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Gov't raises 5.6 tln won from frequency auctions

SEOUL, Sept. 4 (Yonhap) -- The government has raised 5.62 trillion won (US$5.11 billion) in revenue since 2001 by selling and allotting frequencies to mobile operators, a report showed on Wednesday.

According to the report compiled by the Ministry of Science, ICT and Future Planning, the country's leader mobile carrier SK Telecom Co. has spent the largest amount of 2.62 trillion won on the purchase of mobile frequencies, followed by KT Corp. with 2.11 trillion won and LG Uplus Corp. with 884 billion won.

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