South Korea’s Ministry of Science & ICT said that it will be launching an auction to award mobile carriers additional 5G spectrum next month. The winning carrier is required to install more than 150,000 5G base stations by 2025, as part of the government’s plan to deploy 5G nationwide.
Additional 5G spectrum in the 3.4 GHz to 3.42 GHz will be auctioned. This news has stirred dissatisfaction SK Telecom and KT, as both carriers won 100 MHZ of the 3.5 GHz band in June 2018, while LG Uplus secured a bloc of 80 MHz spectrum.
In November 2021, the number of 5G subscribers in South Korea reached 20.19 million, crossing the 20 million mark for the first time to account for more 25% of total 72.57 million mobile subscriptions in the country.