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

Cabinet approves Telecommunications Business Act amendment to block distribution of caller ID spoofing devices

South Korea has set a legal basis to ban the manufacture and distribution of caller ID spoofing devices used in voice phishing crimes. The Ministry of Science and ICT said the cabinet approved an amendment to the Telecommunications Business Act. The bill expands a subscription restriction service to all users by default to curb fraudulent mobile phone sign-ups under another person’s name. It also broadens the scope of approvals tied to changes in a major shareholder of a facilities-based telecom operator.