KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home 5G

South Korea Welcomes Fourth Mobile Carrier: Stage X Secures 5G Band Rights

Kwang-Sun by Kwang-Sun
PUBLISHED: February 1, 2024 UPDATED: August 1, 2024
in 5G, South Korea, Tech Industry
0
South Korea Revokes Stage X’s Mobile License Over Financing Failures

Image credits: Yonhap

On Wednesday, a local consortium, Stage X secured the 5G band rights to operate the 28 gigahertz (GHz) band of South Korea’s fifth-generation network, marking the addition of a fourth mobile carrier in the country. 

The consortium, known as Stage X, led by Stage Five, a communications affiliate of tech giant Kakao Corp., emerged victorious in the auction held at the IT Venture Tower in Seoul, outbidding its rival My Mobile, according to the Ministry of Science, Technology, and Information.

Stage X’s successful bid makes it the newest entrant into South Korea’s competitive telecommunications landscape. With Stage Five and supported by other unidentified companies within the consortium, Stage X aims to expand the accessibility and reach of 5G services nationwide. 

Stage X’s successful bid of 430.1 billion won (US$322.1 million) for the 28 GHz band is a crucial milestone for South Korea’s telecommunications sector. It comes after a contested auction against Sejong Telecom Inc. and Mobile Consortium. 

The entrance of Stage X as the fourth mobile carrier represents the first addition to the market in 14 years. The bid amount, which far exceeds the previous auction’s record, highlights the increasing importance and value of the 5G spectrum. It reflects the growing demand for high-speed connectivity and advanced telecommunications services among consumers and businesses alike.

In response to Stage X’s entry into the telecommunications market, the South Korean government has initiated measures to introduce a new operator to foster competition in an industry traditionally dominated by the three major carriers. 

Stage X, as the fourth mobile carrier, is mandated to establish 6,000 base stations nationwide within the initial three years, along with implementing strategies to alleviate frequency congestion and interference, ensuring optimal service quality for consumers.

Stage X CEO Seo Sang-won shared his views on selection and hopes to establish the company as a prominent brand in the communications market, emphasizing driving fresh and innovative changes by enhancing the 5G network service. 

Despite the license loss by the three major carriers for the 28 GHz spectrum last year due to insufficient investment, Stage X faces the obligation to build the specified number of base stations nationwide over the next three years and address frequency-related challenges. While awaiting the development of a compatible mobile device ecosystem in the domestic market, the company will explore alternative business avenues to navigate the transitional phase effectively.

Stage X announced intentions to distribute smartphones compatible with the 5G 28 GHz spectrum in collaboration with Samsung Electronics Co. and global entities such as Apple Inc. and Google. 


Also Read:

  • South Korea’s Semiconductor Giants Lead Amidst Tech Sector Shifts: A Look Back at 2023
  • SK Networks Partners with Bow Capital for AI Investment Ventures
  • Sam Altman’s South Korea Visit Signals OpenAI’s Ambition to Develop Own AI Chips with Samsung and SK Hynix
  • KT Corporation Shuts Down NFT Platform MINCL Amid Shifting Business Landscape
  • South Korea Unveils ‘Korean Reaper’: Advanced Spy Drones Strengthen Military Surveillance over North Korea

 

 

Tags: 5GMobile carrierSouth Korea

Related Posts

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket
Government

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket

October 1, 2025
South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub
Data Center

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub

October 1, 2025
Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?
AI

Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?

September 25, 2025
Global API Standardization Gets a Push with SK Telecom–Aduna Partnership
AI

Global API Standardization Gets a Push with SK Telecom–Aduna Partnership

September 23, 2025
South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’
AI

South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’

September 18, 2025
$12B Crypto Wave: How Young Koreans Are Shaping Global Markets
Cryptocurrency

$12B Crypto Wave: How Young Koreans Are Shaping Global Markets

September 1, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Launches 3D Street View for Immersive Navigation Experience

    0 shares
    Share 0 Tweet 0
  • KakaoTalk to Adopt Instagram-Style Feed in Major 2025 Redesign

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • South Korea Invests $1.1B to Build National AI GPU Infrastructure

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |