The deregulation policy of mobile communications in Korea could result in privatization and mitigation of entry restriction. But the radio spectrum was hardly recognized as a resource unitl early 1990s. With the amendments to telecommunication-related laws and new grants of mobile communication carriers, some important changes have been under way. The mandated contribution to R&D fund by newly licensed carriers appears to be an effective way of diverting the economic rents of the radio spectrum from the carrier. The present dual radio spectrum allocation system, licensing of new carriers and authorization of radio station, hinders efficient utilization of scarce radio spectrum resources. This paper proposes a new regulation scheme for efficient use of radio spectrum in the era of more competitive and open economies.
展开▼
