SK Telecom (SKM)

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SK Telecom Expands 'X Caliber' Veterinary Diagnosis Assistant to Three Major Southeast Asian Markets
Prnewswire· 2024-07-30 00:12
X Caliber is now available at Happy Pet Hospital in Bangkok, Thailand, starting this month. Happy Pet is a fullservice veterinary hospital offering a comprehensive array of pet care services, including a pet park, pet taxi and a pet shop. The pet market in Southeast Asia is experiencing rapid growth. Market research firm GlobalPETS estimated the market size at USD 3.3 billion in 2023, with a compound annual growth rate of 13 percent over the past five years. ### The signing ceremony was held at Federation o ...
KT vs. SKM: Which Stock Is the Better Value Option?
ZACKS· 2024-07-16 16:46
Both KT Corp. and SK Telecom have a Zacks Rank of # 2 (Buy) right now. Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. But this is only part of the picture for value investors. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety o ...
SKT Launches AI-powered Veterinary Diagnostic Assistance Service X Caliber in Australia
Prnewswire· 2024-05-29 00:26
X Caliber is an innovative service that uses AI to analyze X-ray images of dogs/cats within around 15 seconds. Since X Caliber uses cloud to store and retrieve data, there is no need to install a separate server within the hospital. Veterinarians can examine the results of the AI-based image diagnosis on their mobile devices or PCs anywhere, anytime. The sensitivity of X Caliber stands at 86-94%: 94% for detection of 16 different abnormal patterns from abdominal X-ray images of dogs; 88% for detection of 10 ...
SK Telecom (SKM) - 2024 Q1 - Earnings Call Transcript
2024-05-08 17:14
Financial Data and Key Metrics - Consolidated revenue for Q1 2024 was KRW 4,474.6 billion, up 2.3% YoY [10] - Operating income was KRW 498.5 billion, similar to the previous year [10] - Net income was KRW 361.9 billion [10] - Non-consolidated revenue was KRW 3,188.7 billion, up 2.3% YoY [10] - Non-consolidated operating income and net income were KRW 436.4 billion and KRW 492.1 billion, respectively [10] Business Line Performance - Data center revenue grew 26% YoY, driven by increased utilization rates [11] - MNO business had 15.93 million subscribers, accounting for 70% of the total subscriber base [14] - SK Broadband's pay TV and broadband subscribers reached 9.59 million and 6.99 million, respectively [14] - Enterprise business grew approximately 10% YoY, with cloud business revenue up nearly 40% [15] - Enterprise AI business, including big data and Vision AI, grew more than 10% YoY [15] - ifland MAU reached 2.46 million, with average user duration increasing to 90 minutes [18] - T Universe MAU exceeded 2.6 million, driven by the popularity of the YouTube premium package [18] Market Performance - The company is expanding its Global Telco AI Alliance (GTAA), which includes 1.3 billion subscribers across 50 countries [13] - Roaming usage grew 1.6x YoY compared to Q1 2019, with family roaming subscribers increasing 46% QoQ [48][55] - The company expects roaming usage to grow further in 2024, driven by family roaming and youth plan promotions [48][55] Strategic Direction and Industry Competition - The company is transitioning to become a global AI company, focusing on the AI Pyramid Strategy [8][9] - The AI Pyramid Strategy includes AI infrastructure, AIX (transforming MNO and enterprise businesses), and AI services [26][27][43] - The company is collaborating with SK Group entities to enhance AI data center capabilities, including liquid immersion technology and AI chips [12] - The GTAA aims to develop a telco-specific large language model (LLM) and expand globally [13][53] - The company is targeting the B2B market with AI products like TransTalker and AI Copywriter [46][64] Management Commentary on Business Environment and Future Outlook - The company is committed to maintaining stable cash dividends while balancing investments for growth [3][29] - The new shareholder return policy aims to return more than 50% of adjusted net income on a consolidated basis [19][29] - The company plans to improve profitability and efficiency through AI technology in its fixed and mobile business [14][52] - The company expects to achieve economies of scale and strengthen negotiating power against big tech companies through the GTAA [13][53] - The company is optimistic about the roaming business, expecting 2024 to be the first year since the pandemic where outbound travel reaches 2019 levels [45][57] Other Important Information - The company announced a medium-term shareholder return policy, with a DPS of KRW 831 for Q1 2024, the same as the previous year [19] - The company is planning to double its data center capacity to over 200 megawatts by 2030 [63] - The company is focusing on multi-cloud and AI cloud business growth, driven by the popularity of ChatGPT [63] Q&A Session Summary Question: Capital Allocation and AI Investment - The company is balancing shareholder returns with investments for growth, particularly in AI [23][24] - The company plans to allocate resources for AI investments while maintaining a stable dividend trend [29][32] - The size of AI investments will depend on opportunities that align with the company's AI strategy [54] Question: MNO Business Strategy - The company is focusing on pricing and differentiated services to grow the MNO business [25] - AI