Telecommunication

Business in Tele-communication area is enormous and also has

an import role in society. There are a lot of tele-communication

business most of countries, however, Korea is sort of different

from others. The biggest fact in this field is 3 companies are

allowed by government; SKT, KTF, LGT. Regardless of wire

and wireless communication business there are several more.

Most companies in Korea do not prefer to joint venture

especially in Korean market. This year SKT and Hanaro

telelcom will joint venture, but as matter of Hanaro had

a law suit, because they had been used personal informations

illegally. The service that SKT and Hanaro was going to

provide is wireless and internet combined. Eventually,

Law suit had been charged and it delays until now.

However, high inflation destroys economic in Korea

and world wide. Government provides different rule

in order to provide services to customers with

lower price. Basically high inflation causes to affect

economic negatively and it requires a lot of cost to

live. Maybe high-inflation is a time like Great

depression but it could be a chance to have

a better business in the future because less-

distriction of law in business field.

20400402 14th edition