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KT given breather with higher-than-expected number of retirees

By Kang Yoon-seung SEOUL, April 22 (Yonhap) -- South Korea's top fixed-line operator, KT Corp., is expected to get some relief from financial pressure as a significant number of workers applied for its retirement program, analysts said Tuesday, although the effect of a streamlined workforce won't be long-lived. KT, also the country's No. 2 mobile carrier by market share, said 8,320 employees applied for its voluntary retirement program offered from earlier this month as of Monday. The number is much higher than the anticipated 6,000.

KT given breather from higher-than-expected number of retirees

By Kang Yoon-seung SEOUL, April 22 (Yonhap) -- South Korea's top fixed-line operator, KT Corp., is expected to get some relief from financial pressure as a significant number of workers applied for its retirement program, analysts said Tuesday, although the effect of a streamlined workforce won't be long-lived. KT, also the country's No. 2 mobile carrier by market share, said 8,320 employees applied for its voluntary retirement program offered from earlier this month. The number is much higher than the anticipated 6,000.

KT given breather from higher-than-expected number of retirees

By Kang Yoon-seung SEOUL, April 22 (Yonhap) -- South Korea's top fixed-line operator, KT Corp., is expected to get some relief from financial pressure as a significant number of workers applied for its retirement program, analysts said Tuesday, although the effect of a streamlined workforce won't be long-lived. KT, also the country's No. 2 mobile carrier by market share, said 8,320 employees applied for its voluntary retirement program offered from earlier this month. The number is much higher than the anticipated 6,000.

Carrier suspected of continuing banned subsidies through loophole

By Kang Yoon-seung SEOUL, April 21 (Yonhap) -- LG Uplus Corp., South Korea's only mobile carrier currently free from business suspension, is suspected of using loopholes to continue to give out subsidies in various disguised forms to allure new subscribers, industry watchers said Monday. The carrier, smallest of the three in the country, was reportedly found to be selling Pantech's Vega Secret Up smartphones for as low as 22,000 won (US$21.2) under certain conditions, far below the original factory price of around 950,000 won.

Pantech concerned over LG Uplus's price cut on its phone

By Kang Yoon-seung SEOUL, April 18 (Yonhap) -- Pantech Co., South Korea's smallest smartphone manufacturer, on Friday raised concerns over a mobile carrier's decision to cut the factory price of its smartphone, saying the two did not have an agreement on the matter. LG Uplus said it will slash the price of Vega Secret Up smartphones by 37 percent to 599,500 won (US$577.92) from the previous 954,800 won, claiming the move is meant to help Pantech expand its sales amid stagnant market conditions.

KT to carry out voluntary retirement

By Kang Yoon-seung SEOUL, April 8 (Yonhap) -- KT Corp., South Korea's No. 2 mobile carrier, said Tuesday it will accept voluntary retirement from senior employees in an apparent bid to tighten its belt as it is dragged down by lackluster performances. The company said it reached an agreement with its labor union to allow employees who have worked 15 years or more at KT to retire, which accounts for 23,000 of the current 32,000 workers. Applications will be accepted from Thursday to April 24.

KT to carry out voluntary retirement

By Kang Yoon-seung SEOUL, April 8 (Yonhap) -- KT Corp., South Korea's No. 2 mobile carrier, said Tuesday it will accept voluntary retirement applications from senior employees in an apparent bid to tighten its belt as it is dragged down by lackluster performances. The company said it reached an agreement with its labor union to allow employees who have worked 15 years or longer at KT to apply for retirement. Of the company's 32,000 workers, about 23,000 are estimated to be eligible to apply. Applications will be accepted from Thursday through April 24.

KT to carry out voluntary retirement

By Kang Yoon-seung SEOUL, April 8 (Yonhap) -- KT Corp., South Korea's No. 2 mobile carrier, said Tuesday it will accept voluntary retirement from senior employees in an apparent bid to tighten its belt as it is dragged down by lackluster performances. The company said it reached an agreement with its labor union to allow employees who have worked 15 years or more at KT to retire, which would cover about 23,000 of the current 32,000 workers. Applications will be accepted from Thursday to April 24.

SK Telecom apologizes for overnight service failure

By Kang Yoon-seung SEOUL, March 21 (Yonhap) -- South Korea's top mobile service provider SK Telecom Co. apologized Friday for an overnight service failure observed throughout the country, which left its 5.6 million users unable to use normal services. "We deeply apologize for any inconvenience caused by the service failure," the company said in its press release. "We will provide users with more details on compensation in the future."

SK Telecom apologizes for overnight service failure

By Kang Yoon-seung SEOUL, March 21 (Yonhap) -- South Korea's top mobile service provider SK Telecom Co. apologized Friday for an overnight service failure observed throughout the country, which left its 20 million users unable to use normal services. "We deeply apologize for any inconvenience caused by the service failure," the company said in its press release. "We will provide users with more details on compensation in the future."
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