Q4 2020 SK Telecom Co Ltd Earnings Call (Korean)
[music] okay.
Yeah.
[noise].
Okay.
Okay.
Good afternoon first of all thank you all for joining this conference call and now we will begin the conference call by the fiscal year, 2024th quarter earnings results by SK Telecom.
This conference will start with the presentation, followed by a divisional Q&A session. If you have a question. Please press one in full and now we shall commence the presentation by SK Telecom.
Okay.
Yeah.
Yeah.
[noise].
Oh.
Today's conference call.
Presentation on the earnings.
Young CFO and head of.
But of course.
All of them.
The man.
Yeah.
All of them.
I apologize.
Good day.
But over the next year.
Yeah, Hi.
Yeah.
Good day.
That's true.
Plans for M. N O will be provided by young Yoon head of corporate center, one of them and tell me of Ha head of corporate.
The center will discuss the thought of the new items.
We also have here with us executives from the relevant business divisions.
Okay.
<unk>.
Did I cut you off so I want the Mueller.
Good day.
The largest kind of job.
Got it.
Sure.
Before we begin I want to remind you of that all forward looking statements are subject to change depending on the macroeconomic and market situations. Let me now present our CFO.
And you want to pick up that's good the locals.
Uh huh.
Joe I'm going to use the little tiny.
Tony.
Yeah.
Good afternoon. This is Tim young young CFO of SK Telecom, let me first discuss the consolidated earnings highlights for fiscal year 2020.
So none of the B.
Uh huh.
Sure.
Okay.
We don't get into the model.
And the nice people forget about the wrong.
On the two wondering if part of it to the meal. The middle video of one must be of wouldn't help net they.
Everyone gets the orders from Delek U S.
Goodbye.
Okay. So what's the Duluth.
One of a bunch of using messenger.
Consolidated revenue for fiscal year, 'twenty 'twenty recorded 18 trillion of $624 7 billion, one of 5% year on year of well diversified I think.
The old built around hyper connectivity enables quick adaptation of the non face to face business environment, Thus, resulting in sustained quarterly growth from all business divisions of it and then no media security and commerce as the results we reported another record high revenue this year.
The year.
The only be good inflow of sometimes all day.
The question Doug.
And then the where you cannot own do you hear me come out of the you give them they can be ball and other Debbie.
Types of interest in Guyana.
And then one of you I should this holiday season one.
There'd be shipped more than 20, something a couple of incidents of J L.
Do you I used at hobby doing that already.
Thank you.
The.
Consolidated operating income recorded one Phil young $349 3 billion, one of 21, 8% year on year. Thanks to it and then it was operating income turnaround in operating income improvement of media and commerce, the context of kind of the new ICT businesses to earnings excluding income.
Free 10 percentage points year on year, the 24 per cent.
The free shipping.
The businesses began to contribute not only for revenue for all sorts of operating income.
I'm going to need the Hudson.
For the young younger.
The other day all.
Net income flow.
Thanks, Jamie per cent year on year of the equity method income on SK planet.
Okay I'll hop of LG.
From come off so you have for another day.
Somebody asked me the let me now discuss major achievements and strategic direction for each business Division.
It's good to look for them and got their minimum net you're doing so in other that'd be each of them probably for them teaching gun she'd be the Georgia, how big you should do but wondering if you're asking me the.
Well the notch poodle, Yunnan looming mutual completing each of China's <unk> five.
So I'm sure that he told her own ghansham value coupon IL younger metrics not only the the time somebody asked me the.
Non consolidated M N O revenue for 'twenty 'twenty recorded 11 trillion of $746 6 billion, one up two 8% year on year decline in roaming revenue due to the pandemic had a negative impact, but we achieved an annual revenue of turnarounds based on five key subscriber growth and data usage increase.
How much of your good so none of the B shoot some of them put them pushing gun enjoy EBIT.
The nuclear plants for me, though.
The team Bianca I'm got hung up the engine goes up.
The Hudson Guy is not five but you won't see it the other metrics some guy who cut all of you don't Wanna be you get to the door for not only the really doing it for me the.
And then the operating income grew seven five per cent year on year to record one trillion 23 point of 1 billion, one while marketing expense and depreciation and amortization costs increased revenue growth back five five the expansion led to a turnaround in operating income as well.
Each one of you from doing that even though none of them on took the one going into the non guar, how many docs Chung in young with all five of the J I missed the don't see alcohol. She's young you did what you do co park one of them and what is this a bunch of how can I ask for me the fibre channel and you shouldn't get nitrogen Webex. How did you pull them out of that you'll get some yeah, you might in and get them on the other.
Some of the highways for me the.
On the door and younger gets you down the examines all the other ones, obviously youre getting from the hydro I don't want their NAV.
In 2020 hour and then of leadership was confirmed as the increased five <unk> market share and maintained the number one position through reasonable market operation and distribution innovation to cater to the non face to face business environment. The <unk>.