technology will be used to enhance operational efficiency and customer experience [25][52] Question: AI Pyramid Strategy Achievements and Plans - The GTAA has been launched with founding members including Deutsche Telekom, e&, Singtel, and SoftBank [53] - The company plans to expand the GTAA and develop a telco-specific LLM [13][53] - The company is targeting global expansion of its AI services, including the PAA (Personal AI Assistant) [27] Question: Roaming Business Outlook - Roaming usage has grown significantly, with family roaming subscribers increasing 46% QoQ [55] - The company expects further growth in roaming usage in 2024, driven by promotions and differentiated services [48][55] Question: Enterprise Business Performance - Enterprise revenue grew 9% YoY in Q1 2024, driven by data center utilization and cloud contracts [59] - The company expects continued growth in the data center and cloud business, with a focus on multi-cloud and AI cloud [63] Question: Shareholder Return Policy - The new shareholder return policy aims to return more than 50% of adjusted net income on a consolidated basis [19][29] - The company will maintain a stable dividend trend and consider share buybacks when the stock is undervalued [3][29]
SK Telecom (SKM) - 2023 Q4 - Annual Report
2024-04-29 10:55
Debt and Financial Obligations - As of December 31, 2023, 14.8% of the company's total outstanding long-term debt was denominated in foreign currencies, primarily in Dollars, while most revenue and operating expenses were in Won[362]. - The company has repayment obligations of W1,622.5 billion in 2024 and W2,419.1 billion in 2025 for long-term borrowings and bonds[372]. - Total contractual cash obligations as of December 31, 2023, amounted to W13,555.5 billion, with significant payments due in the next five years[381]. Capital Expenditures - The company's capital expenditures for 2023 totaled W2,973.9 billion, with 46.4% allocated to wireless networks, including 5G and LTE[366][367]. - Planned capital expenditures for 2024 are expected to be similar to 2023, focusing on expanding the 5G network, maintaining LTE, and developing AI-related technologies[371]. - The company expects to spend a similar amount on capital expenditures in 2024 as in 2023, with a focus on AI technology integration across various business areas[371]. Investments and Acquisitions - The company acquired a 100% interest in SK M&Service for W72.9 billion in February 2022 to enhance online distribution capabilities[374]. - In June 2023, the company invested US$100 million in Joby Aviation Inc. to develop emissions-free aerial ridesharing services[375]. Dividends and Cash Flow - Total cash outflows for dividends amounted to W773.8 billion in 2023, down from W904.0 billion in 2022[378]. Defined Benefit Obligations - The present value of defined benefit obligations as of December 31, 2023, was W1,121.7 billion, offset by defined benefit plan assets of W1,292.4 billion, resulting in net defined benefit assets of W170.7 billion[377].
SK Telecom (SKM) - 2024 Q1 - Quarterly Report
2024-02-22 11:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE MONTH OF FEBRUARY 2024 Commission File Number: 333-04906 SK Telecom Co., Ltd. (Translation of registrant's name into English) 65, Euljiro, Jung-gu Seoul 04539, Korea (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or For ...
SK Telecom (SKM) - 2023 Q4 - Earnings Call Transcript
2024-02-05 15:05
SK Telecom Co Ltd (NYSE:SKM) Q4 2023 Earnings Call Transcript February 4, 2024 8:00 PM ET Company Participants Hee Jun Chung - IR Kim Yang-Seob - CFO Choi Hwan-seok - Head of the AI Strategic Kim Young-joo - Head of Enterprise Business Strategy Office Lee Joon-ho - Head of the Corporate Planning Office Kim Yong-hun - Head of AI Assistant Conference Call Participants Seyon Park - Morgan Stanley Joonsop Kim - KB Securities Soojin Kim - Mirae Asset Daewoo Hee Jun Chung Good morning. I am Hee Jun Chung, IRO of ...
SK Telecom (SKM) - 2023 Q3 - Earnings Call Transcript
2023-11-09 04:07
Hee Jun Chung - IRO Jin-won Kim - CFO Choi Hwan-seok - Head of Corporate Strategy Office Kim Ji Hoon - Head of Growth Kim Ji Hyung - Head of Integrated Marketing Strategy Office Operator Today, we will first deliver our presentation on major events, quarterly earnings highlights, and business performances, which will be followed by a Q&A session. The call is attended by our executives from relevant business divisions, including Jin-won Kim, CFO of SK Telecom, and we are providing some consecutive interpreta ...
SK Telecom (SKM) - 2023 Q2 - Earnings Call Transcript
2023-08-09 07:04
SK Telecom Co., Ltd. (NYSE:SKM) Q2 2023 Earnings Conference Call August 8, 2023 3:00 AM ET Company Participants Hee Jun Chung - Investor Relations Jin-won Kim - Chief Financial Officer Kim Ji-Hoon - Head, Integrated Marketing Strategy Office Kim Myung-Gook - Head, Cloud Business Office Conference Call Participants Seung Woong Lee - eBest Investment & Securities Hoi Jae Kim - Daishin Securities Joonsop Kim - KB Securities Operator Good morning and good evening. First of all, thank you all for joining this co ...
SK Telecom (SKM) - 2023 Q2 - Quarterly Report
2023-06-30 16:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE MONTH OF JUNE 2023 Commission File Number: 333-04906 SK Telecom Co., Ltd. (Translation of registrant's name into English) 65, Euljiro, Jung-gu Seoul 04539, Korea (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40 ...