Market Share and Competition - As of December 31, 2022, the collective market share of KT and LG U+ in the wireless subscriber market was approximately 56.8%[27] - The company's market share in the fixed-line telephone and VoIP service market was 15.6% as of December 31, 2022, compared to KT's 55.0% and LG U+'s 18.7%[31] - The market share in the broadband Internet market was 28.5% as of December 31, 2022, compared to KT's 41.3% and LG U+'s 21.0%[31] - The penetration rate for the Korean wireless telecommunications industry was approximately 147.7% as of December 31, 2022, indicating a high saturation level in the market[62] - The company faces increasing competition from MVNOs, which generally offer cheaper rate plans, impacting subscriber activations[28] - The Korean wireless telecommunications market is dominated by three operators: the company, KT, and LG U+, with KT and LG U+ holding market shares of approximately 30.9% and 25.9%, respectively[130] Financial Performance and Investments - Capital expenditures for 2022 amounted to Won 1,837.2 billion, with plans for further investments in 5G network expansion[41] - The company has made significant capital investments in technology upgrades, spending Won 1,850.9 billion in 2021 and Won 1,878.6 billion in 2020[40] - In 2022, the company spent Won 2,908.3 billion on capital expenditures, with similar spending expected in 2023 for projects including 5G network expansion and IoT solutions development[72] - As of December 31, 2022, the company had Won 3,189.3 billion in contractual payment obligations due in 2023, primarily related to debt repayment and lease liabilities[74] - The company is subject to additional regulations as a dominant network service provider, which may adversely affect its competitiveness and profitability[50] Subscriber Growth and Services - As of December 31, 2022, the company had 32.8 million wireless subscribers, representing a market share of 43.2% in the Korean wireless telecommunications sector[122] - The number of wireless subscribers in Korea reached 75.958 million as of December 31, 2022, with a wireless penetration rate of 147.7 subscribers per 100 population[131] - The number of broadband Internet access subscribers increased to approximately 23.5 million by the end of 2022, up from 17.2 million at the end of 2010[135] - The IPTV subscriber base reached approximately 6.5 million as of December 31, 2022, with access to up to 263 high-definition channels[199] - The number of 5G subscribers increased to 13.5 million in 2022, up from 9.9 million in 2021, reflecting a growth rate of approximately 36%[146] Technological Advancements and Innovations - The company aims to provide full nationwide 5G coverage within the next several years, having launched 5G services in April 2019[38] - The company aims to enhance its 5G network and develop new products and services tailored to customer needs, leveraging AI technology and big data analysis[140] - The launch of the AI agent service "A." in May 2022 is expected to fully launch in 2023, enhancing customer interaction and personalization[161] - The company launched its first MEC-based cloud service, "5GX Edge Cloud," in collaboration with Amazon Web Services in December 2020, and has since expanded its cloud services to global telecommunications companies[162] - The company plans to expand its IoT solutions business, having deployed a nationwide high-speed LTE-M network and a low-cost LoRa network to support IoT devices[156] Regulatory and Economic Environment - Regulatory changes may impact the competitive landscape, including potential new entrants into the wireless telecommunications market[31] - The company is subject to significant risks from unfavorable financial and economic developments in Korea, particularly due to the ongoing effects of the COVID-19 pandemic[95] - The Korean economy has shown mixed signs of deterioration and uncertain recovery, influenced by global economic conditions and geopolitical tensions[96] - The MSIT may issue corrective orders if the aggregate foreign shareholding limit is exceeded, impacting the company's ability to operate in new telecommunications businesses[94] Corporate Governance and Shareholding - As of December 31, 2022, SK Inc. owned 30.0% of the total issued common shares of the company[93] - The aggregate foreign shareholding level was approximately 45.6% as of December 31, 2022, which could exceed the 49.0% ceiling if SK Inc. is classified as a foreign shareholder[93][94] - The