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Tech/Science
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(LEAD) Mobile carriers suspended, fined for excessive subsidies

SEOUL, July 18 (Yonhap) -- The communications watchdog on Thursday imposed a business suspension on the country's No. 2 mobile carrier and fined it and two other rivals for providing excessive subsidies to lure customers.

KT Corp. will be banned from attracting new customers for seven days, as it is judged to have led an overheated competition in the local telecom market, and was fined 20.2 billion won (US$17.84 million), the Korea Communications Commission (KCC) said.

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