Home › South Korea lifts foreign ownership caps in telecom sector
 

Keywords :   


South Korea lifts foreign ownership caps in telecom sector

2013-08-28 01:32:00| Telecompaper Headlines

(Telecompaper) The South Korean government will lift limits on foreign investment in smaller telecommunications operators as part of the country's free-trade agreements with the US and the European Union, The Wall Street Journal writes. Foreign investment in the telecommunications sector was capped at 49 percent but this will be lifted to 100 percent. However, foreign investors will be required to establish a South Korea-based vehicle to hold the stake in the local operator and the rule only applies to smaller telecommunications companies that provide fixed-line and mobile communications services

Tags: south foreign korea sector

Category:Telecommunications

Latest from this category

All news
»
28.09Post-Tropical Cyclone Helene Public Advisory Number 19
28.09Tropical Storm Joyce Graphics
28.09Hurricane Isaac Graphics
28.09Hurricane Isaac Wind Speed Probabilities Number 9
28.09Hurricane Isaac Forecast Advisory Number 9
28.09Hurricane Isaac Public Advisory Number 9
28.09Summary for Hurricane Isaac (AT5/AL102024)
28.09Tropical Storm Joyce Forecast Discussion Number 3
More »