company is subject to Korean corporate governance standards, which may differ from those in other countries, potentially affecting investor perceptions[121] - The company has not agreed to any restrictions on SK Inc.'s ability to dispose of its shares, which could impact future market conditions[109] Risks and Challenges - Cybersecurity breaches pose risks to the company, potentially leading to legal exposure and damage to its reputation[80] - The company may need to acquire additional bandwidth capacity in the future to meet increasing demand, which could adversely affect its financial condition if not obtained at commercially attractive terms[67] - The company is focused on attracting and retaining qualified technology professionals, as the loss of key personnel could materially impact its operations[68] - The company faces potential litigation risks under the Securities-related Class Action Act of Korea, which allows class action suits for losses incurred from false statements or insider trading[103] Customer Engagement and Retention - The T Membership program aims to enhance subscriber retention by offering various benefits, leveraging the company's large subscriber base[187] - The company operates 907 T Premium Stores as of December 31, 2022, to provide detailed information on subscription services[189] - The company launched a metaverse community platform called "Ifland," which had over 21 million cumulative downloads globally as of December 31, 2022[163] - The "T Universe" subscription service was launched in August 2021, offering various benefits including discounts and access to cloud storage[162]

[Form 6-K Filing Information](index=1&type=section&id=Form%206-K%20Filing%20Information) [Form 6-K Details](index=1&type=section&id=Form%206-K%20Details) This section provides regulatory filing details for the Form 6-K, identifying the registrant and report type - SK Telecom Co, Ltd is filing a Form 6-K report as a foreign private issuer[1](index=1&type=chunk) Form 6-K Details | Detail | Value | | :--- | :--- | | Commission File Number | 333-04906 | | Registrant Name | SK Telecom Co, Ltd | | Address | 65, Euljiro, Jung-gu, Seoul 04539, Korea | | Annual Report Type | Form 20-F | | Filing Month | February 2023 | [Resolution to Call the Annual General Meeting of Shareholders](index=2&type=section&id=RESOLUTION%20TO%20CALL%20THE%20ANNUAL%20GENERAL%20MEETING%20OF%20SHAREHOLDERS) [AGM Details and Agenda Overview](index=2&type=section&id=AGM%20Details%20and%20Agenda%20Overview) The Board of Directors resolved to call the Annual General Meeting of Shareholders for March 28, 2023 AGM Details | Detail | Value | | :--- | :--- | | Date of Board Resolution | February 23, 2023 | | AGM Date / Time | March 28, 2023 (Tuesday), 10:00 am (Seoul time) | | AGM Place | SUPEX Hall, 4th Floor, SK T-Tower, 65, Eulji-ro, Jung-gu, Seoul, Korea | - The AGM agenda includes approval of financial statements, grant of stock options, appointment of directors and audit committee members, and approval of director remuneration[7](index=7&type=chunk) - The place and time of the AGM may change due to emergencies, such as COVID-19[6](index=6&type=chunk) [Approval of Financial Statements for the 39th Fiscal Year (2022)](index=3&type=section&id=1.%20Approval%20of%20Financial%20Statements%20for%20the%2039th%20Fiscal%20Year%20(2022)) Shareholders are requested to approve the 2022 financial statements prepared under Korean IFRS - The financial statements for the 39th fiscal year (2022) were prepared in accordance with **Korean International Financial Reporting Standards**[9](index=9&type=chunk) - The audit report from independent auditors will be uploaded to SK Telecom's website and the U.S. SEC website in **early- to mid-March 2023**[9](index=9&type=chunk) - Consolidated Financial Statements are in Appendix 1 and Separate Financial Statements are in Appendix 2[9](index=9&type=chunk) [Grant of Stock Options](index=4&type=section&id=2.