Reports suggest the Samsung Galaxy S5 could have slow-to-non-existent sales in South Korea due to a recent 45-day ban on all new cell phones sold by the country’s major cell carriers. Samsung recently announced plans to sell their new flagship smartphone on April 11, which is less than a month away. However, the new ban prohibiting cell phone sales would fall in line with this date, forcing South Korean residents to wait even longer to get their hands on the Galaxy S5. So, why are South Korean cell carriers banned from selling new phones for 45 days? The ban was handed down by a watchdog group after several carriers began selling smartphones and other devices for steep discounts. Under the country’s current law, carriers are only allowed to subsidize phones up to $250, and this incident involved phones being subsidized for more than $250. You might be wondering why South Korean cell carriers would willingly subsidize phone prices more than $250. Well, it’s likely due to the country’s stiff competition. It’s estimated that 7 out of 10 South Koreans already own a smartphone (note: Samsung is based in South Korea). The only way cell carriers can attract new customers is…