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Tag - Uplus
South Korea's Fair Trade Commission issued across-the-board fines on Thursday to domestic phone designers and carriers for price fixing. IT ruled that LG, Pantech, and Samsung, as well as three dominant carriers KT, LG Uplus, and SK Telecom, had colluded on the prices of phones. The group was accused of artificially inflating the prices of cellphones, only to pretend they were offering a discount for what was supposed to be a less expensive device.
A rumor alleges that claims of a banner Korean iPhone 4S launch were far from true. An SK Telecom official supposedly talking to the Korea Times said that, instead of the 300,000 combined sales between pre-order and launch, real sales were supposedly below 150,000. The unnamed source implied that SKT's rival, KT, had artificially inflated the initial numbers by letting customers order as many as three phones at once.