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Constitutional Court Upholds Law Restricting Subsidies on Mobile Devices

Constitutional Court Upholds Law Restricting Subsidies on Mobile Devices

SEOUL, May 26 (Korea Bizwire) — The Constitutional Court on Thursday upheld a law that restricts subsidies on the purchase of smartphones and other mobile devices. The regulation, which sets the legal limit of subsidies at 330,000 won (US$295), was adopted to bring transparency and stability to the market long distorted by subsidies as telecom [...]