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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."

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."

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."

Watchdog to probe telecom retailers on personal data management

SEOUL, March 20 (Yonhap) -- South Korea's telecom watchdog said Thursday it has opened an investigation into mobile carriers' retail shops across the country to root out any abuse of personal information. The Korea Communications Commission (KCC)'s move follows a series of alarming data leaks from mobile carriers amid increasing number of smartphone users.

Mobile carriers to self-regulate overheated market

SEOUL, March 20 (Yonhap) -- South Korea's mobile carriers said Thursday they will establish a joint surveillance team to eradicate the chronic problem of subsidies that have brought on a series of business suspensions and fines by the government. The country's three mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Inc. -- issued a joint statement at the Ministry of Science, ICT and Future Planning admitting they have distorted the market with their overheated battle to attract new users.
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