Despite having seen several attempts at acquiring a mobile concession falter, South Korean consortium Korea Mobile Internet (KMI) is said to be planning a renewed bid for a licence. According to Yonhap News Agency, which cites local industry sources, the consortium, which comprises a number of mobile virtual network operators (MVNOs) is planning to submit an application to the Ministry of Science, ICT and Future Planning (MSIP) in the coming weeks. With KMIs attempts at gaining a concession having been knocked back over concerns raised by the regulator over its financial status, the report claims that the consortium has now attracted around KRW850 billion (USD793 million) in capital. Further, it is also said to have secured technologies needed to address claims that it was not technically prepared to function as a network operator.
As noted in TeleGeography’s GlobalComms Database, following rejections in November 2010 and February 2011, in December 2011 the Korea Communications Commission (KCC) rejected a renewed bid for a licence from KMI, citing an unrealistic investment plan as the reason for its decision. More recently, in February 2013 the KCC turned down yet another application from KMI for a mobile network concession; with the consortium needing to score more than 70 out of 100 to receive regulatory approval, KMI scored a total of 64.21, with the regulator citing a number of factors in reaching its decision, including a lack of knowledge regarding technology, unclear business plans and funding.