Shocking Truth Behind Skyrocketing MVNO Sign-Ups

● Bargain-priced, budget phones – Number portability.

Summary of the Rapid Increase in Affordable Phone Subscriptions and Economic Outlook Based on Changes in the Telecommunications Market

1. Current Status of Affordable Phone Subscribers and Market Share

The number of affordable phone subscriptions is rapidly increasing these days.
With 12.63 million subscribers out of a population of 50 million, it accounts for approximately 17% of the market share.
At first glance, it seems like everyone will switch to affordable phones someday, but the reality is different.
On the other hand, the affordable phone market has high price competitiveness compared to the top 3 telecommunication companies, but it is insufficient in terms of additional services.

2. Background of Affordable Phone Birth and Government Policies

In the past, the top 3 telecommunication companies monopolized the market, leading to high telecommunication costs.
The government introduced the Mobile Virtual Network Operator (MVNO) system in September 2010 to promote competition, which marked the beginning of the affordable phone business.
Affordable phone operators lease telecommunication networks at a low cost and remove unnecessary additional services, instead providing basic plans at a lower price.
As a result, they were able to offer attractive plans to low-usage customers.

3. Comparison of Business Structures between Affordable Phone Operators and the Top 3 Telecommunication Companies

Affordable phone operators focus solely on price competition through telecommunication network leasing.
On the other hand, the top 3 telecommunication companies seek to attract customers with various benefits such as value-added services and bundled discounts.
Both methods have their own strengths and weaknesses.
For example, affordable phones have the inconvenience of difficulty in connecting with customer service representatives, but the top 3 telecommunication companies have cost burdens such as high base station installation costs.
Also, for 5G and unlimited data plans, the price competitiveness of affordable phones may be relatively low.

4. Correlation between Rate Plans and Value-Added Services

Affordable phones mainly operate on a pay-as-you-go (RS) basis, which means that the basic rate is low, but additional charges apply when data usage is exceeded.
Contract discounts and bundled discounts from the top 3 telecommunication companies enhance cost-effectiveness along with value-added services.
However, with the recent increase in telecommunication costs and the rising value of value-added services such as movie and dining discounts, it is difficult to choose based solely on price competition as before.
Ultimately, consumers need to carefully compare rate plans to match their usage.

5. Future Prospects and Considerations Before Signing Up

The government is pushing to lower the network usage fees that mobile carriers charge affordable phone operators, so affordable phone rates are likely to become even cheaper in the future.
However, affordable phones may change their rate plans after the promotion period ends, and they have disadvantages in terms of service quality, such as connecting to customer centers.
Before signing up, it is important to carefully check your data usage, whether or not you need additional services, and the conditions for transferring numbers.
In addition, the price differences and conflicts between large corporate affiliates and small and medium-sized affordable phone operators should be carefully examined.

Summary (Summary)

Affordable phone subscriptions account for 17% of the total population and are steadily increasing due to price competitiveness.
The affordable phone business, which started with the government’s mobile telecommunication resale system, competes mainly on basic rates, unlike the top 3 telecommunication companies.
The top 3 telecommunication companies differentiate themselves with various value-added services and bundled discounts, but they have high cost burdens.
Affordable phones have disadvantages such as additional costs when data is exceeded and inadequate customer service, so you should carefully consider the rate plan and usage pattern that suits you before signing up.
Affordable phone rates are likely to become cheaper in the future due to lower network usage fees, but service differences between operators remain.
Key points related to economic outlook, global economic outlook, telecommunications market, affordable phones, and rate plans were covered.

*YouTube Source: [Jun’s economy lab]

– 알뜰폰이 저렴한 이유(ft.번호이동)

● Crash, Crisis, Meltdown

Latest Analysis of Global Economic Outlook

2020: Pandemic Outbreak and Increased Economic Uncertainty

The global economy suffered a major shock from the COVID-19 pandemic in 2020.
Lockdown measures and travel restrictions by governments around the world severely impacted industries across the board.
Financial markets showed rapid volatility, highlighting the instability of the global economy.
From this point on, a review of global economic and investment strategies began.

2021 ~ 2022: Concurrent Recovery and Inflation Concerns

Economic recovery showed signs with the distribution of vaccines and government stimulus policies.
However, rapid recovery led to inflation pressures and supply chain bottlenecks.
The financial market required a revision of investment strategies with increased liquidity.
This period marked a critical turning point in economic forecasts and global economic trends.

2023: Intersection of Interest Rate Hikes and Economic Slowdown

Central banks around the world implemented interest rate hikes to curb inflation.
The global economy showed signs of an economic slowdown due to interest rate hikes and liquidity contraction.
Investors focused on stable investment strategies and risk management.
Financial markets underwent steady changes and adjustments amidst uncertainty.

