KT CEO apologizes for mismanagement of cellular base stations

KT CEO Kim Young-shub on Wednesday admitted to the mobile carrier’s mismanagement of miniaturized cellular base stations, called femtocells, which became the main loophole exploited for a series of unauthorized mobile payment fraud cases targeting its users. He promised the telecom's full-fledged efforts to address the aftermath of the breach. In response to controversy over repeated reversals in its disclosures to the authorities, the CEO said the company had no intention of downplaying the significance of the incident. “There were several loopholes in (our) management practices of femtocells, and the process of recollecting (inactive) devices was also inadequate,” Kim said during a National Assembly hearing in Seoul. “We are deeply sorry for causing an unexpected incident related to unauthorized payments, which unsettled not only our customers but also the wider public.” The mobile payment breach came to light earlier this month after police began investigating unauthorized charges affecting KT users in parts of Seoul and Gyeonggi Province. The incident alarmed the public afteWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times