Knowing stock market today at a glance

SK Telecom Plunges 14.88% Amid Data Breach, Partnership Woes

Mover TrackerFriday, Apr 25, 2025 5:10 am ET

1min read

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.

Comments

Add a public comment...

Post

Pin-Last

04/25

SKT's dip looks overdone. Data breaches happen. They'll bounce back after dust settles. Long-term play for me. 📈

bottomline77

Data breach panic selloff overblown, long-term play here

Jera_Value

SKT's got tech chops, but PR nightmares aren't helping. Damage control mode activated.

AGailJones

14.88% drop? Market overreacts. SKT will adapt. Partnerships fixable. Keep eyes on long-term strategy.

HJForsythe

SKT's got more problems than a meme stock short squeeze. Data breaches and partner drama? Oof, not a good look.

Excellent-Win-4625

Tving drama just noise, focus on core biz

stanxv

Kakao's move was a shock. SKT's got to reevaluate partnerships. Smarten up or slip further.

Elichotine

SKT's got issues, but Kakao tie-in still valuable

Phuffu

Data breaches hit hard, but SKT's response seems solid. Transparency is key. Will they regain trust?

Qwazarius

Investors running for the hills after that 14.88% drop. Anyone holding long here? 🤔

Liteboyy

Investors be like 🤨. SKT's got potential, but this Kakao drama ain't helping. Time to hedge bets?

OneTrickPony_82

@Liteboyy How long you been holding SKT? Thinking of going long or just hedging?

NEYO8uw11qgD0J

Tving's account sharing ban is a head-scratcher. Consumers aren't happy, but maybe a short-term blip?

Seth Klarman

@NEYO8uw11qgD0J Consumers mad, but SKT gotta pivot.

NRG1788

Anyone else holding SKT? I'm thinking the dip's a chance to buy low. Risky, but could be juicy.

Interesting_Award_86

Holding $SKT, betting big on 5G growth 🚀

floorborgmic

@Interesting_Award_86 How long you holding $SKT? Thinking of going long myself, curious about your experience with them.

RYDrDIE

Damn!!the Peak Seeker algorithm successfully identified both trough and apex inflection points in SKM equity's price action, while my execution latency resulted in material opportunity cost.