SK Telecom's stock price is down more than 2% in the early trading.
According to the Korea Exchange on the 2nd, as of 9:27 a.m. that day, SK Telecom's stock price recorded a decline of 2.03% from the previous trading day, reaching 53,200 won.
After the SIM card hacking incident, SK Telecom's stock, which had been weak for days, seemed to bounce back with a 1.69% increase on the 30th of last month, but it turned back to a downward trend.
The government's blocking of new subscriber recruitment has become a negative factor. The day before, the Ministry of Science and ICT administrative guided a complete halt to recruiting new mobile communication subscribers until the shortage of SIM cards is resolved.
Administrative guidance, which corresponds to recommendations made by administrative agencies to corporations, has weaker enforcement compared to administrative actions or orders that have legal effect, but it cannot be said to have no binding force at all.
Meanwhile, for SK Telecom, which saw a net loss of about 70,000 subscribers on the 28th and 29th of last month, being blocked from attracting new subscribers has made a decline in market share unavoidable for the time being.