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South Korea's Consumer Agency to Order SK Telecom to Compensate 58 Hacking Victims
The Korea Consumer Agency ordered SK Telecom to pay 100,000 won per user after a breach affecting 23 million users, with total compensation estimated at 2.3 trillion won.
- On Sunday, Korea's state-run consumer agency ordered SK Telecom to compensate 58 consumers who sought dispute mediation after a data breach earlier this year.
- SK Telecom disclosed in April that it suffered a universal subscriber identity module data leak and offered free USIM replacements, while the Personal Information Protection Commission fined SK Telecom 134.8 billion won in August.
- The agency ordered SK Telecom to provide a 50,000 won monthly subscription fee reduction plus 50,000 won in credits usable as cash equivalents, totaling 100,000 won per user.
- If SK Telecom accepts the verdict within 15 days, the agency will arrange compensation for consumers who did not participate, emphasizing that telecom holds responsibility for individual damages.
- The agency's calculation of about 2.3 trillion won exceeds SK Telecom's 2024 net profit of 1.43 trillion won and equals roughly 13 percent of its 2024 sales of 17.94 trillion won.
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Total News Sources13
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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