Industry
KT given breather from higher-than-expected number of retirees
April 22, 2014
South Korea's top fixed-line operator, KT Corp., is expected to get some relief from financial pressure as a significant number of workers applied for itsretirement program, analysts said Tuesday, although the effect of a streamlined workforce won't be long-lived.KT, also the country's No. 2 mobile carrier by market share, said 8,320 employees applied for its voluntary retirement program offered from earlier this month. The number is much higher than the anticipated 6,000.As those who have been