SEOUL: South Korea's antitrust regulator said it would impose a total of 33.6 billion won (US$25.06 million) in fines on three domestic mobile carriers for exaggerating their 5G network speeds. The Korea Fair Trade Commission (KFTC) said that the three South Korean teleco firms, including SK Telecom, KT an
  • MrZee@lemm.eeEnglish
    15·
    1 year ago

    A total fine of $25m USD spread across three carriers. I have no idea what the scale is of the mobile providers are in SK. Is $25m much money or is this a US-style slap on the wrist fine (aka “the cost of doing business”)?

    • Hazdaz@lemmy.worldEnglish
      31·
      1 year ago

      Looks like there are about 70M mobile phones in SK. So roughly 33 cents from every phone bill would pay this fine.

      So yeah, this is a damn joke.

      This only encourages these companies to try this again in the future.