The 50 of subscriber count stands at five point for 8 million as of the end of 'twenty 'twenty, which is expected to reach 9 million by the end of 'twenty 'twenty. One we will continue to increase the subscriber base with new services and see this innovation, while maintaining the stable market trend.
None of them and on the flip of them would you buy the company.
You don't you're not saying that all the time EBITDA.
That's how the underdog flow away, who love the game week of loading of the coupon at all you don't get away from Portland smelter pointed to the most of the entire.
And then kudos from someone should show you as an email who looked at the one it's good to look for me you don't get them for you again.
John Cool telecommunications little housekeeping for me.
This year, we will grow and they know of business into an AI platform based subscription service company based on flow wave cloud games, and the coloring, who subscribe button subscriber bases have been expanding we plan to introduce various subscription products and services to go beyond the boundaries of mobile lines for.
The smartphones the.
Subscription products will be offered not only to SK telecom M N O customers thought to everyone in Korea.
One of you could look to them for the search from industrial kind of I guess I'm gonna seats at all Yeah. Your Gabon production from the point of my Google They much of it you don't get hundreds of me. The Lockdown Company then what day of men with him more crews up on young from the Muslim stimulants.
Just from your always for meal imaginary var channel.
Susan do you have I can see subtle she was one of the targets.
In addition, we will create an AI based subscription service platform with easy accessibility and restructure of the membership programs, we're making all the necessary preparations to implement these plans because of the subscription service company is of new gold and direction of mineral business for this year and we will do our best to make this on.
Opportunity to expand the scope of business.
The other than escaped the been the younger kitchen at all sort of hung George I'm very comfortable the Nokia will have for me the.
If you go to the younger I P. T b kind of judging got all the initiatives for me put into syngas meal.
What's the geography of people you won't be blunt some of them to be once you put somebody put into true God each one of them big for virtual classroom enough.
Moving on to media SK broadband consolidated revenue of recorded three trillion of 713.5 billion won with the T broad merger and I P. T V of subscriber growth it rose by 17, 2% year on year. Thanks.
Thanks for the record high revenue operating income increased by 59, 2% year on year recording 339 billion won.
One of them the children you draw sometimes on the passenger but wondering if you're asking me the should do one from Guam, the Shizuoka home to charter school in the Olympics of loosened them, because all the people who give them telling them. Yeah. So and then the b shoot some of you put in pitching Guy asked of me that yeah.
The older you're going to see because of all for something for you at all so you're going to be parts of me put it becomes one tons per day for all of a neutral place for me though.
The Treaty business recorded one trillion of $338 6 billion won in revenue with sound growth of core business, such as CMS and information security and new businesses, such as home parking and contactless solutions related to COVID-19, the revenue increased by 12, 2% year on year.
Operating income recorded 149 billion, one down eight 2% year on year due to reasons related to new business expansion.
For most of them the children onto two lung goss of luxury markets in Colorado, one correction guy at the at all so none of them you should get some help for them teaching gun Olympics, how did you come out of the mutual class for me, though.
All of you can picture, but wondering if you will co unions.
Unions, what's the general time somebody asked me the.
How much of that you don't get Colombo come January she looked at him common day from what all we own from younger you from going from here for someone that's the month.
I'm going to get all of them about tuttle with us from giving any of its hobbled or excuse me at the don't go there. So I guess for me though.
E Commerce revenue recorded $814 3 billion, one up 12 point of 1% year on year. Thanks to G. M D growth driven by the context.
The man and specific market to drive operating income recorded 11 billion, one posting surplus for two consecutive years.
'twenty 'twenty was of your when we achieve greater volume and higher margin. Despite intensified competition in the Oklahoma market, we will make efforts to strengthen the competitiveness of commerce business based on our experience last year.
How long of the corporates to get all of you I used it all of it will go off of definitely Oh.
Most of unless you get some of the.
The next Chung of Ha head of corporate center, two will discuss the achievements and strategic direction for the new ICT businesses.
The North America, SK Telecom corporate two central zone, how showing any of that.
She told me from Park.
Good afternoon, I am telling you the ha head of corporate center to allow me to discuss the achievements and plans for the new ICT business Division.
A bunch of it all of them be dealing with the chinanet is capable of dependent than people, who do I have to lose some of them to a little ones for me, though.
First of the media business last year of the merger of SK broadband and T. Broad was completed successfully.
The only other who call our IP TV church and going out of it all you should've done kitchen, how bad will commend you don't go the other request for meal you do it.
By the time at all.
Many of the chicken, which for me is you don't want the hugoton and someone asked me that.
You should build on it all the deals from Drunks, who Oh man cause some channel yogurts among them at all.
Thanks for the effects of the merger and I P. T V subscriber growth we have secured the 8.98 point of five 9 million pay TV subscribers in 2020 based on which we achieved record high revenue and operating income we will continue on with this high growth trends through media business growth and B to the business expansion in <unk>.
