South Korea's 5G users reached 7.86 million in July, up 487,190 from the previous month, to account for 11.3 percent of the country's 69.8 million mobile subscriptions.
The increase in 5G users boosted the total number of mobile accounts by 174,197 in July from the previous month.
Meanwhile, the country's 4G users accounted for 54.9 million mobile subscriptions in July, down 15,054 from the previous month.
South Korea first offered 5G in April last year and is eyeing to deploy nationwide coverage of the network by 2022.
Major telecom operators intend to spend up to 25.7 trillion won to update infrastructure and meet the deadline.
The government has also met with the telecom operators to expand 5G coverage in remote rural areas by sharing their networks.
Local 5G subscriptions are poised to grow with new 5G phone releases in the second half, such as Samsung Electronics Co.'s Galaxy Note 20 and the new iPhone from Apple Inc.


Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion
REPAY Stock Rises After Visa Platform Connect Collaboration
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars
SK Hynix Shares Surge on Record $28.6 Billion Buyback
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Shein Targets $26B-$27B Valuation for Hong Kong IPO 



