Kim Young-shub, KT CEO, said at the National Assembly Science. ICT. Broadcasting. and Communications Committee audit on the 21st that, regarding the recent small-amount payment hacking and personal information leak, "We will decide whether to fully waive termination fees after reviewing the results of the government and police investigations."
Kim said, "We are providing 100% compensation for monetary damages to customers whose personal information was leaked," adding, "We are also reviewing additional compensation measures such as support for USIM and device replacement and insurance enrollment."
On the day, Chairperson Choi Min-hee of the committee asked, "If the government later recognizes KT's fault and determines that a full waiver of termination fees for all customers is necessary, but KT does not comply, is a business suspension possible under Article 28, Paragraph 1 of the Telecommunications Business Act?"
Ryu Je-myeong, second vice minister of the Ministry of Science and ICT, answered, "Yes." Chairperson Choi pointed out that, unlike SK Telecom, which waived termination fees for all customers even without hacking damage, KT keeps repeating that it is "under review." The National Assembly Research Service said there is a potential violation of KT's basic obligations, citing monetary damages and the possibility of additional leaks.
Kim also stated his position on whether he would resign, taking responsibility for the hacking incident. He said, "As I bear overall management responsibility, it is appropriate to take reasonable responsibility after stabilizing the situation to a certain extent."