ICOM: Investment Discussion Message Board

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Technology Stocks : ICOM: Investment Discussion

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To: Otimer who wrote (55)	1/15/1998 11:25:00 PM
From: wm sherman	of 494

Korean Telecom News..a small ray of sunshine :-) nikkeibp.asiabiztech.com. Gov't to Provide Large Aid to Telecom Operators January 14, 1998 (SEOUL) -- The Korean government will provide about US$69 million to companies in the telecommunications industry to help ease their financial difficulties, said Kang Bong-kyun, minister of Information and Communications. He made the comment at a meeting with domestic telecommunications service providers in Seoul. In recent years the ministry has given financial assistance on an annual basis to key telecom service providers. The ministry said it will select 36 telecom service providers to receive assistance within this week. The telecom service providers that participated in the meeting said they welcomed the government's policies to liberalize telecom fees as well as to lower restrictions on entry into key businesses. They said it is difficult for them to secure investment funds during the prevailing economic crisis. Mobile phone service providers said that the total number of subscribers remains steady. A ministry official said there will be no changes in fees based on portion of sales, which are paid by telecom operators. (Maeil Business Newspaper, Korea)

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