The 21.
Palomar and plenty of meter Tonight.
It should be at all of your loved ones the telephone guar, sometimes at the cutting of yeah ADT caps of Wow, It's carrying force I got the only for Chile pool for that you can get a feeling you while you're doing your job.
Any at all.
SK Telecom will you find that you have.
A I can't even for say at least from boot barn flipped from ADT caps, the interest only and probably kind of per cookie ban from up once obesity for.
Obviously, the stomach some day in August.
Next the security business in November last year, we decided to merge the ADT caps and SK infill fed to lead the security market and accelerate growth and the merger will be completed in Q1 of 'twenty 'twenty, one where the time and to lead the integrated security service market by combining SK Telecom five D N a I S.
K info sex information security platform and ADT caps the M S infrastructure.
As part of your own units with the machine. He didn't catch the then young the Chile, a Shanghai battle when the kicking it off.
I'm doing anything other than in Q2 base hung in each of them you've joined.
The maturity of tomorrow with the loss.
At the time of acquisition in 2018, the annual revenue of ADT caps was around 780 billion. One after three years, we expect that the revenue of the merged entity will double to surpass one six trillion won this year.
He also Komatsu me the homeless yourself with them she needed for J D.
Michael.
Got it from day one.
You don't want vehicles or other types of all asking about.
Moving onto of Commerce business recorded a two digit growth N G M D and achieved a positive operating income should.
It should be bombed I know the lawyers marketing today, so we'll be trying to gauge the only commit the chicken demand. So that's the one bucket of Tenneco man she for them to use on the air cadets and Gotta catch the meal S.
That's the case ponton, who can't keep on with Keybanc.
Switching them yet.
By the time, it all of which puts it until you suddenly codecs from day, one cause of someone asked me about 11.
The 11th Street's all of them more than 10% growth in T. G. M. B, thanks to strategic marketing such as co marketing with sellers and providing point benefits to consumers SK stoa achieved the G. M D growth of more than 50% on the back of a virtuous cycle of growing customer base and expanded product sourcing capabilities.
I put all of it should be borne by the N global your tone of Hubbell platform with all of them to another question you die.
It should be like that.
D G I imagine the <unk> ecommerce as a function of the yeah, nobody should deny all victory should be up on the other two man I imagine and some from the local may actually get that question of me at all.
Going forward, 11th Street will emerge as the global retail of hub platform I suppose the announced in November of last year, we will cooperate with Amazon for E Commerce business innovation to allow customers to buy Amazon products through 11th Street.
All of them at all SK Telecom it has a bunch of itself, but also on Shanghai and mobility of me that.
She now and it should be a lot of true bomber and human mobility, None of June got home rental car sedan.
You took she the allowed and then all the non mobility as a service helped at all so I'm kind of a question at all.
Let me now touch upon mobility, which has become the fifth business Division of SK Telecom launched in December last year T map mobility will grow into an all in one mobility as a service provider that covers a wide range of services, including public transit car rentals car sharing in taxi.
She meant mobility of known well, what's the actual true from doing terrible the on Jb's on the meat there'll be citrus for the how are they kind of couple of weeks in Utah.
One of the JV, Ed you talked alloys.
Could you go to the med mobility at all which are mindful of the Cherokee team.
The team at mobility, and Uber will establish the joint venture for of taxi hailing service in April.
All of our plans to invest more than $100 million in the JV and around $50 million in team and mobility.
But you might get or what day. It sounds there really shouldn't be a co and then once toy day of my son did against any of that.
Once the O&M human judgment day. They just gave me Joe Moodle EOG, the Pennsylvania, Julien told all the oil boom.
And so what are some of the yoga voicemail Chinanet kangaroos for the judge on other sometimes people ask me that.
Once the law and then what else you took from downhill.
Yeah IPO of the interesting that the August in the Dr. Leslie.
Lastly, let me move onto one store, which is preparing for an IPO. The seer backed by a virtual cycle of growing number of users and large game titles G. M. B growth continued for 10 consecutive quarters and the business became profitable in terms of net income last year, we will maintain the revenue growth trend the seer for.
The one store and proceed with the IPO process.
Yes, I'll share focus all the Chinese should be young shutterstock items of the mismatch.
I will now hand, it back to the CFO, who will discuss the guidance for 'twenty 'twenty one thank you.
Each one of your from your own pet Hungry man.
The good things from them, but I'm going to turn on of the plum on bundle of neuro, Utah.
The meal, how much on gauge for dish when you're thinking of it got her children will have some day they don't give me the.
And then for 'twenty and 'twenty of husband decided by the board at 10001, including the paid out 1001 interim dividend the amount will be confirmed after the approval of the March a T M.
I would welcome young Jake I don't sit there most of them did he gets to me the what day I'm getting the children and why do you actually just hard but somebody ordering from you out of per tone at all so when you're on the B I'll put it into some done she called dual channel Wonder if the amount of wait for me the till the time, it's obviously true Tristan is how I guess for me the let.
