share of MVNO services in the mobile market rising to 11.4 percent.
The government has encouraged the use of MVNO services as a way to lower the family communications service expense burden.
To promote the use of MVNO services, the government is working on various initiatives, including the reduction in the cost of using radio waves. About 1,500 post offices nationwide are also selling MVNO services on behalf of ten mid-sized MVNO operators.
MVNO operators are striving to attract more users by offering cheaper rates by more than 30 percent than those of existing telecom operators.
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip