The chief executive of SK Telecom, South Korea's top mobile operator, said on July 06, he expects the firm will meet its 2005 sales target but added record fines for unfair competition will cut into earnings.
SK Telecom Co has targeted 10 trillion won ($9.5 billion) in sales this year, little changed from 9.7 trillion won a year ago, as it battles smaller rivals KTF and third-ranked LG Telecom Co Ltd in an increasingly saturated market.
The information ministry fined SK Telecom a record 23.1 billion won ($22.80 million) in May for unfairly subsidising mobile phone costs for new subscribers.
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