Outlook Beyond 2024: Digital Transformation and Sustainable Growth

Digital transformation and ESG (Environmental, Social, and Governance) strategies have become important in the post-COVID recovery process.
The global economy expects a new leap through sustainable growth and the introduction of innovative technologies.
Revisions to investment strategies and diversified investments are recommended in the fields of financial markets and economic forecasts.
Long-term economic recovery and growth are expected amidst the uncertainties of the global economy.

The global economy experienced increased uncertainty due to the pandemic outbreak in 2020,
and inflation and supply chain issues were highlighted amidst the recovery in 2021 and 2022.
In 2023, interest rate hikes and economic slowdowns significantly impacted financial markets and investment strategies.
Sustainable growth can be expected after 2024, centered on digital transformation and ESG strategies.
Key words: global economy, economic outlook, investment strategy, financial market, world economy.

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Global Economic Recovery

Financial Market Trends

*YouTube Source: [와이스트릿 – 지식과 자산의 복리효과]

– 컴퓨터 켤 줄 알면 홈페이지도 그냥 만들 수 있어요 / 서승완 대표

● Atlanta Fed’s GDP Bet: Recession?

U.S. Manufacturing Indicators and U.S. Economic Outlook Amidst GDP Contraction

Analysis of Reporter Interviews and Treasury Secretary Bacent’s Remarks

U.S. manufacturing indicators have significantly declined based on survey data.
The Philadelphia Federal Manufacturing Index and the Dallas Index recorded the largest drop since May 2020.
One reporter questioned the reshoring strategy, but Treasury Secretary Bacent argued, based on 35 years of investment experience, that survey data should be ignored and actual data should be considered.
He suggested that actual employment, consumption, and overseas consumption capacity are good, and there are many investment promises for the return of U.S. manufacturing.

GDP Contraction Forecast and Causes of Trade Balance Deterioration

Looking at the components of GDP, consumption, investment, government spending, and net exports play important roles.
Currently, consumption and investment remain solid, but net exports are significantly deteriorating due to a surge in imports.
The Atlanta Fed’s GDP Now indicator, released one day before the announcement, significantly lowered its forecast for Q1 GDP to a contraction of -2.7%, or -1.5% excluding foreign factors.
The trade balance has deteriorated as import orders surged in anticipation of rising prices of imported goods due to the Trump administration’s tariff policies.
These hard data, unlike simple survey-based manufacturing indicators, act as a burden on the overall economy.

Trump Administration’s Response and Tariff Relief Measures for the Automotive Sector

Tariff burdens in the automotive sector intensified, leading to difficulties for domestic manufacturers.
In response, the Trump administration introduced a measure to temporarily ease the tariff burden on parts for automobiles manufactured with foreign parts for two years.
It was decided not to impose a 25% tariff on parts accounting for 15% of the finished vehicle price.
This measure is evaluated as reflecting the realistic situation that it will take time to establish a complete supply chain within the U.S.

Amazon Price Hike Controversy and Concerns over UPS Personnel Reduction

Amazon’s internal plan to pass on tariff increases to prices was revealed, leading to a strong reaction from the White House.
As a result, Amazon was confirmed to have abandoned its price increase plan.
At the same time, UPS announced plans to reduce 20,000 employees due to the overlapping burdens of tariffs and Amazon.
These movements raise concerns about increased consumer burden and weakened public sentiment.

Expectations for Easing Trade Tensions and Future Economic Outlook

Morgan Stanley economists and others have detected signals from the White House to ease U.S.-China trade tensions.
Trade is currently contracting due to tariffs, but the possibility of trade flows recovering within the next 60-90 days due to trade policy easing has been suggested.
As actual hard data sends signals of economic slowdown, concerns about a recession are growing in the overall U.S. economy.
Two consecutive quarters of negative growth are considered an official recession, and changes in economic stimulus policies are being urged accordingly.

Summary

U.S. manufacturing survey indicators have declined significantly, but Treasury Secretary Bacent supports U.S. manufacturing based on hard data such as employment, consumption, and investment commitments. Q1 GDP is projected to contract by -2.7% or -1.5% due to a deteriorating trade balance, with net exports deterioration being the main cause. The Trump administration temporarily eased tariffs on the automotive sector, and concerns were raised about Amazon’s price increase controversy and UPS’s personnel reduction. Morgan Stanley and others forecast easing trade tensions and the possibility of trade recovery within the next 60-90 days. Key SEO keywords such as U.S. GDP, Trump tariffs, manufacturing indicators, trade easing, and economic outlook are used to re-examine the overall economic flow.

*YouTube Source: [Maeil Business Newspaper]

– [홍장원의 불앤베어] ‘족집게’ 애틀랜타 연은, 결국 GDP 역성장에 베팅