Sihai network technology channel, November 28, South Korean media recently revealed that Deloitte accounting firm recently analyzed from its financial audit report that Koryo Telecom, the largest shareholder of oskom Telecom in Egypt, which is the only one to provide mobile communication services to North Korea, has so far received US $500 million in revenue. However, due to the control of the North Korean authorities, oscom did not convert the cash into foreign exchange to remit money to Egypt. In this regard, oscan Telecom will discuss with the North Korean authorities. However, considering that the source of the news is South Korean media, some industry analysts believe that the credibility of the news is not high.
Olascom Telecom of Egypt and the North Korean government invested 75% and 25% respectively to establish Koryo Telecom on December 15, 2008, and provide 3G mobile services through WCDMA. In this regard, many netizens have joked that Korea Telecom can be called the king of global monopoly industries.