SK Telecom Co Ltd. (SKM), a South Korean telecom company, on Wednesday reported a steep decline in net profit for the second quarter, due to one-time costs, including customer SIM card replacements and retail stores' loss compensation.
For the second quarter, the company posted a net profit of KRW 83 billion, less than the KRW 350 billion in the same period last year. Operating income also declined to KRW 338 billion from the prior year's KRW 538 billion.
Revenue was KRW 4.339 trillion, down from the previous year's KRW 4.422 trillion.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.