LG Group and Japan's Softbank may be on the verge of a profound restructuring of the Korean telecoms sector.
In part, this is thanks to some very messy shareholdings.
LG owns 30% of Dacom, a competitor to KT in the long distance and international field. Meanwhile, Softbank has long been a major investor in broadband operator, Korea Thrunet - owning 20% - and more recently it took an undisclosed stake in Dacom.
Now Dacom and Thrunet have formed a consortium...