Q1 2024 SK Telecom Co Ltd Earnings Call
Good afternoon, I am a huge chunk of euro of SK telecom. Thank you for joining SK Telecoms earnings conference call.
Yang-seob Kim: 함께 감사의 말씀을 드립니다.
Hee Jun Chung: Good afternoon. I am Heejun Jung, IRO of SK Telecom. Thank you for joining SK Telecom's earnings conference call.
Hee Jun Chung: Good afternoon, I am Hee Jun Chung, IR of SK Telecom. Thank you for joining SK Telecom's Earnings Conference Call.
Well, we don't have a comparator quota in China, and India until you've been too.
Hee Jun Chung: Today's conference call will be conducted in the order of the Q&A session after briefly talking about the major events that have been held recently, the performance of the first quarter of 2024, and the achievements of each business.
Yang-seob Kim: 오늘 conference call은 최근에 진행된 주요 이벤트 그리고 2024년 1분기 실적, 또 각 사업별 성과 등에 대해서 간략히 말씀드린 후에 Q&A 세션을 갖는 순서로 진행하겠습니다.
He told his opinion.
To Cox helped those Homeporting Lucky my son during the Q&A.
Q&A session the conditions on which now I guess.
Today, we will first deliver a presentation on major events 2020 for Q1 earnings highlights and business performances, which will be followed by the Q&A session.
Hee Jun Chung: Today, we will first deliver a presentation on major events, 2024 Q1 earnings highlights, and business performances, which will be followed by a Q&A session.
Hee Jun Chung: Today, we will first deliver a presentation on major events, 2024 Q1 earnings highlights, and business performances, which will be followed by the Q&A session.
Oh, you said you're in SK Telecom is Shufu and you shouldn't give me only substance I don't want people to test all caucus helpful. The other part is done.
Hee Jun Chung: SK Telecom Co Ltd. CEO Kim Yang-seop, CEO of SK Telecom Co Ltd., as well as executives from each department are attending the event. The event will be broadcast live.
Yang-seob Kim: 이 자리에는 SK텔레콤의 CFO이신 김양섭 센터장을 비롯해서 각 사업부별 관련 임원분들도 함께 참석하고 있습니다. 그리고 순차 통역을 통해서 진행될 예정입니다.
So a couple of them.
But he was from Cal 'twenty or 'twenty, so what's your name.
The call is attended by our executives from relevant business divisions, including young young felt kaman CFO of SK telecom and we're providing consecutive interpretation for the call.
Hee Jun Chung: The call is attended by our executives from relevant business divisions, including Yang Seop Kim, CFO of SK Telecom, and we are providing consecutive interpretation for the call.
Hee Jun Chung: The call is attended by our executives from relevant business divisions, including Yang-seob Kim, CFO of SK Telecom, and we are providing consecutive interpretation for the call.
Could you tell us to get smart on this how much ammonia you took off.
Hee Jun Chung: And as you know, the future outlook and predictions can vary depending on the market and macro environment.
Yang-seob Kim: 그리고 잘 아시겠지만, 향후 전망이나 예측과 관련된 사안들은 시장이라든지 매크로 환경 이런 다양한 변수에 따라서 달라질 수도 있다는 점을 미리 말씀드립니다.
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Hong Kong, Thailand tons, you thought us otologist. So it doesn't don't want something to be done.
Yeah.
As you May know I would like to remind you that all forward looking statements are subject to change depending on various sectors, such as market and macro situations.
Hee Jun Chung: As you may know, I would like to remind you that all forward-looking statements are subject to change depending on various factors such as market and macro.
Hee Jun Chung: As you may know, I would like to remind you that all forward-looking statements are subject to change depending on various factors such as market and macro situations.
Chromosphere FY my sneakers Smith.
Hee Jun Chung: That's all for today. Let me now present our CFO. Hello, I'm SK Telecom's CFO, Kim Yang-seol.
Let me now present our CFO.
Yang-seob Kim: 네, 그러면 CFO의 말씀이 있겠습니다.
Hee Jun Chung: Let me now present our CFO.
No go ahead, SK telecom ship or keep them pretty neat.
Yang-seob Kim: 안녕하십니까. SK텔레콤 CFO 김양섭입니다.
