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 ...

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 ...

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 ...

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]

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].

[Resolution to Call the Annual General Meeting of Shareholders](index=2&type=section&id=RESOLUTION%20TO%20CALL%20THE%20ANNUAL%20GENERAL%20MEETING%20OF%20SHAREHOLDERS) The Board resolved to convene the annual general meeting on March 26, 2024, to approve financial statements, amend articles, appoint directors, and set remuneration [Meeting Details and Agenda](index=2&type=section&id=3.%20Agenda) The Board resolved to convene the annual general meeting on March 26, 2024, to approve 2023 financial statements, amend articles, appoint directors, and set remuneration Annual General Meeting Details | Item | Details | | :--- | :--- | | **Date / Time** | March 26, 2024 (Tuesday), 10:00 am (Seoul time) | | **Place** | SUPEX Hall, 4th Floor, SK T-Tower, 65, Eulji-ro, Jung—gu, Seoul, Korea | | **Agenda** | 1. Approval of Financial Statements for the 40th Fiscal Year (2023)<br>2. Amendments to the Articles of Incorporation<br>3. Appointment of Directors (Executive, Non-executive, Independent)<br>4. Appointment of a Member of the Audit Committee<br>5. Approval of the Ceiling Amount of Remuneration for Directors<br>6. Amendments to the Remuneration Policy for Executive Officers | [Approval of Financial Statements for the 40th Fiscal Year (2023)](index=3&type=section&id=1.%20Approval%20of%20Financial%20Statements%20for%20the%2040th%20Fiscal%20Year%20%282023%29) Shareholders will vote on approving the 2023 financial statements, prepared under K-IFRS, with the audit report available in early March 2024 - The company seeks shareholder approval for the financial statements of the **40th fiscal year (2023)**[6](index=6&type=chunk) - The audited financial statements will be publicly available on SK Telecom's and the SEC's websites in early March 2024, with consolidated and separate statements provided in Appendices 1 and 2, respectively[6](index=6&type=chunk) [Amendments to the Articles of Incorporation](index=4&type=section&id=2.%20Amendments%20to%20the%20Articles%20of%20Incorporation) Proposed amendments to the Articles of Incorporation aim to align dividend policies and extend the Board meeting notice period - The company proposes to amend its articles to distribute dividends equally for all shares of the same class, regardless of their issuance dates, aligning with the model articles of the Korea Listed Companies Association[7](index=7&type=chunk) - A key proposed change allows the Board of Directors to set the record date for dividends after the resolution to distribute them, which is intended to enhance dividend predictability for shareholders. The record date must be announced two weeks prior[8](index=8&type=chunk) - The notice period for convening a Board of Directors' meeting is proposed to be extended from two days to at least seven days, with an exception for urgent matters where notice can be given one day prior[8](index=8&type=chunk) [Appointment of Directors](index=6&type=section&id=3.%20Appointment%20of%20Directors) The company proposes appointing four directors, including executive, non-executive, and independent non-executive roles Director Candidates | Name of Candidate | Position | Recommended by | | :--- | :--- | :--- | | Ryu, Young Sang | Executive Director | Board | | Kim, Yang Seob | Executive Director | Board | | Lee, Sung Hyung | Non-executive Director | Board | | Noh, Mi Kyung | Independent Non-executive Director | Independent Director Nomination Committee | [Candidate Details and Recommendations](index=8&type=section&id=E.%20Reasons%20for%20Recommendation%20of%20Candidates%20by%20the%20Board) Candidates are recommended for their expertise in financial performance, AI business expansion, and risk management - Ryu, Young Sang is recommended for reappointment due to his role in improving financial performance and establishing the company's AI Pyramid strategy[13](index=13&type=chunk) - Kim, Yang Seob, a finance expert, is recommended for his capabilities in maintaining financial stability and supporting the expansion of global AI-related businesses[13](index=13&type=chunk) - Noh, Mi Kyung is recommended as an independent director for her expertise in global risk management, which is expected to strengthen the company's practices and support its growth as an AI Company[13](index=13&type=chunk) [Appointment of a Member of the Audit Committee](index=9&type=section&id=4.