Overview
- Second-quarter net profit plunged 76.2% year-on-year to 83.2 billion won and operating income fell 37.1% to 338.3 billion won on 4.33 trillion won in sales
- Management attributed the collapse to one-off costs of over 1 trillion won covering USIM replacements for all 25 million subscribers and retail outlet compensation
- In June the company rolled out a 1 trillion won compensation and cybersecurity investment package and resumed new customer sign-ups in late June
- Regulators imposed fines under the Personal Information Protection Act and ordered comprehensive security overhauls following the April breach
- Sales in the AI data center segment rose 13.3% to 108.7 billion won and the AI transformation division increased 15.3% to 46.8 billion won, and a Ulsan AI data center with AWS is slated to begin operations in 2027