South Korean carriers take up to 70% off smartphones to lock customers into contracts

On the Galaxy S5's official global launch day, a report by beSUCCESS shed more light on the government sanctions that made South Korean carriers sell the flagship smartphone ahead of Samsung's schedule. The media describes Samsung's homeland as "one of the most technologically advanced markets in the world" with the highest number of smartphone owners. There's hardly any more room for growth inside the highly saturated market, which is pushing the three domestic telecoms into fierce competition.

To whisk customers away from each other, SK Telecom, KT Corp, and LG U+ resort to large smartphone subsidies ...



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