Yonhap News AgencyApril 22, 2014 09:45
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.