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Telecommunications & Media

KT penalty-fee waiver drives cumulative loss of 150,000 customers

More than 150,000 customers have left KT since it began waiving early termination fees on Dec. 31, telecom industry data showed. From Dec. 31 to Jan. 8, cumulative cancellations reached 154,851, and 74.3 percent of those customers moved to SK Telecom. On Jan. 8 alone, total number portability was 53,919, including 24,252 KT departures. The industry expects cumulative KT departures to exceed 200,000 this weekend.

Finance

Woori Bank opens Jeju Global PB branch to target foreign wealthy clients

Woori Bank said on Thursday it opened the Jeju Global PB branch, a dedicated wealth management channel for foreign customers. The branch was established to meet rising demand for financial consultations among foreign residents in the Jeju area. It provides comprehensive services including asset management, foreign exchange, overseas remittances and tax advice. The bank also prepared more independent and private consultation spaces and assigned foreign-national staff to support wealthy clients.