%20Grant%20of%20Stock%20Options) The Company proposes granting 190,000 stock options to align management and shareholder interests - The purpose of the stock option grant is to maximize company value by aligning management and shareholder interests and encouraging long-term value enhancement[10](index=10&type=chunk) Stock Option Grant Details | Detail | Value | | :--- | :--- | | Type and Number of Shares Issuable | 190,000 registered common shares | | Grant Date | March 28, 2023 | | Exercise Period | March 29, 2025 – March 28, 2028 | | Exercise Price | Arithmetic mean of volume weighted average closing prices of two-month, one-month and one-week periods prior to grant date | | Employment Condition | Stock options cancelled if recipient not employed for at least two years from grant date | Previously Granted Stock Options (as of December 31, 2022) | Year | Grant date | Number of recipients | Type of shares | Number of shares issuable | Number of shares issued upon exercise | expired stock options | Remaining number of shares issuable | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 2020 | March 26 | 10 | Common shares | 387,624 | — | 11,314 | 376,310 | | 2021 | March 25 | 13 | Common shares | 101,060 | — | 13,270 | 87,790 | | 2022 | March 25 | 12 | Common shares | 415,716 | — | 10,737 | 404,979 | | Total | | 35 | Common shares | 904,400 | — | 35,321 | 869,079 | [Appointment of Independent Non-executive Directors](index=6&type=section&id=3.%20Appointment%20of%20Independent%20Non-executive%20Directors) The Board recommends three candidates for appointment as independent non-executive directors Director Candidate Details | Name of Candidate | Date of Birth | Candidate for independent non-executive director | Relationship with largest shareholder | Recommended by | | :--- | :--- | :--- | :--- | :--- | | Kim, Yong-Hak | January 17, 1953 | Yes | Independent non-executive director of affiliate (SK Telecom) | Independent Director Nomination Committee | | Kim, Junmo | September 7, 1976 | Yes | Independent non-executive director of affiliate (SK Telecom) | Independent Director Nomination Committee | | Oh, Haeyun | November 13, 1974 | Yes | None | Independent Director Nomination Committee | - **Kim, Yong-Hak** is expected to contribute expertise in sociology, leadership, and social values, enhancing corporate governance[17](index=17&type=chunk)[18](index=18&type=chunk) - **Kim, Junmo**, an AI expert, is expected to provide professional advice on AI and digital transformation businesses and strategies[17](index=17&type=chunk)[18](index=18&type=chunk) - **Oh, Haeyun**, an AI-based natural language processing expert, will offer insights on AI vision, directions, and ethics issues[18](index=18&type=chunk) [Appointment of Members of the Audit Committee](index=9&type=section&id=4.%20Appointment%20of%20Members%20of%20the%20Audit%20Committee) The Board recommends two candidates for appointment to the Audit Committee to enhance its independence Audit Committee Candidate Details | Name of Candidate | Date of Birth | Candidate for independent non-executive director | Relationship with largest shareholder | Recommended by | | :--- | :--- | :--- | :--- | :--- | | Kim, Yong-Hak | January 17, 1953 | Yes | Independent non-executive director of affiliate (SK Telecom) | Independent Director Nomination Committee | | Oh, Haeyun | November 13, 1974 | Yes | None | Independent Director Nomination Committee | - **Kim, Yong-Hak** is recommended for his experience in institution management and deep understanding of management issues, contributing to audit committee independence and management transparency[21](index=21&type=chunk) - **Oh, Haeyun** is recommended for her AI expertise and background in overseeing AI ethics guidelines, enhancing the Board's independence and professionalism through technology diagnosis[20](index=20&type=chunk)[21](index=21&type=chunk) [Approval of the Ceiling Amount of Remuneration for Directors](index=11&type=section&id=5.%20Approval%20of%20the%20Ceiling%20Amount%20of%20Remuneration%20for%20Directors) Shareholders are asked to approve the maximum authorized remuneration for directors for fiscal year 2023 Director Remuneration Details | Detail | Fiscal year 2023 | Fiscal year 2022 | | :--- | :--- | :--- | | Number of directors | 8 | 8 | | Number of independent non-executive directors | 5 | 5 | | Total amount of remuneration paid to directors | — | Won 3,486,749,320 | | Total amount or maximum authorized amount of remuneration for directors | Won 12,000,000,000 | Won 12,000,000,000 | [Consolidated Financial Statements (Appendix 1)](index=12&type=section&id=Appendix%201.