Let me now present to you this year's guidance. According to the management plan annual consolidated revenue is expected to be 19 trillion of 500 billion won up 5% year on year based on the solid growth of both <unk> and new ICT businesses, we will do our best to exceed our guidance.
Each one of these from downtown San N.
You do have in the appendix, calling in for the door you off the two of them at Truecar.
Do you get from doing it on any of you mean until you should've called what for me. The Ontic. This how long is the dog I'm, giving you all go to the judge the near the top with the pretty well yeah. Yeah. You did by the time would want you don't kick in sort of as to what keeps me up for me when the when you'll get the wasn't enough for me the.
The totality of high purity of plumbing help with liquidity of the product with the woggle wouldn't all of this all yeah, you're walking around some of them from gone at all so congrats on getting the playoffs for couldn't give considerable interest rate through brokers for me that.
In 2020, despite the unprecedented pandemic situation SK telecom achieved meaningful results with the highest ever revenue and operating income growth. We believe that these of chase men's has been driven by constant innovation of services and technology based on AI and a competitive business portfolio.
That allowed us to remain competitive in the non face to face business environment. The.
This year, we will further advance the business portfolio carry out our first subsidiary IPO and strive for a constant innovation and growth based on AI and openness in order to create greater corporate value.
Does that line of listed up on today, she hopes of getting from you. What you did at the Pennsylvania kind of telling me. The we ask for the continued interest and support from investors and analysts. Thank you.
Grant of chicken little credit inefficient I should ask other pockets for me the go out of named generic the pimco.
Going on there.
Now the Q&A session will begin.
Please press one in for if you have any questions questions will be taken according to the order you have pressed the number one in for please press one in five because he wanted to cancel your question.
Yeah.
Yeah.
Yeah.
The first question will be provided by <unk> from NH investment <unk> Securities. Please go ahead Sir.
Dan you know what I feel in each of the Jimmy massage from engagement I'm, telling me the <unk> to the moon to deal flow in and deal I'll check. The names just one question on the sugar to Stonegate typical Joel.
And then you issue Ingo ahead for me the most of them don't go to book on a go.
You've been pushing me something Watson deal all day on the E. I N. The age of it will depend on kind of a Sony Lindsay Oh by the symmetry as you seen the ninth somebody somebody should be on Kentucky.
We went in and it.
Tons of outcome in danger of corridor from joke of fiber you're opening day from true Shankle of today.
Well, you'll get that in young day.
She took him the chance to estimation of what I'm sorry for that.
Thank you for this the opportunity to ask your questions I have two questions. The first question is in recent months. So you can see that there has been a lot of talks about the possible corporate governance structure change and there has been some legislative changes as well so what is the likelihood of any meaningful corporate.
Robin has changed within this year of can you provide us with some color on this topic. The second question is about price plans recently three telcos in Korea have been launching of lower end five cheap price plans in a competitive manner. So what is the impact of this lower end price plan on your earnings.
Yeah and interest in Ghana, I'm, giving you an interim look I'm proud of them at all.
Mr. Han and thank you for your question.
The group in general.
The big with you and then I'm going to because of the stuff.
Let me address your question regarding the possible corporate governance change of according to the legislative change.
I'm talking of the minerals Harpoon on your Dod Upc's cut true.
Sort of in jumbo the answers you've got the she could go out of its rundown of for multi mode to head with them kind of some of your order book for the 123 years.
I'm wondering if you go for the tonnage although you can get other God I didn't get into of what else would be the.
They still based on the ultimate goal of maximizing shareholder value by of having not only of our M&A business, but also new business is being recognized in there of value in the financial markets. We have been open to all possibilities and we have been exchanging opinions with various stakeholders, including shareholders of Jay.
None of it for months and quarters.
Some of them by the end up some of the penetrating other dummies, you've got it sounds like the run down in coupon Jones of high Yeah.
The mine is going to stand up on both of them to kind of pushing me. The we have not made any specific decisions regarding corporate governance change, including various options of from taking off for some of the businesses. However, we have to mention that the basic assumption will be to maximize the value and we will opt for options that will be.
In line with the interest of shareholders.
You already learned in the journey and then the Roche Dunga until Q1 of the law gets to me the answer.
Soon as we have some specific decisions will the communicate them with the market.
So once it was her own you wouldn't do the Linda Oh, Yes, I can pick a day, that's all something to the guests to me. The let me now move on to your question regarding the potential impact of the new price plan on our earnings.
Do you need or you want single day of trust her at all until the plenty of them down into China for me the.
In January of the Sierra as the first case of.
Reporting and announcing new price plan under the new regime, we have announced the new.
Lore and plan on.
