South Korea's top mobile carriers were fined 58.41 billion won (US$57.15 million) by the telecom authority on Thursday for continuing to pay illegal subsidies to win new clients.
The Korea Communications Commission (KCC) said two of the three carriers being punished -- SK Telecom Co. and LG Uplus Corp. -- will also be banned from signing on new customers for one week starting at the end of this month. KT Corp. was excluded from the suspension.