Abolition of Telecom Subsidy Act to shift mobile market to free competition

1. The Act on the Distribution of Mobile Devices will be abolished from July 22, switching the telecommunications market to a free competition system, and the obligation to disclose subsidies and the cap on additional subsidies will be removed.
2. The law, introduced in 2014, will be integrated into the Telecommunications Business Act, and the Ministry of Science and ICT and the Korea Media and Communications Commission expect it to expand benefits for consumers.
3. Even if a fee discount (25%) is chosen, consumers can still receive additional subsidies from retailers, and contracts must specify all subsidies, fee plans and bundling conditions.

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