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To: bananawind who wrote (13678)	8/13/1998 3:23:00 PM
From: SKIP PAUL	Read Replies (2) \| Respond to of 152472

Story From Korea Herald 08-11-98 Mobile Phone Carriers Post 2 Trillion Won in First-Half Sales Korea's mobile communication service providers posted a rise in sales during the first half, thanks to the entrance of PCS carriers into the market, industry sources said yesterday. Sources said that the five mobile phone carriers recorded turnover of 2.18 trillion won _ mainly fees for subscription, communication and the use of value-added services _ up 787 billion won from last year. The sales increase is largely attributed to the launch of PCS (personal communications services) phones in October last year, the sources said. The PCS trio _ Korea Telecom Freetel, LG Telecom and Hansol PCS _ registered combined revenues of 573 billion won in the six months, contributing to the growth in sales. By company, SK Telecom, which has 5.11 million digital and analog subscribers, topped the sales list with 1.3 trillion won, up 4.5 percent from the same period last year. Shinsegi Telecomm, a cellular operator that offers only digital service, came in second place with 315 billion won. That represents 100-percent growth from a year earlier. Boosted by the increase in subscribers to 1.37 million in the cited period, Korea Telecom Freetel achieved sales of 225 billion won. The other two PCS carriers, LG Telecom and Hansol PCS, recorded turnover of 182 billion won and 166 billion won, respectively. In a turning point for Korea's mobile phone history, the number of mobile communication subscribers surpassed 10 million at the end of June. That can be translated into one mobile phone user out of every two households. Despite the growth in turnover, the carriers' profitability is expected to fall throughout the year because of the five firms' fierce competition in a relatively small market, analysts said.