SEOUL, June 30 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, lost its top spot in local brand value rankings following a data breach that affected its entire 25 million user base, a local brand valuation firm said Monday. SK Telecom earned 850.1 points on the BrandStock Top Index (BSTI) for the [...]
SEOUL, June 26 (Korea Bizwire) — SK Telecom is poised to reenter South Korea’s competitive mobile market with aggressive customer acquisition strategies following a 51-day business suspension. With Samsung’s Galaxy Z Fold 7 set for release next month and potential changes to the country’s subsidy regulations looming, industry watchers expect a full-fledged “subsidy war” among [...]
SEOUL, June 19 (Korea Bizwire) — A wave of consumer complaints is erupting over how some South Korean law firms are handling group lawsuits related to the high-profile hacking incident involving SK Telecom. Critics say certain firms are aggressively soliciting participants and collecting upfront fees without adequate explanation—only to later demand detailed evidence of damages, [...]
SEOUL, May 26 (Korea Bizwire) — A joint government-private investigation team looking into SK Telecom Co.’s recent large-scale data breach has extended its probe to the servers of other major mobile carriers and platform companies, but found no signs they have been compromised, industry sources said Monday. Initially, the team had asked local telecommunications and [...]
SEOUL, May 19 (Korea Bizwire) — Servers at SK Telecom Co. containing personal information and universal subscriber identity module (USIM) data of all subscribers have been compromised in a cyberattack, raising concerns that critical USIM data used in financial transactions may have been leaked, a joint government-private investigation team said Monday. According to the team’s [...]
SEOUL, May 5 (Korea Bizwire) — SK Telecom Co., South Korea’s leading wireless services provider, suspended new subscriber sign-ups nationwide Monday as part of its response to a recent data breach involving the company’s network. The suspension came as the company focused on replacing universal subscriber identity module (USIM) chips for mobile phones after detecting [...]
SEOUL, May 1 (Korea Bizwire) — The government on Thursday issued an administrative guidance order instructing SK Telecom Co. to suspend new subscriber sign-ups until it resolves a shortage of universal subscriber identity module (USIM) cards related to a recent company network data breach. The Ministry of Science and ICT said the measure aims to [...]
SEOUL, April 30 (Korea Bizwire) — Ryu Young-sang, chief executive officer (CEO) of SK Telecom Co., said Wednesday the company is preparing for the worst-case scenario that a recent cyberattack may have leaked the universal subscriber identity module (USIM) data of all 25 million subscribers. “In the worst-case scenario, we are bracing for it,” Ryu [...]
SEOUL, April 30 (Korea Bizwire) — The U.S. Forces Korea (USFK) on Wednesday advised its troops and employees subscribed to SK Telecom Co. to take safety measures following a major cyberattack at South Korea’s biggest mobile carrier. In a post titled “SK Telecom Breach Cyber Threat Advisory” updated on its website, the USFK warned of [...]
SEOUL, April 30 (Korea Bizwire) — A recent hacking incident at SK Telecom has triggered a spike in demand for SIM card replacements and mobile number transfers, with some South Korean banks poised to benefit from the unexpected fallout by expanding their budget mobile phone services. According to banking industry officials on Tuesday, KB Kookmin [...]