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.
South Korea's KCC has ordered SK Telecom to fully waive early termination fees for mobile service cancellations by year-end, and to cover 50% of penalties for bundled service cancellations, following a major hacking incident that led to a net outflow of 720,000 subscribers and significant compensation costs.
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KCC Orders SK Telecom to Fully Waive Early Termination Fees for Mobile Service Cancellations by Year-End
South Korea's KCC has ordered SK Telecom to fully waive early termination fees for mobile service cancellations by year-end, and to cover 50% of penalties for bundled service cancellations, following a major hacking incident that led to a net outflow of 720,000 subscribers and significant compensation costs.
Yonhap Infomax News