telecom industry Archives | Be Korea-savvy

Telecom Giants’ Q2 Performance Divided: SK Telecom Struggles, KT and LG U+ See Gains

SEOUL, Aug.11 (Korea Bizwire) – In a stark contrast to SK Telecom’s sharp decline, KT and LG U+ posted strong financial results for Q2 2025, despite the ongoing challenges in the telecom sector. SK Telecom’s operating profit dropped by 37.1% year-on-year, falling to 338.3 billion won, largely due to the aftermath of a major hacking [...]

Local Telecom Operators Dispute Survey that Highlights Seoul’s “High” Telecom Rates

SEOUL, Sept. 21 (Korea Bizwire) — Following survey results released by the Japanese government claiming that costs for telecom services in Seoul were the second-highest among six of the world’s major metropolises, members of the local telecom industry have refuted the claim, stating that the subject of comparison and survey methodology were inadequate. According to [...]