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Telecom stocks in spotlight on hopes of earnings recovery

Telecom stocks are drawing attention due to their potential for an earnings rebound in 2023, after major mobile carriers suffered severe stock price falls last year. According to data from market tracker FnGuide, the combined operating profit of Korea s top three mobile carriers ― SK Telecom, KT and LG Uplus ― is forecast to rise by 7.43 percent in 2023 from the previous year on hopes of sales growth and falling marketing costs. ....

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