Good afternoon. This is Joseph Kim CFO of SK Telecom.
Joonsop Kim: Good afternoon, this is Yangseop Kim, CFO of SK Telecom.
Hee Jun Chung: Good afternoon. This is Yang-seob Kim, CFO of SK Telecom.
Yeah, Tony Japan hanging on SK telecom in terms of how should we.
Joonsop Kim: 2024 is a meaningful year for SK Telecom's 40th anniversary. It will not be an exaggeration to say that it is the history of ICT Korea. SK Telecom Co Ltd, which has been leading the mobile communication market with its innovative services and overwhelming quality experience, is now starting a new challenge for global AI companies.
Yang-seob Kim: 2024년은 SK텔레콤이 창사 40주년을 맞는 의미 있는 해입니다. SK텔레콤의 40년은 ICT 코리아의 역사라고 해도 과언이 아닐 것입니다. 혁신적인 서비스와 압도적인 품질 경쟁력으로 이동통신 시장을 선도해 온 SK텔레콤은 이제 글로벌 AI 회사를 향한 새로운 도전을 시작하고 있습니다.
You mean in Haynesville.
SK Telecom is asking me on that.
So you should see a coronary youll federal way too high.
Question on Utah.
It seems like unified Pissoir opt to do again.
She's always wanted to weigh on SK telecom on Egypt robotic component of airline it.
I want to talk how we send me though.
'twenty 'twenty four is a very meaningful year as in March the 14th anniversary of SK Telecom. The 40 year history of SK Telecom. Indeed represents the history of ICT Korea, we have been leading the communications market with innovative services and unparalleled quality competitiveness.
Joonsop Kim: 2024 is a very meaningful year as it marks the 40th anniversary of SK Telecom. The 40-year history of SK Telecom indeed represents the history of ICT Korea. We have been leading the communications market with innovative services and unparalleled quality competitiveness. Now, SK Telecom is taking on a new challenge to become a global AI company.
Hee Jun Chung: 2024 is a very meaningful year as it marks the 40th anniversary of SK Telecom. The 40-year history of SK Telecom indeed represents the history of ICT Korea. We have been leading the communications market with innovative services and unparalleled quality competitiveness. Now, SK Telecom is taking on a new challenge to become a global AI company.
Now SK telecom is taking on a new challenge to become a global AI company.
And as I mentioned on your part or something that I can tell Ya Li.
Joonsop Kim: In February, MWC2024 held in Barcelona held a General Assembly of the Global Telco A.I. Alliance and announced the establishment of a co-operative law for business cooperation such as the co-development of Telco LNM. SK Telecom Co Ltd. will invite representatives from each region to lead a joint venture with GTAA to become a global AI company.
Yang-seob Kim: 당사는 지난 2월 바르셀로나에서 열린 MWC 2024에서 GTAA, 즉 Global Telco AI Alliance의 창립 총회를 개최하고 Telco LLM 공동 개발 등 사업 협력을 위한 합작법인 설립을 발표하였습니다. SK텔레콤은 향후 각 지역 대표 통신사를 초청해 GTAA 확장과 다양한 기업 간 협업을 리드하며 글로벌 AI 회사로 자리매김해 나갈 계획입니다.
So pretty sure you're going to find is O G. T. H two global CT here, what did I answer your Chinese travel to quit and even when.
You don't care about them, how can we help them.
Felipe I personally though.
SK Telecom Lynne Powell Cup Geos, China GTA Chunghwa.
Thank you.
Global component orders, how do we make them and if I can you give me though.
And W. C 2024 held in Barcelona in February SK Telecom held an inaugural meeting the global Telco AI Alliance or G. T. A a and announced our plan to establish a joint venture for business cooperation, including joint development of Telco specific large language model going forward.
Hee Jun Chung: At MWC 2024, held in Barcelona in February, SK Telecom held an inaugural meeting of the Global Telco AI Alliance, or GTAA, and announced a plan to establish a joint venture for business cooperation, including joint development of telco specific large language model. Going forward, SK Telecom will invite leading telcos in respective regions to expand the GTAA and lead cooperation among diverse companies, thereby positioning itself as a global AI company.
