Abolition of tariff approval system positive
The Korean parliament passed an amendment to the Telecommunications Business Act to replace the current ex-ante telecom tariff approval system (with a notification system with reservation) which has been in effect since 1991. The notification system with reservation gives the government a 15-day review period when telcos report their cell plans to the authority, so that the government can reject tariffs if it believes they harm consumers or undermine fair competition. As a result, SK Telecom (SKM), the nation's leading mobile carrier, is now able to report its tariffs