South Koreans spend $1.5bn in three years on SMS
Three major mobile phone companies in South Korea have earned a combined $1.5 billion from their short messaging service from 2004 to 2006, the local media said.
The report indicated SK Telecom Co. as the top SMS earner with $843 million followed by KTF Co. with $417 million and LG Telecom Ltd. with $224 million.
Local lawmaker Kim Yang-soo has said that the three companies have made “outrageous profits” from SMS, and believes that his estimated cost to them of 0.009 cents per text sent they should reduce the end user charge to 2 cents.
