What does it cost to obtain permission to open a key communications business?

There are two kinds of payment. The first is a one-off payment at the time of obtaining the permission for key industries, and another is an annual payment after business commencement. The annual payment is a fixed amount in correlation to the annual sales amount.

• One-off payment

– Only the companies in the wireless sector providing communications service
through the allocation of frequency follow the laws of radio waves.

• Annual payment

– Businesses with a sales amount of over KRW30 billion with profit in the previous
year after launching the business are subject to payment.
– The amount of payment is 0.5% of the sales amount of the previous year
(0.75% for businesses that fall under Art. 34 of the Business Act).
– The amount of payment for the present year is within the range of the net income
of the previous year.