%20Appointment%20of%20a%20Member%20of%20the%20Audit%20Committee%20%28Noh%2C%20Mi%20Kyung%29) Noh, Mi Kyung is recommended for the audit committee to enhance its professionalism, independence, and management transparency - Noh, Mi Kyung is recommended for the audit committee based on her expertise in finance, accounting, and risk management from her career in the global finance industry[14](index=14&type=chunk) - The Board believes her appointment will enhance the professionalism and independence of the audit committee and improve management transparency[14](index=14&type=chunk) [Approval of the Ceiling Amount of Remuneration for Directors](index=10&type=section&id=5.%20Approval%20of%20the%20Ceiling%20Amount%20of%20Remuneration%20for%20Directors) Shareholders will vote on a proposed KRW 10 billion director remuneration ceiling for 2024, a decrease from the prior year Director Remuneration Comparison | | Fiscal year 2024 (Proposed) | Fiscal year 2023 (Actual) | | :--- | :--- | :--- | | **Number of directors** | 9 | 8 | | **Maximum authorized remuneration** | KRW 10,000,000,000 | KRW 12,000,000,000 | | **Total remuneration paid** | — | KRW 4,138,735,160 | [Amendments to the Remuneration Policy for Executive Officers](index=11&type=section&id=6.%20Amendments%20to%20the%20Remuneration%20Policy%20for%20Executive%20Officers) Amendments to the executive remuneration policy clarify severance pay calculations and introduce a non-compete clause - The primary purpose of the amendment is to change the criteria for calculating severance pay for an executive officer promoted from executive vice president to president[18](index=18&type=chunk) - A new clause stipulates that any severance payment exceeding the statutory amount is considered compensation for non-compete obligations. If this obligation is violated, the executive must return the excess amount as a penalty[16](index=16&type=chunk) - The amendments will take effect on April 1, 2024, with transitional provisions for executives promoted before this date[19](index=19&type=chunk) [Appendix 1: Consolidated Financial Statements (FY 2023)](index=13&type=section&id=Appendix%201.%20Consolidated%20Financial%20Statements) This appendix presents the consolidated financial statements for fiscal year 2023, including financial position, profit or loss, cash flows, and detailed notes [Consolidated Statement of Financial Position](index=14&type=section&id=Consolidated%20Statements%20of%20Financial%20Position) Consolidated total assets decreased to **KRW 30,119 billion** in 2023, while liabilities also decreased, and equity slightly increased Consolidated Financial Position (in millions of KRW) | Account | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | 30,119,227 | 31,308,262 | | **Total Liabilities** | 17,890,828 | 19,153,066 | | **Total Shareholder's Equity** | 12,228,399 | 12,155,196 | [Consolidated Statement of Profit or Loss](index=16&type=section&id=Consolidated%20Statements%20of%20Profit%20or%20Loss) Operating revenue increased to **KRW 17,609 billion** in 2023, with operating profit and profit attributable to owners also growing significantly Consolidated Profit or Loss (in millions of KRW, except EPS) | Account | 2023 | 2022 | | :--- | :--- | :--- | | **Operating revenue** | 17,608,511 | 17,304,973 | | **Operating profit** | 1,753,204 | 1,612,070 | | **Profit for the year (attributable to owners)** | 1,093,611 | 912,400 | | **Basic earnings per share (in won)** | 4,954 | 4,118 | [Consolidated Statement of Cash Flows](index=19&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities slightly decreased in 2023, with increased cash usage in investing and financing, leading to a net decrease in cash Consolidated Cash Flows (in millions of KRW) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | 4,947,205 | 5,159,317 | | **Net cash used in investing activities** | (3,352,905) | (2,807,795) | | **Net cash used in financing activities** | (2,020,990) | (1,349,882) | | **Net increase (decrease) in cash** | (426,690) | 1,001,640 | | **Cash and cash equivalents at end of year** | 1,454,978 | 1,882,291 | [Notes to the Consolidated Financial Statements](index=21&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section details the reporting entity, basis of preparation under K-IFRS, material accounting policies, and changes in consolidation scope [Reporting Entity and Subsidiaries](index=21&type=section&id=1.%20Reporting%20Entity) SK Telecom Co., Ltd. is a Korean cellular service provider controlled by SK Inc., with changes in consolidated subsidiaries in 2023 - SK Inc. is the ultimate controlling entity of SK Telecom Co., Ltd[34](index=34&type=chunk) - In 2023, Global AI Platform Corporation and Global AI Platform Corporation Korea were newly included in the consolidation scope[40](index=40&type=chunk) - SK Telecom Japan Inc. and SK Planet Japan, K. K. were excluded from the consolidation scope in 2023 due to a loss of control[39](index=39&type=chunk) [Basis of Preparation and Accounting Policies](index=30&type=section&id=3.