SK Telecom gains 342,000 users in January amid KT fee waiver

SK Telecom gained 342,000 customers through mobile number portability last month, boosted by KT's waiver of early termination fees following a major data breach. This marked a 184.7 percent increase from the previous month, with most switchers coming from KT. The fee waiver was part of KT's compensation measures after a September data leak that led to unauthorized micropayments.

SK Telecom Co., South Korea's largest mobile carrier, added 342,000 customers via mobile number portability (MNP) in January 2026, according to data from the Korean Telecommunications Operators Association. This represented a 184.7 percent rise, or 222,000 more users, compared to December 2025. MNP allows subscribers to switch operators while keeping their phone numbers.

Of these, 221,000 came from KT Corp., up from 45,000 the previous month, and 73,000 from LG Uplus Corp. LG Uplus, the third-largest operator, gained 183,000 users overall, a 102.3 percent monthly increase, including 80,000 from KT.

KT's MNP inflows rose 53.2 percent to 121,000 users in January. The company waived early termination fees for two weeks starting December 31, 2025, as part of its compensation for a major data breach reported in September 2025, which caused unauthorized micropayments.

This breach eroded customer trust in KT, leading to significant outflows to rivals. The results highlight intense competition in the South Korean telecom market.

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Dramatic illustration depicting the Coupang data breach, with data spilling from a cracked digital vault and investigators on scene.
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Coupang data breach spanned June to November

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A massive data breach at e-commerce giant Coupang exposed personal information of 33.7 million customers from June 24 to November 8. Officials revealed the attacker exploited the company's electronic signature key, prompting a thorough government investigation. The incident has heightened public concerns over South Korea's data protection capabilities.

KT Corp. has decided to waive contract cancellation fees for customers affected by a major data breach in September. A government investigation revealed that poor management of femtocells caused the incident. The company also announced additional compensation measures and plans to bolster security.

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South Korea launched a trial on Tuesday for a new policy requiring real-time face recognition when registering mobile phone numbers, aiming to curb scams using illegally registered accounts. The policy, set for official launch in March, applies to major carriers and virtual operators.

South Korean e-commerce leader Coupang has finalized a nearly $1.2 billion settlement (1.68 trillion won) to compensate 33.7 million users hit by its November 2025 data breach. While following last week's voucher plan announcement, the terms have faced backlash from stakeholders who argue they fall short of addressing the damages.

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South Korean companies reported improved growth and profitability in the third quarter, driven by robust semiconductor exports amid an AI boom. The Bank of Korea's data shows combined sales rose 2.1 percent year-on-year, reversing a prior decline. Key factors included rising exports of high-value products like HBM and DDR5.

Foreign ownership of South Korean stocks hit 37.18% of total market capitalization in January, the highest in nearly six years. This surge was driven by net purchases in the shipbuilding, defense, and nuclear power sectors. Data from the Korea Exchange shows it as the peak since April 2020.

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South Korea's National Assembly launched a two-day hearing on Tuesday, December 30, to investigate Coupang's massive data breach affecting 33.7 million customers, following the presidential office's emergency meeting last week. Disputes persist between the government and company over the breach's scope, with the main opposition party boycotting the proceedings.

 

 

 

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