Latest news with #Chey
Nikkei Asia
6 days ago
- Business
- Nikkei Asia
SK Group chairman proposes joint South Korea-Japan purchase of US gas
TOKYO -- SK Group Chairman Chey Tae-won, a heavyweight in South Korean business circles, has proposed that his country and Japan jointly purchase liquefied natural gas from the U.S. in response to Washington's pressure to buy more American goods. Chey told Nikkei Asia that he is proposing this idea to South Korean and Japanese businesses to tackle "trade issues" that both countries have with the U.S. Chey was speaking on the sidelines of the Future of Asia forum in Tokyo.
Korea Herald
27-05-2025
- Business
- Korea Herald
KCCI chair meets Japan PM, calls for closer trade ties
Korea Chamber of Commerce and Industry Chairman Chey Tae-won, who also heads SK Group, met with Japanese Prime Minister Shigeru Ishiba on Tuesday in Tokyo, calling for close economic cooperation between the two countries. The meeting came as Seoul and Tokyo mark the 60th anniversary of the normalization of diplomatic relations, according to the KCCI. Chey was joined by Park Il-joon, executive vice chairman of KCCI and Lee Hyung-hee, vice chairman of Seoul Chamber of Commerce and Industry and president of SK Supex Council. 'At a time when both Korea and Japan are facing difficulties due to the spread of global protectionism, including reciprocal tariffs from the US, there is a need for the two countries to deepen bilateral economic cooperation,' Chey was quoted as saying to Ishiba, requesting the Japanese government's support and attention for corporate activities for both countries. Chey also asked for Ishiba's interest in the upcoming APEC CEO Summit to be held in Gyeongju, North Gyeongsang Province, in October, hosted by KCCI. He also requested participation from leading Japanese companies. Following the meeting with Ishiba, Chey visited the Japan Chamber of Commerce and Industry, where he met with Chairman Ken Kobayashi. The visit was Chey's first to the JCCI in three years, with discussions centering on the upcoming bilateral chamber meeting and ways to enhance collaboration between the two organizations. The 14th chairs' meeting of the KCCI and JCCI is expected to take place in South Korea later this year. Chey is also expected to attend the 30th Nikkei Forum on the Future of Asia from Thursday to Friday. Last year, he participated as a speaker and stressed the importance of Korea-Japan cooperation.
Korea Herald
07-05-2025
- Business
- Korea Herald
SK chief apologizes over SK Telecom data leak
Chey Tae-won calls hacking incident national security issue, pledges reform SK Group Chairman Chey Tae-won apologized on Wednesday for a recent hacking incident at SK Telecom that led to a massive data leak, pledging to bolster cybersecurity across the conglomerate's affiliates. Chey's apology came 19 days after the country's largest mobile carrier with 25 million subscribers -- nearly half of Korea's population -- disclosed that it had suffered a cyberattack and subsequent data breach of customers' USIM data on April 18. The data breach, caused by a malware attack inside a key internal system called the Home Subscriber Server, resulted in the leak of about 9.7 gigabytes of data. As of now, the exact cause and the identity of the attacker have not been officially confirmed. 'I sincerely apologize on behalf of SK Group for causing concern and inconvenience to our users and the public due to a cyberattack at SK Telecom,' Chey said at a press conference held at SK Telecom's headquarters in Seoul. Chey acknowledged the difficulties customers have faced, including long waits at retail stores to receive new USIM cards, and expressed regret at the company's inadequate communication and response following the incident. 'We will fully cooperate with the government investigation to identify the cause of the breach and to prevent further damage to customers,' Chey said. 'Separately, we will inspect the overall cybersecurity system of all SK affiliates and expand investment in security systems.' He also announced that the company will set up a new information protection innovation committee, comprising outside experts. SK Group plans to set up the new committee under the Supex Council, the conglomerate's top decision-making body. 'It is crucial that we properly establish a security system and address the issue not just as a security issue, but as one that concerns national security and lives,' he said. At the press conference, Chey revealed that he has not replaced his own USIM card but is subscribed to the company's USIM Protection Service. The company asserts that the USIM Protection Service effectively blocks the use of illegally cloned USIM cards on other devices, providing the same level of protection as physically replacing the USIM. As of Wednesday, all 24.11 million eligible customers have joined the USIM protection service, according to the company. About 1 million users remain unenrolled, as the service is currently incompatible with international roaming plans. The company said it is upgrading its system to allow users to use both services by May 14. Meanwhile, some 1.07 million users have switched their USIM cards so far. The company began offering free USIM chip replacements to all users on April 28, but the swap process has been hampered by overwhelming demand and a supply crunch. The company said it plans to secure around 5 million additional USIM cards this month and another 5 million in June, vowing to speed up the replacement process. Following the hacking incident, SK Telecom has experienced a user exodus to its main rivals, KT and LG Uplus. Amid growing calls to waive early termination fees for users, Chey said the issue is still under review. 'I also hope this issue will be resolved in a way that causes no inconvenience to customers,' said Chey. 'Concerns over user fairness and legal matters must also be reviewed. SK Telecom's board of directors is currently discussing the matter.'
Yahoo
07-05-2025
- Business
- Yahoo
SK Group Chairman Chey apologises for massive data leak at SK Telecom
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways SEOUL (Reuters) -SK Group Chairman Chey Tae-won apologised on Wednesday for a massive data leak at South Korea's largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial information. The data breach, which SK attributed to a malware attack, was detected on April 18 and subscribers have rushed to the carrier's outlets to replace mobile phone Universal Subscriber Identity Module (USIM) cards, which the company is offering free of charge. Speaking publicly for the first time since the news, Chey apologised for the concern and inconvenience to customers caused by the data breach and vowed to conduct a sweeping data security review involving outside experts. "What I realised over this is that we've considered it an IT security matter and had people in that area handle it," Chey said when asked what he personally took away from the incident. "I believe we need to look at this as a matter of national defence, not just (data) security." SK Telecom has urged customers to sign up for its USIM Protection Service, which it said provided the same level of prevention as replacing a USIM card. Chey said he has signed up for the service but has not had his USIM card replaced yet. (Reporting by Jack Kim, Heekyong YangEditing by Ed Davies)
Yahoo
07-05-2025
- Business
- Yahoo
SK Group Chairman Chey apologises for massive data leak at SK Telecom
The logo of SK Hynix is seen at its headquarters in Seongnam SEOUL (Reuters) -SK Group Chairman Chey Tae-won apologised on Wednesday for a massive data leak at South Korea's largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial information. The data breach, which SK attributed to a malware attack, was detected on April 18 and subscribers have rushed to the carrier's outlets to replace mobile phone Universal Subscriber Identity Module (USIM) cards, which the company is offering free of charge. Speaking publicly for the first time since the news, Chey apologised for the concern and inconvenience to customers caused by the data breach and vowed to conduct a sweeping data security review involving outside experts. "What I realised over this is that we've considered it an IT security matter and had people in that area handle it," Chey said when asked what he personally took away from the incident. ADVERTISEMENT "I believe we need to look at this as a matter of national defence, not just (data) security." SK Telecom has urged customers to sign up for its USIM Protection Service, which it said provided the same level of prevention as replacing a USIM card. Chey said he has signed up for the service but has not had his USIM card replaced yet. (Reporting by Jack Kim, Heekyong YangEditing by Ed Davies)
