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South Korean regulator reduces fines in telecom cartel over number portability

By Jenny Lee ( July 7, 2025, 07:57 GMT | Insight) -- South Korea’s antitrust regulator has finalized sanctions against the country’s three mobile carriers, slashing the combined fine to 96.3 billion won (about $70.4 million) from an earlier proposed 114 billion won after excluding certain revenue streams from the penalty calculation. The Korea Fair Trade Commission confirmed the revised fines in its final written decision, delivered recently to SK Telecom, KT and LG Uplus, MLex was told.South Korea’s antitrust regulator has finalized sanctions against the country’s three mobile carriers, slashing the combined fine to 96.3 billion won (about $70.4 million) from an earlier proposed 114 billion won after excluding certain revenue streams from the penalty calculation....

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