Business Services Industry

LG TELECOM GAINS CELL PHONE MARKET SHARE FROM RIVALS IN OCT.

AsiaPulse News, November, 2004

SEOUL, Nov 1 Asia Pulse - LG Telecom Ltd. (KOSDAQ:032640), the smallest of South Korea's three mobile phone operators, gained market share from larger rivals SK Telecom Co. (KSE:017670) and KTF Co. in October because its mobile-banking services helped it attract more new subscribers, the companies said Monday.

Seoul-based LG Telecom added a net 69,954 mobile phone customers in October, giving it a 16.29 per cent market share, up 0.15 percentage point from the previous month.

SK Telecom, the country's biggest mobile phone operator, attracted a net 41,456 subscribers last month, but its market share slipped 0.04 percentage point to 51.43 per cent at the end of October.

KTF experienced a net loss of 5,287 customers last month, with its market share...

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