I'll take the planet names when it can come from it or you don't you're going to be like how much produce I don't mind me I'll be the men's will be turned off and interact with the them on the ones you're moving from weeks to meet all of this new price plan is an online only price plan, which is about 30% lower than the existing tariff scheme. There for as we have seen the increase in non face to face of consumption.
And for ASP and a lot of interest in this price plan.
The if I'm sick.
So don't take out hunting Debbie I put on the football sort of who gets the money how many of Duncan kaka. The single Hypes of election got table that for something else on universities, because most of them either of compare.
Two the existing tariff scheme and the selective discount option. The art pool is likely to go down slightly however, with more reasonable pricing available in the market, we expect the new subscriber growth and revenue growth Haswell.
Sometimes the thank you.
Parliament of attainment of disciplined and patient in kinetic he made it in any of you got to many of the true.
The next question will be presented.
By Kim Hoi Jae from cash and Securities. Please go ahead Sir.
Yeah, and the only thing that would cause any quicker.
Is any of that.
Fortunately I'm going to pay down the returns you're getting on the coach from Gunby then the Hynix for me trying to take it sounds like you can't get the win and then.
Okay, that's clogging of the critically injured from actually for Chi.
He knows the PSC.
In the.
And then I was hoping on the go to church will keep moving.
Because when you turn on of your drug et cetera, which of them to extend the day.
For me I mean, I was hoping on the John just one quick comment Yeah, Tony Zone.
Considering that many of the Columbia.
The one thing.
James from Nashville, and the true okay. Okay. So you should be they should just take a chunk of it shrunk in the cricket.
So you put the Union bank, which many of them.
The companion for dish and equal I'm, sorry could you like the things how long is what's going to do pretty well.
Good day.
It's the Hungering until Monday, so cool.
The comes out of that.
Thank you for this opportunity I have two questions. The first question is related to your dividend plan you communicated to us that starting from the year of 'twenty 'twenty one the interim dividend will be linked to the dividend situation of SK hynix in the subsidiaries. So what would be the overall D. P. S range going forward.
And as for the ear and the dividend. It is linked to the performance of your M. N O of business and current me you said that you will maintain the level of 9001, but in order for this to be maintained or to enjoy some of dividend upside what will be the level of M. N of performance that we will expect any guidelines for that the.
Second question is regarding the market competition landscape.
Before the Galaxy 21 was launched there was some talks about potential increase of subsidy for this new device and after the iPhone launch in December last year, what is the current marketing situation and what is your outlook for marketing all of the situation going forward.
Yeah, I shouldn't even connect communities of your NIM, she's moving up with other than that.
Thank you Mr. Kim for your questions.
Pay downs from Turkey.
The downtown Chicago, and the start up into the gets to me. The let me first give you comments on our dividend policy for your 'twenty 'twenty one.
She and other things I know in the minerals on current coupon on Zhengzhou can pay down of the coupon a little hot day hunting students over the phone call.
I watch them going through the other from car wash member of Duncan.
So I looked at all of them you haven't done it because I'm going to share that about somebody asked me the last year, we announced our dividend policy direction, and we mentioned that our dividend policy will be maintained in a stable manner by linking it to and then of performance and we will also be more flexible in our dividend, especially for interim dividend by linking it to.
Two of high Nexsan other subsidiary performances, you don't you won't see the alone you would either of course as well, yes on the wall Hynix the utilization of young paradigm.
This will force hung of meant that a chunk of them. It I'm sung a day actually got Yankee they've gotten the NIM goes right we used to be the.
This basic stance will be maintained but we do understand that there are market expectations about the interim dividend upside as the dividend from SK Hynix has been increased slightly.
Oh come on I O you'd probably those are the only who jumped into the doshi dunga communication has to be sort of I guess for me. The in consideration of these factors will make discussions at the board and once the decision is made we will communicate this with the market.
Each of these from young came out of the dominant lots of them getting the Ot Pearce of concern on the roof and somebody asked me that the.
The year end dividend for fiscal year 'twenty 'twenty as was announced has been decided at 9001.
I'm kind of in the minerals and junior call of young true at other okay to each other.
The children, because when I, Oh, I don't know.
The other two.
You can see through the auction I don't know how little pockets of me that we will do our best to increase our dividend payout capability by accelerating revenue growth of various businesses, including operational efficiency improvement and strengthening of competitiveness of our M. N O of business you upheld the Roche would you what they're telling us all social kind of getting to the one on Trump took a day.
So for me now we pool for children under the old She's done got communication I guess for me the.
In addition to that we have been spending a lot of time, considering various options of measures to make our shareholder return policy more effective and efficient in order to maximize shareholder value. Once we have some specific plans for the communicate them with the market.
Once it all of the children buckets income didn't come off then.
The data have done did he gets to me. The let me now answer your question regarding the intensifying competition in the market in terms of marketing.
They don't want the money Tricia the day, my daughter uses of what dose you're going to be something on the vote on two of them, they're getting the to me that it is quite a natural phenomena that subsidies go up temporarily whenever new devices are launched.
