SK Telecom Riding on SK Hynix's Memory Strength
Operating profit in SKT’s core telecom business for the third-quarter 2018 was down 13% with government-mandated tariff cuts introduced on Sept. 15, 2017 continuing to have a negative impact on mobile, which growth in IPTV and "Internet of Things" revenue partially offset. We continue to model and assess the business on the historical accounting standard given the company has yet to provide 2017 accounts with the new IFRS 15 accounting standard. The noncore business (excluding SK Hynix) reported...
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