SK Telecom faced a major cybersecurity breach affecting up to 26.9 million customers earlier this year.
The breach occurred in summer 2022 but was only disclosed in April after being reported to KISA.
23 of SKT's servers were impacted, potentially exposing 9.32 gigabytes of USIM-related data.
26.9 million IMSI numbers were compromised in the breach.
SKT offered free USIM card replacements to affected customers, leading to a nationwide shortage of USIMs.
SKT paused new subscriber acquisitions due to the USIM shortage, following government advice for two months.
The Ministry of Science and ICT in South Korea lifted the administrative guidance, allowing SKT to resume acquiring new subscribers after securing sufficient USIM stock.
SKT received approval to onboard new customers and continues to prioritize USIM replacements for affected subscribers.
Despite the progress, SKT's CEO estimates a potential loss of up to 2.5 million customers to rival operators, leading to a projected revenue loss of up to $5 billion over three years.