April 20, 2024

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The government is poised to approve the 5G mobile network rate plan by mobile carrier SK Telecom later this week, industry sources said on March 28.

The Ministry of Science and ICT received the application from the mobile carrier on March 25 and is forecast to make the final decision later this week, they said.

The cost of the 5G rate plan is forecast to start at 55,000 won ($48) per month for eight gigabytes of data, they said. The unlimited rate package is forecast to hover above 120,000 won per month.

The two other mobile carriers -- KT and LG UPlus -- are also poised to submit their plans for the rates in early April.

SKT earlier said it has completed key tests of its 5G network on Samsung Electronics’ upcoming 5G smartphone as part of preparation for its commercial rollout next month.

By Ram Garikipati and newswires (ram@heraldcorp.com)