SK Telecom Plunges 14.88% Amid Data Breach, Partnership Woes

On April 25, 2025, SK Telecom's stock experienced a significant drop of 14.88% in pre-market trading, raising concerns among investors and analysts alike.

SK Telecom has been under scrutiny following a suspected data breach, which has led to a thorough investigation by the company. The incident involved a hacking attempt on the company's internal systems, prompting SK Telecom to respond swiftly to mitigate any potential damage. The company has cited the need for a thorough analysis as the reason for the delay in reporting the incident beyond the legal time limit.

Additionally, SK Telecom has been facing challenges related to its partnership with Kakao. The sale of shares by Kakao has resulted in a significant drop in SK Telecom's stock price, adding to the company's woes. This development has raised questions about the stability of the partnership and its impact on SK Telecom's future prospects.

Furthermore, the company has been dealing with consumer complaints related to its streaming service, Tving. The ban on account sharing outside of the household has led to a surge in complaints, further complicating SK Telecom's efforts to address its current challenges.