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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

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Category:Telecommunications

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