Competition has been introduced in Korean telecommunications market since late 1980's. Interconnection arrangements among carriers and regulatory framework for them have been changed by the market situation. Asymmetrical regulation played important role for new entrants to settle down and to activate competition in the market. The incumbent, however, has suffered too much to compete fairly with the protected new entrants. Controversial issues are raised for the draft of new interconnect order from the perspectives of the incumbent and some suggestions are made to avoid conflicts. Barriers of any kind do not help fair competition at all. Regulation has better be liberalized for new entrants as well as for the incumbent.
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