5G Phone Prices Set To Drop To Increase Number Of Subscribers In South Korea

Unsurprisingly, not a lot of people have gotten into 5G yet

5G had already been launched officially in South Korea since April, but it looks like a lot more needed to be done in order to get more people to use it. As such, 5G phone prices are set to plummet as mobile manufacturers and carriers seek to increase the number of subscribers utilising the high-speed network.

As such, mobile carriers and Samsung Electronics are aiming to offer new devices for under 1 million won (~ MYR3500), a significant discount to its initial price of 1.43 million won (~MYR4800) for the Samsung Galaxy S10 5G. The LG V50 ThinQ by LG Electronics, the other 5G smartphone in South Korea, was initially sold at 1.19 million won (~MYR4145) but fell by 100,000 won (~MYR348) due to subsidy competition among mobile carriers.

“Apart from the Note10, Samsung Electronics will continuously present smartphones that are much more competitive in terms of price compared to prior models from next month,” a mobile carrier source told the JoongAng Ilbo on Thursday. 

Other than that, according to IT industry sources, Samsung plans to release the most recent Galaxy A series phone, the A90, as a 5G model as another option to offer affordable 5G smartphones to the market. The Galaxy A90 will be released in 4G LTE and a 5G versions and is expected to come with Qualcomm’s most recent application processor, the Snapdragon 855, a 6.7-inch screen and a triple camera. 

In the meantime, LG is preparing to release a derivative model of the V50 in the second half of the year. Users will be able to receive calls and messages on a dual screen. The price will be lower than the original V50. 

If budget 5G phones are released in the market next month, the war among Korea’s three mobile carriers will likely heat up. This is definitely something worth observing as affordable 5G smartphones means more of us even here in Malaysia is likely to pick it up, even if 5G is not available here in Malaysia yet.