South Korean mobile operators could soon face new competition in the form of new hopeful Kbiz, a consortium with a unique business model.
Kbiz - the Korea Federation of Small and Medium Businesses - has announced plans to submit an application with regulator KCC for a fourth mobile license.
Under the proposal, Kbiz would partner with around 900 small to mid-sized businesses to roll out a 4G network.
A Kbiz official toldJoongAng Daily the Federation views the mobile market as a potential new growth engine for small and mid-sized IT companies.
Funding will be drawn from members, as well as external investments. Because of Kbiz' WiBro ambitions, Samsung Electronics is considered a likely investor.
The entry of a new contender could potentially shake up the mobile market, which has been a three-horse race for more than a decade.