From a bunch of getting she's done on Keytruda and did you book the way cool what day it or you don't use the noncancelable goes the wrong, what should I wait for me. The however, overall the market's stable market trend is continuing and we expect this stable market trend to continue for the rest of the year.
I put all the other things on a pure junior and you have you ever done. So obviously drinks of medical in July from generally from day in August for me to go.
Going forward SK Telecom will continue to lead healthy competition based on differentiated services rather than price for of course competition.
Thank you.
Tom or with any of my data, but then how not deciding Cornell Ethernet you may need a two minute is true.
The next question will be prevented from.
Alright next question will be presented by Ethan Hawke from Hanwha investment <unk> Securities. Please go ahead Sir.
The same language because of kind of from Utah congratulatory meant that he gets some day.
Once the 3 million, Hey man the way I'm, sorry, Yeah, you bet and kudos from companion tell you everybody Smith chairman there he bunni, you're kind of things all get hung at the Okay. You guys haven't been including some from glass type kind of a true true doing potato games hanging from going on either.
The 163 million in China in the shipyard.
It could be more of a teammate mobility Peter Triple net same day on boarding on mobility of just that'd be helpful to the sometimes standard Guangzhou purchased for me that puts the thought of you who are all of this helps until kind of Angra homeaway.
We need to when you did he wished for me there.
Thank you for this opportunity I would like to ask you two questions. The first question is that in your presentation, you mentioned that Youre planning to transform your and then the business into an AI based subscription service company and this is quite new to us. So can you elaborate more on that especially in terms of your.
<unk> of subscriber increase or revenue of target. If there are any specific targets six share them with us and the second question is related to your mobility business in December last year of the team and mobility was launched and you mentioned that you will grow this into an all in one one of mobility as a service company. So what's the currency trade.
And after all of this.
Entity was launched and what is your expectation for this company.
Yeah, how long is it going to you can argue the NIM when it comes out of the to me the upon check with the company for lunch the banana chair of the entity.
The <unk> mobility for lenders and then I don't know the center, saying he's not doing too little of I guess for me Doug.
Thank you Mr. Lee for your question. So regarding your question on M. N O of business I'm going to cover this and then I'll hand, it over to Mr. Hart for the mobility related question.
Each of you should be on the immuno tabun EA play from Cuba.
For the telecom from marketing company, the width and attitude and the tongue I sort of went from just what it is.
The bundled with the army that.
In the 'twenty 'twenty, one we would like to create a new growth story by transforming our it and then all of business into an AI platform based subscription service company.
And that's really the muscle for F. N B, who you then kind of the England, Ireland young against you of help tell us the goggle will give you one other the impacting the from from glass, obviously, those who chose kind of give me. The so we would like to go beyond the limits of and then all of business to collaborate with various players in the areas of F N B education.
Rentals and travel so that we can offer a subscription product and services that will have huge impact on our customer you know of.
And kudos from hung from bucket is going up from gives you a little bit of should you be yeah. Yeah mine the throne in put out a couple of your call.
So you can you'll kind of marketing to the memberships or the root cause of what do I don't want see true kept coming from between EBITDA.
In order to carry out the subscription service company related marketing. We're currently in the process of building a new infrastructure and we're also preparing to revamp. Our membership program that has been used as a very strong marketing tool as the telecom company.
Character of my time at all of your Chinese Union change.
Just from your oncology, who book Jones hung from types of each of them don't work for critical channel one of them.
The three largest notebooks that always for me the based on these plans we target of 20 million subscribers to 20 million of subscription service users by the ear of 'twenty 23, and the revenue target of 600 billion won.
Corporate for central Shanghai only items.
The two men mobility from tell you has helped you and how long of a human mobility of your child yesterday mentioned that he gets to me at all.
I am young you have from corporate center to let me answer your question regarding the performance of team of mobility. After the split off and are of the strategy.
She now and should be more of an S. K T E mobility hope of weapons of Hey, Tim and mobility at all from Shake Triple net.
As he mentioned in December of last year of the mobility business Division of SK Telecom became team and mobility.
If all of your chimney, obviously shouldn't be watch and learn from it.
Oh boy texture of JV, it's all of them. It's obviously from the Citrus and then how would you consider all the time.
In terms of financial investment of raising and surface preparation were smooth sailing right now and we expect a joint venture established with Uber for of taxi services and the official service launch to be happening in April.
Do you enjoy the bar will.
Mobility as a service at all of you who can get overall true shaky Megan at all we're also planning to launch of various services, including a designated driver of service and mobility as a service in the gradual manner.
She may mobility, none of them.
Mobility flip them in she met the only keep on the road that's Okay shipyard, which was from Lewis from Johanna you seaborne young touch on module he kept quite true.
The team.
The team of mobility is planning to grow its five core areas by utilizing Koreas largest mobility platform team up and the corporate value target by 2025 is for five trillion won.
