It’s time to change the mobile phone.

Photo = Yonhap News

Photo = Yonhap News

At the end of the year, mobile carriers are increasing their public announcement subsidies. This is as the competition among mobile carriers to meet the last-minute demand at the end of the year when the demand for mobile phone replacement increases. For consumers who need to change their mobile phones soon, now is an opportunity to enjoy various benefits.

According to the mobile communication industry on the 25th, LG U+ raised the public support for the swivel phone’LG Wing’ to 600,000 won on the 24th. LG Uplus also raised the public subsidies for’LG Velvet’ and’Galaxy Note 20 Ultra’ this month to 783,000 won and 650,000 won, respectively.

On the 22nd, KT raised the public support fund for’Galaxy S20 Ultra’ from a maximum of 600,000 won to 700,000 won in 21 days. On the same day, the public support fund for’Galaxy S20 Plus BTS Edition’ was also raised to 600,000 won. SK Telecom has raised the public subsidy for the Galaxy S20 Ultra to a maximum of 580,000 won.

Was it time to change your phone?  This way, you can buy 800,000 won cheaper.

According to the changes in publicly disclosed subsidies, consumers should carefully examine the options that are favorable to them and select benefits. Consumers who want to buy a new mobile phone can choose one of the public subsidy and optional contract (25% rate discount). The option to receive more benefits varies depending on the public subsidy and plan of the mobile phone to buy.

For example, for the Galaxy S20 Ultra, the factory price is currently 1298,000 won. When using KT, if you receive 700,000 won of the publicly disclosed subsidy and an additional discount (up to 15% of the publicly disclosed subsidy), 805,000 won is discounted, and the actual purchase price drops to 493,000 won. At this time, assuming that the rate plan is 80,000 won, if you subscribe to the optional contract, the monthly communication fee discount amount is 20,000 won, and the discount amount for 24 months is 480,000 won. It is advantageous to live with publicly available subsidies.

Beware of illegal subsidies. According to the distribution industry, competition for attracting customers has begun due to the increase in public subsidies, and illegal subsidies are also prevalent in some distribution networks. It is known that the actual purchase of the Galaxy S20 Ultra is available in the range of 300,000 to 400,000 won. This is a discount of up to 1 million won.

Accordingly, the Korea Communications Commission announced that it will strengthen crackdown on illegal subsidy sales from Christmas. An official from the Korea Communications Commission said, “We are carrying out a variety of activities to establish a sound distribution order, such as the establishment of a guide for reporting violations on the Korea Communications Commission’s website.”

Reporter Yoonjung Hong [email protected]

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