%20Consolidated%20Financial%20Statements) [Consolidated Statements of Financial Position](index=13&type=section&id=Consolidated%20Statements%20of%20Financial%20Position) The Group's financial position shows slightly increased assets and liabilities but decreased shareholder's equity in 2022 Consolidated Financial Position | Metric | December 31, 2022 (Millions of Won) | December 31, 2021 (Millions of Won) | | :--- | :--- | :--- | | Total Assets | W 31,308,262 | W 30,911,277 | | Total Liabilities | W 19,153,066 | W 18,576,139 | | Total Shareholder's Equity | W 12,155,196 | W 12,335,138 | [Consolidated Statements of Income](index=15&type=section&id=Consolidated%20Statements%20of%20Income) The Group reported increased revenue and operating profit, but a significant decrease in net profit for 2022 Consolidated Income Statement | Metric | 2022 (Millions of Won) | 2021 (Millions of Won) | | :--- | :--- | :--- | | Revenue | W 17,304,973 | W 16,748,585 | | Operating Profit | W 1,612,070 | W 1,387,162 | | Profit from continuing operations | W 947,831 | W 1,271,395 | | Profit from discontinued operations, net of taxes | — | W 1,147,594 | | Profit for the year | W 947,831 | W 2,418,989 | | Basic earnings per share (in won) | W 4,118 | W 7,191 | [Consolidated Statements of Comprehensive Income](index=16&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) The Group's total comprehensive income for 2022 decreased significantly due to valuation losses on financial assets Consolidated Comprehensive Income | Metric | 2022 (Millions of Won) | 2021 (Millions of Won) | | :--- | :--- | :--- | | Profit for the year | W 947,831 | W 2,418,989 | | Other comprehensive income (loss), net of taxes | W (306,226) | W 1,362,192 | | Total comprehensive income | W 641,605 | W 3,781,181 | - A significant valuation loss on financial assets at fair value through other comprehensive income (**W 491,853 million**) contributed to the decrease in total comprehensive income in 2022[28](index=28&type=chunk) [Consolidated Statements of Changes in Equity](index=17&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Equity) The equity statements reflect impacts from profit, dividends, and a significant spin-off transaction in 2021 Consolidated Changes in Equity | Equity Component | Balance, January 1, 2021 (Millions of Won) | Balance, December 31, 2021 (Millions of Won) | Balance, December 31, 2022 (Millions of Won) | | :--- | :--- | :--- | :--- | | Share capital | W 44,639 | W 30,493 | W 30,493 | | Capital surplus and others | W 677,203 | W (11,623,726) | W (11,567,117) | | Retained earnings | W 22,981,913 | W 22,437,341 | W 22,463,711 | | Reserves | W 40,139 | W 735,238 | W 391,233 | | Equity attributable to owners of the Parent Company | W 23,743,894 | W 11,579,346 | W 11,318,320 | | Non-controlling interests | W 652,349 | W 755,792 | W 836,876 | | Total Shareholder's Equity | W 24,396,243 | W 12,335,138 | W 12,155,196 | - The **spin-off in 2021** significantly impacted equity, reducing total shareholder's equity by **W 15,005,397 million**[30](index=30&type=chunk) - Annual dividends paid were **W 361,186 million in 2022** and **W 641,944 million in 2021**[30](index=30&type=chunk) [Consolidated Statements of Cash Flows](index=18&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The Group's cash and cash equivalents increased in 2022, driven by strong operating cash flow Consolidated Cash Flows | Cash Flow Activity | 2022 (Millions of Won) | 2021 (Millions of Won) | | :--- | :--- | :--- | | Net cash provided by operating activities | W 5,159,317 | W 5,031,279 | | Net cash used in investing activities | W (2,807,795) | W (3,486,189) | | Net cash used in financing activities | W (1,349,882) | W (2,053,611) | | Net increase (decrease) in cash and cash equivalents | W 1,001,640 | W (508,521) | | Cash and cash equivalents at end of the year | W 1,882,291 | W 872,731 | - Cash generated from operating activities increased to **W 5,785,375 million in 2022** from W 5,324,073 million in 2021[32](index=32&type=chunk) - Proceeds from issuance of debentures were **W 1,200,122 million in 2022**, up from W 873,245 million in 2021[33](index=33&type=chunk) [Notes to the Consolidated Financial Statements](index=20&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section details the reporting entity, basis of preparation, and significant accounting policies [Reporting Entity and Subsidiaries](index=20&type=section&id=1.%20Reporting%20Entity) The company provides wireless telecommunications services in Korea and underwent a spin-off in 2021 - SK Telecom Co, Ltd is a Korean wireless telecommunications service provider, with **SK Inc** as its ultimate controlling entity[35](index=35&type=chunk)[36](index=36&type=chunk) Shareholder Structure | Shareholder | Number of shares | Percentage of total shares issued (%) | | :--- | :--- | :--- | | SK Inc | 65,668,397 | 30.01 | | National Pension Service | 16,846,066 | 7.69 | | Institutional investors and other shareholders | 131,671,103 | 60.17 | | Kakao Investment Co, Ltd | 3,846,487 | 1.76 | | Treasury shares | 801,091 | 0.37 | | Total | 218,833,144 | 100.00 | - In 2022, **SAPEON Inc** and **SK m&service Co, Ltd** were newly included in consolidation, while Broadband Nowon Co, Ltd was excluded due to merger[38](index=38&type=chunk)[39](index=39&type=chunk)[44](index=44&type=chunk) [Basis of Preparation](index=27&type=section&id=2.