South Korea’s top three telecoms saw Q3 operating profit plunge nearly 40% to 748.3 billion won, hit by hacking fallout and restructuring costs, with further losses expected in Q4.
#YonhapInfomax #SKTelecom #KT #LGUplus #OperatingProfit #HackingIncident #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90006

South Korea’s Financial Supervisory Service will launch a regular audit of Lotte Card from November 10, advancing its schedule after a major hacking incident, with a focus on internal controls and management oversight.
#YonhapInfomax #FinancialSupervisoryService #LotteCard #HackingIncident #InternalControls #RegularInspection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89814

LG Uplus is expected to report a 42% plunge in Q3 operating profit due to one-off retirement costs, with further risks from a recent hacking incident clouding its outlook.
#YonhapInfomax #LGUplus #OperatingProfit #HackingIncident #OneOffCosts #ShareholderReturns #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89207

SK Telecom is set to report a sharp Q3 profit decline due to hacking-related compensation and record fines, with analysts warning of possible losses and dividend cuts.
#YonhapInfomax #SKTelecom #OperatingProfit #HackingIncident #DividendCut #SubscriberChurn #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=88086

KT Corp. CEO Kim Young-seop apologized for lax femtocell management leading to a major hacking incident, signaling possible resignation and pledging compensation for affected customers, as lawmakers demand accountability and comprehensive review of the company’s network security.
#YonhapInfomax #KTCorp #Femtocell #HackingIncident #Compensation #NetworkSecurity #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86552

US cybersecurity firm F5 Inc. shares plunged 10% after disclosing a sophisticated hacking incident, with some reports linking the breach to China-backed groups; US authorities have issued urgent security directives.
#YonhapInfomax #F5Inc #Cybersecurity #HackingIncident #SharePrice #ChinaLinkedGroup #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86021

Lotte Card has completed protection measures for 220,000 customers after a hacking incident, with 80,000 card cancellations and no confirmed fraud losses to date.
#YonhapInfomax #LotteCard #HackingIncident #CardReissuance #CustomerProtection #FraudPrevention #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84525

KT Corp. is considering waiving early termination penalties for both affected and non-affected subscribers following a major hacking incident, pending investigation results, as CEO Kim Young-seop faces scrutiny over server disposal and femtocell management at a National Assembly hearing.
#YonhapInfomax #KTCorp #HackingIncident #PenaltyWaiver #FemtocellManagement #NationalAssemblyHearing #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83253

KT Corp. is expected to post solid Q3 results on 5G and B2B growth, but a recent hacking incident raises concerns over potential Q4 earnings and reputational risks.
#YonhapInfomax #KTCorp #Q3Earnings #5GSubscribers #HackingIncident #OperatingProfit #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82786

South Korea's Prime Minister Kim Min-seok will convene an emergency meeting to address recent large-scale hacking incidents at KT Corp. and Lotte Card Co., following President Lee Jae-myung's call for comprehensive countermeasures as millions of customers' data were compromised.
#YonhapInfomax #KT #LotteCard #HackingIncident #DataBreach #PresidentLeeJaeMyung #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82727

Lotte Group has strongly protested to Lotte Card, now owned by MBK Partners, over brand damage and customer confusion following a hacking incident, emphasizing that Lotte Card is no longer a group affiliate and urging swift action to protect affected customers.
#YonhapInfomax #LotteGroup #LotteCard #MBKPartners #BrandValue #HackingIncident #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82711

KFTC has suspended Lotte Card number entry transactions on government payment platforms following a hacking incident, with alternative payment methods and automatic payments unaffected.
#YonhapInfomax #KFTC #LotteCard #HackingIncident #PaymentSuspension #SimplePaymentServices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82633

South Korea's Financial Services Commission will introduce punitive fines for financial institutions facing security breaches, with Vice Chairman Kwon Dae-young vowing strict sanctions and urgent system reviews following the recent Lotte Card hacking incident.
#YonhapInfomax #FinancialServicesCommission #SecurityBreach #PunitiveFines #LotteCard #HackingIncident #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82527

South Korea’s major telecom stocks have rebounded sharply despite ongoing government probes into recent hacking incidents, with SK Telecom and KT recovering most of their market value losses as investors focus on fundamentals and share buybacks.
#YonhapInfomax #SKTelecom #KTCorp #MarketCapitalization #HackingIncident #ShareBuyback #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82300

Lotte Card skipped a key meeting with South Korea's financial watchdog chief to focus on recovering from a recent hacking incident, as regulators stress CEO accountability and the company prepares for organizational restructuring and compensation measures.
#YonhapInfomax #LotteCard #HackingIncident #FinancialSupervisoryService #OrganizationalRestructuring #CEOAccountability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82024

Lotte Card withdrew from a key FSS consumer protection meeting to focus on managing a recent hacking incident, as on-site investigations into potential data breaches continue.
#YonhapInfomax #LotteCard #FinancialSupervisoryService #HackingIncident #ConsumerProtection #DataBreach #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80962

Financial Supervisory Service Governor Lee Chan-jin has launched an emergency response and ordered a full review of management systems after the Lotte Card hacking incident, emphasizing strict sanctions and enhanced consumer protection.
#YonhapInfomax #LotteCard #FinancialSupervisoryService #HackingIncident #ConsumerProtection #EmergencyResponseSystem #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=79803

South Korea's Financial Supervisory Service has launched an on-site inspection at Lotte Card after a hacking incident, with authorities investigating a potential 1.7GB data breach and no confirmed customer information leak as of yet.
#YonhapInfomax
#LotteCard #FinancialSupervisoryService #HackingIncident #DataBreach #CustomerInformation
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=79760

South Korea's financial regulator launches on-site investigation into Lotte Card hacking, with customer data breach under scrutiny.
#YonhapInfomax
#FSS #LotteCard #HackingIncident #CustomerData #Investigation
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=79757

NH Korindo Securities, the Indonesian arm of NH Investment & Securities, faces mounting losses and a halved book value despite ₩82.3 billion in capital injections, amid repeated risk management failures, legal defeats, and a major hacking incident.
#YonhapInfomax #NHKorindoSecurities #RiskManagement #NonPerformingLoans #HackingIncident #BookValueHalved #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71683