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SK Telecom Suffers $643M Market Loss as Users Flee Following Massive SIM Breach

admin2 days ago09 mins

Customers queue outside an SK Telecom office in Seoul at noon on April 29 to swap out their SIM cards. [YONHAP] [NEWS ANALYSIS] Following a mass exodus of subscribers and a significant decrease in market capitalization totaling 923.6 billion won ($643.2 million), South Korea’s leading wireless provider, SK Telecom (SKT), is suffering major repercussions due…