In line with previously announced plans, South Korea’s Ministry of Science and ICT (MSIT) has confirmed it is now accepting applications for 5G-suitable spectrum in the 28GHz (26.5GHz-27.3GHz) band. However, it caveats this by noting that frequencies are only being offered to new operators as part of measures aimed at enhancing competition in the country’s mobile sector. As such, the nation’s incumbent cellcos – SK Telecom, KT Corp and LG Uplus – are barred from bidding for spectrum.

In terms of pricing, the MSIT has set a KRW74.2 billion (USD57 million) minimum for a national concession, while should the authorities fail to sell a nationwide licence, the spectrum will be offered on a regional basis, at prices ranging from KRW1.8 billion to KRW33.7 billion, dependent on the region.

Applications for the spectrum have been requested by a deadline of 19 December 2023.