SK Telecom and LG Uplus both see double-digit profit jumps in Q3

SK Telecom announced on Thursday it has posted operating income of 361.5 billion won and sales of 4.73 trillion won for the third quarter.

It is an increase of 19.7% and 3.7%, respectively, from the same quarter a year ago.

SK Telecom said its media, security, and commerce businesses combined contributed 1.52 trillion won in sales, which was nearly a 19% increase year-on-year.

The three businesses together also contributed 100 billion won in operating income, a rise of 40.3% year-on-year.

These businesses benefitted from the rise in demand for remote services in light of the COVID-19 pandemic, SK Telecom said.

The telco explained that during the quarter it bolstered the content on its IPTV service to spur growth for its media business, while customer demand for its security business’ facial recognition, temperature measurements, and walk-through gates soared.

Its commerce business’ online shopping malls were also strengthened during the quarter through

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