Was all of them to see young elite team at the life will play point of view the Pongolle UBI usage based insurance to each other and he joins all of them of fish kick off to join the half done they'll kill memberships will be sort of shake of anything at all the for.
First of such core areas is the team at lifetime for them, which is for a b to C. Customers. They include advertising usage based insurance parking and other existing businesses, which will be expanded and we will also launch new types of subscription membership services.
To be young agreed she met with one of them shut down the digital hundreds of times little hand embedded CNET TV, sometimes people deviation from the non Utah entertainment them.
She got for you on blueberries and figure it out for them at all of it sounds cute or they give you that.
For B to B business, it's going to be centered around team at auto which is about growing the embedded team that business for a car Oems and we are planning to expand the mobile ecosystem to the vehicles by offering by offering navigation as well as infotainment services.
Mobility on demand do you have a guess on that.
How do you enjoy the plant and you don't want it from you and then could you talk of lip on top of the generic if they can do that.
And for mobility on demand area, we are planning to launch digital platform business, including designated driver service and many other mobility services that we will.
We will mediate.
The young boy the T V.
How 'bout items, obviously taken one of your Hagen Dazs and for of Texas Service, we're going to offer a differentiated services in collaboration with Uber for joint venture.
The amount of at all.
For this year, you always see none mobility as a service for the.
Finally, we are preparing for of mobility as a service where various transportation means can be utilized and bundled in one service.
Thank you.
So I would argue relationship and Katie you can kind of can you maybe you guys haven't had just true.
The next question will be presented by Kim to the top from Kb Securities. Please go ahead Sir.
Yeah. So what gives you that I'm, telling you the opportunities of cookies using them all.
The video local of what's going to the what's your read of some of what the ideal well the chicken cause people to question on just come on a day or so of your neighborhood Watson will take the subject to at the onset of yogurt okay.
A couple of ways for them.
Cause to look the nicolson deal or non should be the water well she could even go out of other than there is how long it there's a provision took it from them.
Our global geopolitical motorship I'm glad it's one of those cute mother's day.
Oh sure you talk of a global you talked really for me I don't want yesterday one of them.
One of my own I'll use of it you should or shouldn't be an email on top of what was the quality of the top of the ultimate discipline.
From the gun golf.
Thank you for this opportunity I would like to ask two questions. One is regarding media and the other one is regarding commerce. So you mentioned that there was a lot of interest in all of OTT services and for your wave business.
Are there any strategies related to collaborating with Disney and other companies and the second question is regarding commerce and U U can you update us on your partnership with Amazon Since November <unk>.
Mentioned that you were planning to grow 11th street or the global retail hub price for them. So if this happens in the near future. What is your specific use of target or T. M. B target what is your overall strategy for this part of the business.
Shimon just in case, you've gone from Jim Sabia name I'm, sorry, The day me. The thank you Mr. Kim for your questions one Joe of Weibo from Chengdu of Yoga for at home. If somebody gets me. The first let me comment on your question regarding waves strategy to go to maintain competitiveness in the market.
How do you kind of and Sanjay of IP TV OTT the point on the deal young of gets all of the treatment choice of them, you'll get the head of Linda said all of them always in Utah took so long as how long each of you and so many days on the touch on the uncle peso on the Germany, I haven't talked to them at all.
SK telecom in terms of media business for I P. T. B N O T. T. We are open to various options for hyper collaboration but please do understand that we cannot disclose any specific names for potential partnership.
How long do you, even and now that I could turn your own ramps you mentioned Linda other than what is it other contents, which will show up the law. She talked about Clinton suite of the penthouse soothing Amy ball you shouldn't Union June even when you don't watch other it'll be part of who I am done instead of just incredibly cool you shipped from the young woman one you don't get sort of somewhat purely hung and non Jamie the.
In the fourth quarter of 2020, there was the original content lineup.
Lineup of expansion, including delayed Justice and she told me if you can on the wave platform as part of the popularity of our drama series Penthouse, which was broadcasting of terrorists boreal of television network. As a result of we weren't able to reach the annuals are paid TV subscriber number of 2 million in.
The 2020 and the subscriber growth rate has been continuing so we're it's smooth sailing and achieving our target of 5 million pay TV subscribers by 2023.
The wave and then what is the potential to start the globally two of them whenever that comes in Yokohama of young time behind the completion of anything at all.
Kearney wave is considering various options to improve the competitiveness of through original content investment expansion and global partnerships.
Polymer and commerce of what you're doing in I imagine some of the auction. They had all of them is obviously the messenger the isn't it off let me move on to your question regarding our 11th Street and cooperation with Amazon.
Sleep on the other than I imagined from yoga mat she'd be bond guys Hall, who get the D I imagine something from local municipal.
The production between any of the.
I imagine one good net did I guess without getting to make them on the chicken once the sequence it won't get down at all.
