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Last $18.93 USD
Change Today -0.44 / -2.27%
Volume 40.2K
SKM On Other Exchanges
Korea SE
As of 10:27 AM 02/8/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

SK T-Tower

65 Eulji-ro


Seoul, 100-999

South Korea

Phone: 82 2 6100 2114


atics services in Beijing, Shanghai and Shenzhen. In 2008, the company acquired a 42.2% equity interest in TR Music Co., Ltd., a record label in China. In addition, in 2008, the company acquired a 30.0% equity interest in Magic Tech Network Co., Ltd., a Hong Kong company that develops and publishes online games in China. The company is also expanding into the healthcare business in China through its acquisition of Tianlong and the establishment of SK Telecom Healthcare R&D Center in Shenzhen, China and the Shenzhen VISTA-SK Medical Center. Malaysia: In 2010, the company acquired a 27.2% equity interest in Packet One Networks (P1), a Malaysian fourth generation WiMAX telecommunications company and subsidiary of Green Packet Berhad. In 2014, Green Packet Berhad entered into a share purchase agreement with Telekom Malaysia Berhad, a fixed-line telecommunications provider in Malaysia. In 2014, SK Planet and Celcom Axiata, which is a telecommunications service provider in Malaysia, established a joint venture, Celcom Planet, to launch online commerce services modified to the Malaysian market. Indonesia: In 2010, the company agreed with PT. Telekomunikasi Indonesia Tbk (TELKOM), a telecommunication company in Indonesia, to establish a joint venture to launch and operate a digital content exchange hub (DCEH) in Indonesia. DCEH is a new type of content distribution system to distribute digital content like music, games and video clips for access by consumers, online music stores, and telephone operators. In 2013, SK Planet and PT. XL Axiata Tbk, an Indonesian mobile telecommunications provider, established an equally-held joint venture, XL Planet, to launch and operate a mobile commerce business, and in March 2014, launched an online shopping mall ‘Elevenia’. Turkey: In 2012, SK Planet and Dogus Group, a Turkish conglomerate engaged in various businesses, established an equally-held joint venture, Dogus Planet, to launch and operate mobile commerce businesses based on the commerce platform of 11th Street, in Turkey. In March 2013, Dogus Planet launched, an online marketplace for the Turkish market. The company also provides healthcare-related services in Saudi Arabia and social networking services in The Southeast Asia, United States and Turkey. Regional and International Strategic Alliances: The company also has entered into various strategic alliances with companies in the Asian and European wireless telecommunications markets. For instance, the company is a member of the Bridge Alliance, which includes 11 of the region’s wireless telecommunications service providers. Subscribers The company had 28.6 million wireless subscribers, including the number of mobile virtual network operators (MVNO) subscribers leasing its networks, as of December 31, 2014. Marketing and Distribution Marketing, Sales and Service Network: The company markets its services and provides after-sales service support to customers through approximately 20 marketing teams, 30 branch offices and a network of approximately 3,690 authorized exclusive dealers located throughout Korea. In addition, approximately 12,400 independent retailers assist new subscribers to complete activation formalities, including processing subscription applications. Business Strategy The company’s principal strategies are as follows: enhance the technical capabilities of wireless networks to improve data transmission speed and service quality and to offer an increased range of services, including in connection with development of new and advanced wireless technologies; drive the growth of wireless Internet in Korea; offer a broad range of new and innovative wireless data contents and services; create increasing synergies with the businesses operated by subsidiaries; pursue its platform business and B2B solutions business; and pursue diversification and growth through M&A opportunities. Significant Events In June 2015, SK Telecom and BoboBuilder will partner on the research and development of robots using 5G communications technology. In June 2015, SK Telecom and Nokia Networks have opened a 5G research and development centre at N


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