On the 28th, KT and LG Uplus stocks are strong. This is interpreted as a growing expectation of indirect benefits due to the hacking incident involving SK Telecom.

Ryu Young-sang, CEO of SK Telecom, holds a briefing on strengthening customer information protection measures at the SKT Tower in Jung-gu, Seoul, on Nov. 25, and is bowing his head in apology for the hacking of SK Telecom users' USIM information. /Courtesy of News1

As of 9:55 a.m. on the 28th, KT is trading at 51,600 won, up 1,400 won (2.79%) from the previous trading day in the securities market. It was also traded at 52,000 won early in the session, breaking the highest price of the year.

At the same time, LG Uplus is also trading at 11,850 won, up 370 won (3.22%) from the previous trading day.

As it has been reported that the competitor SK Telecom has been attacked by hackers, the expectation of indirect benefits from the resulting customer and investor attrition seems to have increased.

Earlier, SK Telecom noted on the 22nd that a malicious code by a hacker had caused a leakage of USIM information. Currently, the Ministry of Science and ICT is investigating the cause and extent of the incident, but it is known that the type of hacked information has not been identified.

As a result of the hacking attack, SK Telecom is trading at 55,200 won, down 2,600 won (4.5%) from the previous trading day at the same time.