KT Corp. unveiled a compensation plan for customers affected by unauthorized micro-payments, estimating costs at 450 billion won ($345 million), and ruled out a 'big bath' ahead of its new CEO's appointment.
#YonhapInfomax #KTCorp #CompensationPlan #HackingIncident #BigBath #450BillionWon #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97751
KT Estimates Hacking Compensation at 450 Billion Wonβ€”No 'Big Bath' Expected

KT Corp. unveiled a compensation plan for customers affected by unauthorized micro-payments, estimating costs at 450 billion won ($345 million), and ruled out a 'big bath' ahead of its new CEO's appointment.

Yonhap Infomax
KT rules out the possibility of a big bath related to hacking compensation costs, reassuring investors about its financial stability.
#YonhapInfomax #KT #Hacking #CompensationCosts #BigBath #FinancialStability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97745
KT Says Hacking Compensation Costs Unlikely to Lead to Big Bath

KT rules out the possibility of a big bath related to hacking compensation costs, reassuring investors about its financial stability.

Yonhap Infomax