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AI & Enterprise

Telecoms\' Q1 results diverge after hacking incidents; SKT and KT profitability slows

A series of hacking incidents last year is expected to affect South Korea\'s three mobile carriers in the first quarter. SK Telecom and KT are seen posting weaker results as compensation payments and marketing costs weigh on profitability. LG Uplus is forecast to be the only one to report gains in both sales and operating profit, helped by subscriber inflows and growth in new businesses. Analysts also see scope for a recovery in the second half.

Telecommunications & Media

LG Uplus faces trust risk test as rival security incident windfall fades

LG Uplus, which benefited from subscriber gains after security incidents at rivals, now faces controversy over its subscriber identity module number (IMSI) design and growing calls to waive contract termination fees. The company is accused of discarding and reinstalling a server suspected of being hacked, hampering forensic probes, and police have escalated their investigation. LG Uplus is expanding security measures, while civic groups and lawmakers press for user protections.

Telecommunications & Media

SKT re-emerges as top stock pick after hacking setback

SK Telecom, which struggled after a hacking incident a year ago, is again emerging as a key stock market pick, with its share price nearing 100,000 won. Analysts see its AI business beginning to be reflected in the valuation, alongside gains in the value of its Anthropic stake and expectations for data centre expansion. The stock has recovered sharply from last year’s drop after a USIM hacking incident and subscriber losses.