South Korea is one of the early markets where the commercialization of 5G technology is taking place. Now, according to the reports from local publications, the pricing of 5G plans for the South Korean market has now been confirmed.
The minimum cost or the starting price of the 5G tariff in South Korea is 55,000 won, which roughly converts to 325 Yuan or $48 for the three network operations — SK Telecom, KT, and LG U+.
While the basic package of 55,000 won from SK Telecom and KT offers 8GB of data, LG U+ offers 9GB of data. However, the data limited gets significantly increased when the user opts for the higher plan.
For instance, the package worth 75,000 won (approximately 444 Yuan or $66) offers 150GB on SK Telecom and LG U+ and the package costing 95,000 won (approximately 562 Yuan or $84) offers 200GB and 250GB data.
On the other hand, the third network operation — KT offers unlimited data service in packages worth 80,000 won and more, which roughly converts to 473 Yuan or $70. However, it then caps the speed in roaming.
Earlier, the South Korea-based network operators weren’t going to set the minimum pricing for the 5G network but it is being reported that the government forced the companies to do so as it believes that otherwise, users may not use the service due to excessive pricing.
Thus, in order to obtain the required government approvals to being the 5G service in South Korea, all the three companies decided to set 55,000 won as the minimum package pricing for the 5G network. But it’s clear from the packages that the companies will be keen on getting users for the 75,000 won or higher packages.
Read More: AT&T achieves over 1Gbps data speed with its 5G network, becomes the first U.S. carrier to do so
However, do note that the pricing has not been officially revealed by the network operators but have emerged through the local publications in South Korea. Samsung will be launching its Galaxy S10 5G smartphone on 5th April in South Korea and the official 5G network pricing is also expected to be revealed at that time.
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