(LEAD) Samsung's first 5G smartphone priced at 1.55 mln won

(ATTN: UPDATES with more details in last 2 paras)

SEOUL, March 29 (Yonhap) -- Samsung Electronics Co.'s first 5G smartphone will be priced at 1.55 million won (US$1,320), industry sources said Friday, as the tech behemoth is set to release its newest flagship device next week.

According to the sources, Samsung Electronics and the three mobile operators in the country agreed to set the price of the Galaxy S10 with 512GB memory capacity at 1.55 million won, with the price tag of the device with a smaller capacity of 256GB standing at 1.39 million won.

Samsung said earlier it would release the world's first mobile device with the next-generation network capability on April 5.

South Korea's three mobile carriers have been preparing to roll out their commercial 5G service for Samsung's smartphone built for the high-speed network.

The government, meanwhile, accepted the nation's top mobile carrier SK Telecom Co.'s plan for its pricing package for the 5G Galaxy S10.

The cost of the 5G rate plan is forecast to start at 55,000 won per month for 8 GB of data, they said. The rate package for 300 GB will go up to 125,000 won per month.

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