%20Basis%20of%20Preparation) The financial statements are prepared under Korean IFRS on a historical cost basis with some exceptions - Consolidated financial statements are prepared in accordance with **Korean International Financial Reporting Standards (KIFRS)**[48](index=48&type=chunk) - Statements are prepared on a historical cost basis, with exceptions for fair value measurements of certain financial instruments and liabilities[50](index=50&type=chunk)[52](index=52&type=chunk) - The preparation requires management to make judgments, estimates, and assumptions, which are reviewed on an ongoing basis[50](index=50&type=chunk)[51](index=51&type=chunk) [Significant Accounting Policies](index=29&type=section&id=3.%20Significant%20Accounting%20Policies) This section details the significant accounting policies applied by the Group for financial reporting - The Group applies the **acquisition method** for business combinations, testing goodwill annually for impairment[66](index=66&type=chunk)[69](index=69&type=chunk) - Financial assets are classified and measured at **FVTPL, FVOCI, or amortized cost** based on business model and contractual cash flow characteristics[82](index=82&type=chunk)[84](index=84&type=chunk) - Property and equipment are depreciated on a **straight-line basis** over estimated useful lives (e.g, 15-40 years for buildings, 3-15 years for machinery)[114](index=114&type=chunk)[115](index=115&type=chunk) - Intangible assets are amortized on a **straight-line basis** over estimated useful lives (e.g, 2.4-10 years for frequency usage rights)[120](index=120&type=chunk)[121](index=121&type=chunk) - The Group recognizes **right-of-use assets and lease liabilities** for leases, depreciating assets over the lease term[137](index=137&type=chunk)[139](index=139&type=chunk)[140](index=140&type=chunk) - Revenue from wireless telecommunications services is recognized over the contract term, while handset sale revenue is recognized upon delivery[184](index=184&type=chunk) [Separate Financial Statements (Appendix 2)](index=53&type=section&id=Appendix%202.%20Separate%20Financial%20Statements) [Separate Statements of Financial Position](index=54&type=section&id=Separate%20Statements%20of%20Financial%20Position) The Company's separate financial position shows slightly increased assets and liabilities but decreased total equity in 2022 Separate Financial Position | Metric | December 31, 2022 (Millions of Won) | December 31, 2021 (Millions of Won) | | :--- | :--- | :--- | | Total Assets | W 26,432,121 | W 26,389,065 | | Total Liabilities | W 16,048,739 | W 15,526,209 | | Total Shareholder's Equity | W 10,383,382 | W 10,862,856 | [Separate Statements of Income](index=56&type=section&id=Separate%20Statements%20of%20Income) The Company reported increased revenue and operating profit, but a decrease in net profit for 2022 Separate Income Statement | Metric | 2022 (Millions of Won) | 2021 (Millions of Won) | | :--- | :--- | :--- | | Revenue | W 12,414,588 | W 12,102,830 | | Operating Profit | W 1,321,131 | W 1,114,323 | | Profit for the year | W 869,490 | W 1,073,823 | | Basic earnings per share (in won) | W 3,921 | W 3,183 | [Separate Statements of Comprehensive Income](index=57&type=section&id=Separate%20Statements%20of%20Comprehensive%20Income) The Company's total comprehensive income for 2022 decreased significantly due to valuation losses on financial assets Separate Comprehensive Income | Metric | 2022 (Millions of Won) | 2021 (Millions of Won) | | :--- | :--- | :--- | | Profit for the year | W 869,490 | W 1,073,823 | | Other comprehensive income (loss), net of taxes | W (499,714) | W 297,192 | | Total comprehensive income | W 369,776 | W 1,371,015 | - A significant valuation loss on financial assets at fair value through other comprehensive income (**W 481,023 million**) contributed to the decrease in total comprehensive income in 2022[211](index=211&type=chunk) [Separate Statements of Changes in Equity](index=58&type=section&id=Separate%20Statements%20of%20Changes%20in%20Equity) The equity