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 Monday, June 09, 2008

Citing figures from the Broadcasting Communications Commission (BCC), the Korean Culture and Information Service (KOIS) reports that the country's broadband subscriber base broke through the 15 million barrier during April. KT Corp leads the way with a 44.2% share of the market, followed by Hanarotelecom (24%) and LG Powercom (12.2%). The remainder is split between smaller companies such as LG Dacom. Hanarotelecom's customer numbers are expected to have fallen in May, however, after 3,000 former and current subscribers filed a class-action lawsuit against the company for allegedly selling their confidential information to telemarketers. LG Powercom stands as the company most likely to gain, according to industry watchers.

Source: TeleGeography.