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Telecommunications & Media

Korea\'s three mobile carriers post mixed Q1 results, bet on AI growth after hacking fallout

South Korea\'s three mobile carriers reported mixed first-quarter results. LG Uplus improved performance on balanced growth across businesses, including AI data centres. SK Telecom showed a clearer recovery from the previous quarter, citing improved AI profitability and a rebound in its wireless business after a SIM hacking incident. KT\'s profitability weakened despite expanding AX, as a one-off property-sale base effect and customer compensation costs weighed.

Telecommunications & Media

SKT Q1 operating profit recovers to 5-trillion-won range as AI data centre business surges

SK Telecom reported first-quarter consolidated revenue of 4.39 trillion won and operating profit of 537.6 billion won, down 1.4 percent and 5.3 percent from a year earlier. Net profit fell 12.5 percent to 316.4 billion won. The company said it recovered profitability, with quarterly operating profit returning to the 500 billion won range. It also resumed a quarterly dividend of 830 won per share and highlighted strong growth in its AI data centre business.

Telecommunications & Media

SKT steps up push into B2B market with new enterprise taskforce

SK Telecom CEO Jeong Jae-heon (정재헌) marked six months in the role with a town hall meeting, stressing the importance of customer-focused change. The company said he encouraged employees tackling an enterprise-wide crisis response and shared results to date. SKT is launching a CEO-direct enterprise taskforce to strengthen wired and wireless B2B competitiveness and pursue opportunities in public and defence AI B2B. It also plans to expand its AI data centre business and overhaul its job-level system.