statements reflect impacts from profit, dividends, and a significant spin-off transaction in 2021 Separate Changes in Equity | Equity Component | Balance, January 1, 2021 (Millions of Won) | Balance, December 31, 2021 (Millions of Won) | Balance, December 31, 2022 (Millions of Won) | | :--- | :--- | :--- | :--- | | Share capital | W 44,639 | W 30,493 | W 30,493 | | Capital surplus and others | W 289,134 | W (4,576,271) | W (4,506,693) | | Retained earnings | W 16,684,640 | W 14,770,618 | W 14,691,461 | | Reserves | W 331,445 | W 638,016 | W 168,121 | | Total Shareholder's Equity | W 17,349,858 | W 10,862,856 | W 10,383,382 | - The **spin-off in 2021** significantly impacted equity, reducing total shareholder's equity by **W 6,901,907 million**[212](index=212&type=chunk) - Annual dividends paid were **W 361,186 million in 2022** and **W 641,944 million in 2021**[212](index=212&type=chunk) [Separate Statements of Cash Flows](index=59&type=section&id=Separate%20Statements%20of%20Cash%20Flows) The Company's cash and cash equivalents increased in 2022, driven by strong operating cash flow Separate Cash Flows | Cash Flow Activity | 2022 (Millions of Won) | 2021 (Millions of Won) | | :--- | :--- | :--- | | Net cash provided by operating activities | W 4,072,281 | W 3,919,829 | | Net cash used in investing activities | W (1,964,831) | W (2,251,647) | | Net cash used in financing activities | W (1,048,738) | W (1,838,576) | | Net increase (decrease) in cash and cash equivalents | W 1,058,712 | W (170,394) | | Cash and cash equivalents at end of the year | W 1,217,504 | W 158,823 | - Cash generated from operating activities increased to **W 4,554,517 million in 2022** from W 4,021,672 million in 2021[213](index=213&type=chunk) - Proceeds from issuance of debentures were **W 1,050,820 million in 2022**, up from W 507,876 million in 2021[214](index=214&type=chunk) [Notes to the Separate Financial Statements](index=61&type=section&id=Notes%20to%20the%20Separate%20Financial%20Statements) This section details the reporting entity, basis of preparation, and significant accounting policies [Reporting Entity](index=61&type=section&id=1.%20Reporting%20Entity) The company provides wireless telecommunications services in Korea and completed a spin-off in 2021 - SK Telecom Co, Ltd is a Korean wireless telecommunications service provider, incorporated in March 1984[215](index=215&type=chunk) Shareholder Structure | Shareholder | Number of shares | Percentage of total shares issued (%) | | :--- | :--- | :--- | | SK Inc | 65,668,397 | 30.01 | | National Pension Service | 16,846,066 | 7.69 | | Institutional investors and other shareholders | 131,671,103 | 60.17 | | Kakao Investment Co, Ltd | 3,846,487 | 1.76 | | Treasury shares | 801,091 | 0.37 | | Total | 218,833,144 | 100.00 | - The company completed the spin-off of its investment businesses in semiconductor, New ICT, and other areas on **November 1, 2021**[216](index=216&type=chunk) [Basis of Preparation](index=61&type=section&id=2.%20Basis%20of%20Preparation) The separate financial statements are prepared under KIFRS 1027 using the cost method for investments - Separate financial statements are prepared in accordance with **KIFRS 1027, Separate Financial Statements**[218](index=218&type=chunk) - Investments in subsidiaries, associates, and joint ventures are accounted for at **cost less impairment**[218](index=218&type=chunk) - Statements are prepared on a historical cost basis, with exceptions for fair value measurements of certain financial instruments and liabilities[219](index=219&type=chunk) [Significant Accounting Policies](index=64&type=section&id=3.%20Significant%20Accounting%20Policies) This section details the significant accounting policies applied for the separate financial statements - The Company applies the **cost method** to investments in subsidiaries, associates, and joint ventures[231](index=231&type=chunk) - Financial assets are classified and measured at **FVTPL, FVOCI, or amortized cost** based on business model and contractual cash flow characteristics[238](index=238&type=chunk)[241](index=241&type=chunk) - Property and equipment are depreciated on a **straight-line basis** over estimated useful lives (e.g, 15-30 years for buildings, 3-8 years for machinery)[268](index=268&type=chunk)[270](index=270&type=chunk) - Intangible assets are amortized on a **straight-line basis** over estimated useful lives (e.g, 2.4-10 years for frequency usage rights)[274](index=274&type=chunk)[275](index=275&type=chunk) - The