For any 11th Street is making for probation in collaboration with Amazon. So that 11th Street customers can purchase Amazon the product at the 11th Street and together with Amazon and we expect to offer unique shopping experiences for of domestic customers I.
Imagine anybody one that doesn't have any of them at all other than she led with it I guess, how does that then it typically doesn't want to give the yet to be doing anything at all.
Based on smooth cooperation with Amazon, we are now in the process of making preparations. So that we can offer differentiated benefits and services to our customers as soon as possible.
I forget that it should be a bond guy at all I imagine some of them will come out of their own yet other than to Cook will get religion gone in true picture and go to your job she coupons on the at all.
Most of them down the road or you'll just from mine at all when customers purchase Amazon products I'll, let 11th Street. This will lead to an increase in traffic flow.
For direct cost border of buying.
Find cases, and this will not only increase the volume of cross border of purchase but also the of increase of the scale of domestic shopping.
Should be up on the imagine one of them in yoga and challenges how do you want the in magic was generally looked at all your true.
Considering the time of Aneel met all of the D had mentioned sort of have mentioned should I say, but I cannot give you a little kind of kicking it off this collaboration between 11th Street and Amazon is expected to increase the size of domestic cross border of purchase which is cranny of around four trillion won in volume and we will also work.
Hard to allow the domestic sellers to sell their products overseas.
The one that's K T. None I imagine the glaucoma.
That kind of of ICT Young I guess I'll just.
As of June should argue that academia the.
SK Telecom also expect AR to continue to collaborate with Amazon. So that it's not only of commerce area, but also in other ICT areas will create synergies.
Imagine I'm glad the capped a one time charge on the improvement of this on an affinity of the audio and John young of interest coupon on the Dol.
You kind of interest for them and without all the trucks out of my somebody to the little pockets of the at all.
Because of the constraints of regarding.
Regarding the contract with Amazon, we are not able to provide you with any further details. So please do understand but when time is right. We will communicate more details for the market.
Sometimes it up thank you.
Well the name Horseshit, Jimmy Chin when they give you a publishing I all day.
The same when does he remembered the kitchen you that.
Because I mean from Boone pop up on the sheets.
Bye for now.
Net debt.
Okay.
My name of what I'll tell you when did you ship within a matter of interior you day I mean, you got two minutes of true.
Our last question will be presented by the U T Heck from Merrill Lynch. Please go ahead Sir.
I'm, telling you that goes into other.
Those are the Oh, the cause of kind of critical with reductions in day.
Yeah.
Could you gauge for better subsidy revenue it should reach umbrella.
Oh.
The two picks it wasn't anything be price.
Uh huh.
A portion of the day.
But he doesn't really.
Good day.
Yeah.
Yeah.
Ask the question I have two questions. The first question is that you mentioned in your presentation of the overall guidance for 'twenty 'twenty. One in terms of revenue can you provide us with some breakdowns of the your outlook on M. <unk> revenue and the second question is really to keep ex in two.
'twenty the executed Capex have declined quite substantially so what is your outlook for the deployment of key text for 'twenty 'twenty one.
Yeah Middle of this isn't going to you you need to move on the other give me the.
Mr. You. Thank you very much for Miss you. Thank you very much for your question.
Yeah, but the one judge of the Moon and agree the Middle group of buyers of almost 2%, Colombia true among of the day most of them did it get to me the.
The first let me answer your question regarding the and then all of a subscriber and revenue outlook.
Yeah.
The other among at the regimen can do somebody gets Mun Shieh Blue zone, a minimum of holiday of a wider types of insurance for NIM to be I mean, it's a couple of them due to political sort of yours.
Of course, we have to see the pace of subscriber growth going forward, but we expect that the mobile side wireless revenue for 2021, it's going to increase by 3% to 4% of year on year.
Capex for the day, so noon eastern Washington, the Capex food handling the.
Susan day at all for future of what dose dependent at all.
You don't give me the.
Regarding your question on the Capex outlook, it's going to be similar to the level of 2020, and we will make sure to manage our capex efficiently from somebody.
Thank you.
Yeah, one of the juice.
Many of you Gotta do for copper of course from some of it yourself that comes out of the wheel short for the moons, Hong you, especially for me I'm, sorry, I O T Mary of luxury about them either.
Thank you very much for joining us for this conference call. If you of any further questions. Please contact the IR team. Thank you you talked about all of your Chinese from young guns to the story of the uncomfortable squadron of much of the request for me that comes out of the Doc. So this is the end of conference call for fiscal year 'twenty 'twenty for SK telecom. Thank you.
[music].
Okay.
Thank them for thought she didn't W. Chicago from you that came out of it had to put in kind of I gave out Tonight Ivanka tableau the largest ships you Gabe.
Non guys have I know the daughter, she says other autoimmune catered to the history of that.
So the minute you thought you got one of the largest amount of Utah tell them what are the two military shipment in any of it together for that I'm, Jamie many of you that community is true.
[music].
<unk>.