SK Telecom's first profit decline in three quarters
KeywordsSlipped telecom company SK Telecom SK Telecommunications
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C114 Beijing time January 28 Morning News (Zhang Yuehong) South Korea's largest mobile operator SK Telecom issued its first profit decline in three quarters, and recently SK Telecom has launched a series of promotional activities to attract users of rival South Korea Telecom and LG Telecom. Net profit of 244.2 billion won in the quarter, compared with 263.1 billion won in the same period last year 7.2%,sk Telecom said in today's announcement that sales have increased by 3.1% to 3.1 trillion won. SK Telecom's local rival, South Korea's telecoms company, introduced the iphone since November 28, 2009, triggering a price war and forcing South Korean handset makers to launch new models with rich content and better service. South Korea's three largest mobile operators, the smallest of the South Korean LG Telecom, also said earlier this year, South Korea's three operators should avoid excessive spending on promotional activities. SK Telecom is betting on mobile internet and new business sales to offset the growing growth of new users, with more than 95% of users in the South Korean market currently owning a mobile phone, SK Telecom plans to speed up smartphone development in 2010.
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