%20Material%20Accounting%20Policies) Financial statements are prepared under K-IFRS, involving estimates, with new standards adopted in 2023 having no material impact, and key revenue recognition policies detailed - The consolidated financial statements were prepared in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (K-IFRS)[43](index=43&type=chunk) - The Group has adopted new and amended standards effective January 1, 2023, including amendments to KIFRS 1001, 1008, and 1012, which had no material impact on the financial statements[57](index=57&type=chunk)[59](index=59&type=chunk) - For contracts with customers that include both handset sales and wireless services, the Group allocates the transaction price to each performance obligation based on their relative stand-alone selling prices. Incremental costs of obtaining a contract, such as commissions, are capitalized and amortized over the expected contract period[180](index=180&type=chunk)[181](index=181&type=chunk)[182](index=182&type=chunk) [Appendix 2: Separate Financial Statements (FY 2023)](index=53&type=section&id=Appendix%202.%20Separate%20Financial%20Statements) This appendix presents the separate financial statements for fiscal year 2023, including financial position, profit or loss, cash flows, and detailed notes [Separate Statement of Financial Position](index=54&type=section&id=Separate%20Statements%20of%20Financial%20Position) Separate total assets decreased to **KRW 24,996 billion** in 2023, while liabilities also decreased, and equity remained stable Separate Financial Position (in millions of KRW) | Account | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | 24,995,932 | 26,432,121 | | **Total Liabilities** | 14,559,839 | 16,048,739 | | **Total Shareholder's Equity** | 10,436,093 | 10,383,382 | [Separate Statement of Profit or Loss](index=56&type=section&id=Separate%20Statements%20of%20Profit%20or%20Loss) Separate operating revenue increased to **KRW 12,589 billion** in 2023, with operating profit and profit for the year also growing significantly Separate Profit or Loss (in millions of KRW, except EPS) | Account | 2023 | 2022 | | :--- | :--- | :--- | | **Operating revenue** | 12,589,220 | 12,414,588 | | **Operating profit** | 1,455,870 | 1,321,131 | | **Profit for the year** | 1,059,750 | 869,490 | | **Basic earnings per share (in won)** | 4,798 | 3,921 | [Separate Statement of Cash Flows](index=59&type=section&id=Separate%20Statements%20of%20Cash%20Flows) Separate net cash from operating activities slightly decreased in 2023, with increased cash usage in investing and financing, leading to a net decrease in cash Separate Cash Flows (in millions of KRW) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | 4,008,340 | 4,072,281 | | **Net cash used in investing activities** | (2,371,006) | (1,964,831) | | **Net cash used in financing activities** | (2,223,771) | (1,048,738) | | **Net increase (decrease) in cash** | (586,437) | 1,058,712 | | **Cash and cash equivalents at end of year** | 631,066 | 1,217,504 | [Notes to the Separate Financial Statements](index=61&type=section&id=Notes%20to%20the%20Separate%20Financial%20Statements) This section details the separate financial statements prepared under K-IFRS 1027, outlining corporate information and accounting policies for investments - These financial statements are separate financial statements prepared in accordance with KIFRS 1027, Separate Financial Statements[221](index=221&type=chunk) - The Company applies the cost method to investments in subsidiaries, associates, and joint ventures. Dividends from these entities are recognized in profit or loss when the right to receive the dividends is established[235](index=235&type=chunk) [Other Information](index=86&type=section&id=Other%20Information) This section includes disclaimers regarding the unaudited nature of financial statements and forward-looking statements, along with the report's official signatures [Disclaimers and Forward-Looking Statements](index=86&type=section&id=Disclaimer) The report includes disclaimers for unaudited financial statements and forward-looking statements, highlighting inherent risks and uncertainties - The financial statements included in this report are unaudited and subject to change upon completion of the audit process[356](index=356&type=chunk) - The report contains forward-looking statements based on current plans and estimates, which are subject to known and unknown risks and uncertainties that could cause actual results to differ[357](index=357&type=chunk) [Signatures](index=87&type=section&id=SIGNATURES) The report was officially signed on February 22, 2024, by Hee Jun Chung, Vice President of SK Telecom Co., Ltd - The report was signed on February 22, 2024, by Hee Jun Chung, Vice President of SK Telecom Co., Ltd[358](index=358&type=chunk)

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 ...

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 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 ...

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 ...