South Korean telecommunications company LG Dacom announced continued success converting consumers in South Korea to its myLG070 residential VoIP play. Since launching the service in July 2007, LG has attracted 1 million subscribers, according to company figures. Adding to LG's momentum in the space, the South Korean government this month enabled a service for customers to maintain their existing telephone number while they migrate from legacy services.
LG also announced this week bullish projections on continued subscriber growth, due in no small part to the government's plan. Taking out impediments to service-switches, like maintaining the same home phone number, looks like a sure-fire win for VoIP services encouraging customers to make the switch. Korea Telecom has got around 90 percent of the South Korean landline market, so LG, the third-largest largest telco in South Korea, saw a good spot to build market share in an increasingly attractive segment with this VoIP push.
For more:
- see the article here [1]
- for good background on the South Korea VoIP market, see the Korea Herald article here [2]
Related Articles
Korea comes up with VoIP prices for U.S. military [3]
Using VoIP for international "domestic" calls [4]
Links:
[1] http://www.telegeography.com/cu/article.php?article_id=25522&email=html
[2] http://www.asiamedia.ucla.edu/article-eastasia.asp?parentid=96774
[3] http://www.fiercevoip.com/story/korea-comes-voip-prices-u-s-military/2007-05-31
[4] http://www.fiercevoip.com/story/using-voip-for-international-domestic-calls/2007-01-23