Company recognizes **right-of-use assets and lease liabilities** for leases, depreciating assets over the lease term[289](index=289&type=chunk)[290](index=290&type=chunk)[291](index=291&type=chunk) - Revenue from wireless telecommunications services is recognized over the contract term, while handset sale revenue is recognized upon delivery[330](index=330&type=chunk) [Disclaimers and Signatures](index=88&type=section&id=Disclaimer) [Financial Statement Disclaimer](index=88&type=section&id=Financial%20Statement%20Disclaimer) The included financial statements are unaudited and subject to the independent audit process - The consolidated and separate financial statements are **unaudited** and subject to the audit process[348](index=348&type=chunk) - Audited financial statements will be available in future filings with the U.S. Securities and Exchange Commission[348](index=348&type=chunk) [Forward-Looking Statement Disclaimer](index=88&type=section&id=Forward-Looking%20Statement%20Disclaimer) The report contains forward-looking statements that involve risks and uncertainties - The material contains forward-looking statements based on current plans, estimates, and projections[349](index=349&type=chunk) - These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially[349](index=349&type=chunk) - The Company undertakes no obligation to update publicly any forward-looking statements in light of new information or future events[349](index=349&type=chunk) [Signatures](index=89&type=section&id=SIGNATURES) This section confirms the official signing and submission of the Form 6-K report - The report was duly signed on behalf of SK Telecom Co, Ltd by **Hee Jun Chung, Vice President**[350](index=350&type=chunk) - The signing date for the Form 6-K report was **February 24, 2023**[350](index=350&type=chunk)

SK Telecom Co.,Ltd (NYSE:SKM) Q4 2022 Earnings Conference Call February 8, 2023 1:00 AM ET Company Participants Jin-won Kim - Chief Financial Officer & Head, Corporate Planning Team Conference Call Participants Sun Jung Lee - Bank of America Soojin Kim - Mirae Asset Securities Seyon Park - Morgan Stanley Joonsop Kim - KB Securities Hoi-Jae Kim - Daishin Securities Unidentified Company Representative [Foreign Language] Good afternoon. I am Hee Jun Chung [ph], IRO of SK Telecom. Thank you for joining SK Telec ...

AIVERSE Business Highlights | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------|-----------|-------|----------------|-------|---------------------------------------------|-------|-------------------| | Subscription \n120 | GMV \n140 | 150 | (KRW bn) \n155 | 1.0 | Subscription subscribers (T universe) \n1.2 | 1.4 | (million) \n+ 1.6 | | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | | | | | | | | | | | ifland MAU | | | (million) | | ifland cumulative downloads | | (million) | | ...

SK Telecom Co.,Ltd (NYSE:SKM) Q3 2022 Earnings Conference Call November 10, 2022 1:00 AM ET Company Participants Hee June Chung - IRO Jin-won Kim - Chief Financial Officer and Head of Corporate Planning Yoon Jae-woong - Head of Subscription and Marketing Office Yang Maeng-seok - Head of Metaverse Company Conference Call Participants Seyon Park - Morgan Stanley Seung-woong Lee - eBest Investment & Securities Neil Anderson - HSBC Operator [Foreign Language] [Interpreted] Good morning and good evening. First o ...

SK telecom 2021년 연간 실적 Investor Briefing 2022 Q2 Results 2022.08.09 Disclaimer This presentation contains forward-looking statements with respect to the financial condition, results of operations, and business of SK Telecom (the "Company", or "SKT) and its subsidiaries, and plans and objectives of the management of the Company. The forward-looking statements are influenced by unknown risks, uncertainties, and other factors that may change the actual results or performance of the Company. The Company does no ...

SK Telecom Co.,Ltd (NYSE:SKM) Q2 2022 Earnings Conference Call August 9, 2022 2:00 AM ET Company Participants Jeong Hwan Choi - IRO Jin-won Kim - Chief Financial Officer and Head of Corporate Planning Team Young Sang Ryu - Chief Executive Officer Yang Maeng-seok - Head of Metaverse Company Conference Call Participants Sean Lee - Citigroup Joonsop Kim - KB Securities Hoi Jae Kim - Daishin Securities Operator First of all, thank you all for joining this conference call. And now, we will begin the conference o ...

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 2022 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 ...

