SK Telecom changes president following hacking fiasco

SK Telecom named its chief governance officer as new president Thursday, months after a hacking incident exposed the data of 25 million customers. SK Group said SK Telecom’s CGO, Jung Jai-hun, has been appointed as the company’s new president. Ryu Young-sang, who had served as president since 2021, has moved to the SK SUPEX Council, where he now leads the artificial intelligence (AI) committee. The council, comprising the CEOs of SK subsidiaries, serves as the group’s control tower and sets overall strategies. Under its new leader, SK Telecom has been reorganized into two company-in-company (CIC) units focused on telecommunications and artificial intelligence (AI), respectively. Han Myung-jin, CEO of the group’s investment arm SK Square, now heads the telecommunications CIC. He is tasked with strengthening SK Telecom’s competitiveness and restoring public trust after the data breach, which drew strong backlash from customers and lawmakers. The reshuffle is part of the group’s broader reorganization of top executives across key subsidiaries, intended to elevate leaders with ex