The domestic telecommunications equipment industry in South Korea saw a lacklustre start to 2023, with performance declining markedly from the high points of Q4 2022. The deceleration was driven largely by a slowdown in 5G mobile communication investment by telecom companies and a change in market conditions, leading to divergent fortunes across the sector.
Data from the Financial Supervisory Service's electronic disclosure system revealed a downward trend in Q1 2023, with many companies reporting operating losses or continuing to underperform compared to the same period the previous year.
Among the 17 listed firms excluding large enterprises in the Korea. . .