Market Share and Competition - As of December 31, 2021, the collective market share of KT and LG U+ amounted to approximately 55.7% in terms of the number of wireless subscribers[34] - The market share of the fixed-line telephone and VoIP service market was 15.7% as of December 31, 2021, compared to KT's 56.3% and LG U+'s 19.0%[39] - The market share of the broadband Internet market was 28.7% as of December 31, 2021, compared to KT's 41.2% and LG U+'s 20.7%[39] - The company faces significant competition from MVNOs, which generally provide cheaper rate plans, impacting its market share and profitability[35] - The monthly churn rate may increase due to intensified competition, potentially leading to higher marketing expenses as a percentage of sales[43] Subscriber Metrics - As of December 31, 2021, SK Telecom had Won 2,461.0 billion in contractual payment obligations due in 2022, primarily related to debt repayment and lease liabilities[82] - The penetration rate for wireless telecommunications in Korea was approximately 139.3% as of December 31, 2021, suggesting limited potential for subscriber growth[71] - The number of wireless subscribers in Korea reached 71.9 million as of December 31, 2021, with a penetration rate of 139.3 subscribers per 100 population[139] - The company had 31.9 million wireless subscribers as of December 31, 2021, representing a market share of 44.3% in the Korean wireless telecommunications sector[129] - The number of 5G subscribers increased to 9.9 million in 2021, up from 5.5 million in 2020, indicating a growth rate of approximately 80.5% year-over-year[151] Financial Performance and Investments - Capital expenditures for wireless network enhancements were Won 1,850.9 billion in 2021, down from Won 2,514.3 billion in 2019[48] - SK Telecom's capital expenditures for 2021 amounted to Won 2,915.9 billion, with similar spending expected in 2022 for various projects including 5G network expansion and IoT solutions development[80] - The revenue from the cellular services segment was Won 12,718.5 billion in 2021, accounting for 75.9% of the consolidated revenue from continuing operations[154] - The fixed-line telecommunications services segment generated revenue of Won 3,677.7 billion in 2021, representing 22.0% of the company's consolidated revenue from continuing operations[203] - The revenue from the other businesses segment was Won 352.4 billion in 2021, representing 2.1% of consolidated revenue from continuing operations[223] Regulatory and Legal Risks - The company is subject to additional regulations as a dominant network service provider, which may adversely affect its competitiveness and profitability[57] - The company is exposed to litigation risks due to the Securities-related Class Action Act of Korea, which allows shareholders to bring class action suits for losses related to securities transactions[111] - Any breach of financial covenants could negatively impact SK Telecom's financial condition and ability to repay debt[79] Strategic Partnerships and Business Focus - The company formed a strategic partnership with Uber, which included an investment of approximately US$50 million in T Map Mobility[66] - The company aims to leverage AI and digital infrastructure technologies to develop next-generation growth businesses and enhance customer-tailored products and services[145] - The company has redefined its business focus into five major groups under the "SKT 2.0" vision, aiming to maximize overall growth and enterprise value[68] - The company plans to actively collaborate with new ICT businesses and third parties to enhance its service offerings and market position[145] Network and Technology Development - The company plans to continue maintaining its LTE network while expanding its 5G network coverage, which is expected to be substantially completed within the next several years[46] - The company launched its 5G network in April 2019 and is continually expanding its coverage and enhancing service quality[151] - The nationwide average download speed of the company's 5G network was 930 Mbps, outperforming competitors KT and LG U+[181] - The company completed the nationwide deployment of its LoRa network in July 2016, supporting communication among IoT devices[188] Customer Experience and Service Offerings - The company has opened 790 T Premium Stores and 50 T Factory stores as of December 31, 2021, to enhance customer service and experience[197] - The T Membership program aims to improve subscriber retention by offering various benefits, leveraging the company's large subscriber base[195] - The company provides high-quality customer service through its subsidiaries, maintaining top positions in customer satisfaction indices for 24 years[201] Economic and Market Conditions - The Korean economy has shown mixed signs of growth, with adverse conditions due to the COVID-19 pandemic and geopolitical tensions, particularly from Russia's invasion of Ukraine[104] - Consumer confidence and spending have declined, influenced by the ongoing global pandemic and adverse economic conditions in key export markets such as China and the United States[106] - The Korea Composite Stock Price Index (KOSPI) has experienced significant volatility, which may adversely affect the company's ability to raise capital and the value of the Won[104]

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 MARCH 2022 Commission File Number: 333-04906 | | | | Decision on Merger (Key Management Matters of a Subsidiary) | | | | --- | --- | --- | --- | --- | --- | | 1. Surviving Entity | | | | SK Broadband Co., Ltd. ("SK Broadband") | | | | | | | Broadband Nowon Co., Ltd. ("Broadband Nowon") will merge with and i ...