Three major telecom companies — SK Telecom, KT and LG Uplus — are expected to report an 83.56 percent year-on-year jump in combined third-quarter operating profits to 1.37 trillion won ($1.04 billion), as one-off costs from last year’s hacking incident and voluntary retirement program fade. Their combined revenue is also forecast to rise 1.54 percent to about 15.35 trillion won. According to financial data provider FnGuide, the increase largely reflects a low base from last year, when SK Telecom incurred expenses related to a SIM card data breach and LG Uplus recorded costs for a voluntary retirement program. The combined figure would also be 10.47 percent higher than the 1.24 trillion won recorded in the third quarter of 2024, putting earnings above pre-incident levels. SK Telecom is expected to lead the recovery, with an operating profit soaring 981.5 percent year-on-year to 523.9 billion won and revenue rising 11.87 percent to about 4.45 trillion won. The company’s operating profit slumped to 48.4 billion won in the third quarter last year after the breach in April led to costl

Cheong Wa Dae makes rare disclosure of Lee's golf outing ahead of opposition attack
COVER STORY Korea's 2-track AI strategy casts uncertainty over sovereign model project
Korea's role in combined command set to grow after OPCON transfer
Experts see no quick fix for Korea-US intelligence rift
Best spots for autumn stroll: 4 destinations in South Gyeongsang Province
3 telecoms' Q3 profits to jump 84% to $1.04 bil.
Starbucks Korea reclaims coffee market lead after 5-month slump
North Korea fires multiple ballistic missiles, adding to streak of weapons tests
Blondie & Garfield - October 12, 2026
Banks race to ramp up AI defenses as deposits fall after cyberattacks
Taboola 후원링크