Joonsop Kim: With NWC 2024 held in Barcelona in February, SK Telecom held the inaugural meeting of the Global Telco AI Alliance, or GTAA, and announced a plan to establish a joint venture for business cooperation, including joint development of telco-specific large-language models. Going forward, SK Telecom will invite leading telcos in respective regions to expand the GTAA and lead cooperation among diverse companies, thereby positioning itself as a global AI company.
SK telecom will invite leading telcos in respective regions to expand the G. T. A a lead cooperation among diverse companies, thereby positioning itself as a global company.
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Joonsop Kim: First, I would like to tell you about our financial performance in the 1st quarter of 2024.
Yang-seob Kim: 그러면 먼저 2024년 1분기 연결 기준 재무실적에 대해 말씀드리겠습니다.
And we should still get Dave I assume that he gives me though.
Let me first report on the consolidated financial results for Q1 of 2024.
Joonsop Kim: Let me first report on the consolidated financial results for Q1 of 2020.
Hee Jun Chung: Let me first report on the consolidated financial results for Q1 of 2024.
It should have an escape from ball escape route of India, and some docs, who don't get me wrong, So and then to.
Joonsop Kim: Sales of SK Telecom and SK Broadband grew steadily and increased by 2.3% year-on-year and recorded 4,4746,000,000 KRW. Sales profit was 4,985,000,000 KRW, which is similar to year-on-year, depending on marketing cost and the stable price triangle. The short-term profit is 3,619 billion won.
Yang-seob Kim: 매출은 SK텔레콤과 SK브로드밴드의 안정적 성장에 힘입어 전년 동기 대비 2.3% 증가한 4조 4,746억 원을 기록하였고, 영업이익은 마케팅 비용과 감가상각비의 안정화에 따라 전년 동기와 유사한 수준인 4,985억 원을 기록하였습니다. 당기순이익은 3,619억 원을 기록하였습니다.
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Glynn marketing beyond well of course, I'm going to enjoy it at all.
Janine Hudson, they're placebo why don't you go question without Congress, we need good I'm, Tony Pritchett, who are close to me though.
Thanks to the stable growth of SK Telecom and SK broadband consolidated revenue posted four trillion $474 6 billion, one up two 3% year over year operating income posted $498 5 billion won a similar level year over year, thanks to the stabilized.
Joonsop Kim: Thanks to the stable growth of SK Telecom and SK Broadband, consolidated revenue posted $4,474,600,000, up 2.3% year over year. Operating income posted $498,500,000, a similar level year over year, thanks to the stabilization of marketing expenses and depreciation costs. Net income posted $361.9 billion.
Hee Jun Chung: Thanks to the stable growth of SK Telecom and SK Broadband, consolidated revenue posted KRW 4,474.6 billion, up 2.3% year over year. Operating income posted KRW 498.5 billion, a similar level year over year, thanks to the stabilization of marketing expenses and depreciation costs. Net income posted KRW 361.9 billion.
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Net income posted 361 9 billion won.
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Yang-seob Kim: 별도 기준 매출은 전년 동기 대비 2.3% 증가한 3조 1,887억 원을 기록하였고, 영업이익과 당기순이익은 각각 4,364억 원, 4,921억 원을 기록하였습니다.
Some further pressure, but you don't want them to go kind of pool, you won't be quite so I guess when you Glenn Kaka Hudson's under you should fall one touch on good are you sure you don't want her to go close to me though.
Joonsop Kim: The annual sales of Byuldo were 2.3% higher than the previous year, with a record of 3,887,000,000 won. The operating profit and short-term net profit were 4,364,000,000 won and 4,921,000,000 won, respectively.
On a non consolidated basis revenue posted three trillion 188.7 billion won up two 3% year on year operating income and net income reported $436 4 billion, one and 492.1 billion one respectively.
Joonsop Kim: On a non-consolidated basis, revenue posted $3,188.7 billion won, up 2.3% year-on-year. Operating income and net income were $436.4 billion won and $492.1 billion won, respectively.
Hee Jun Chung: On a non-consolidated basis, revenue posted KRW 3,188.7 billion, up 2.3% year on year. Operating income and net income reported KRW 436.4 billion and KRW 492.1 billion respectively.
Hello modal.
Yeah, Yeah, yeah yeah.
Forget that all your Chinese funded guitry awesome.
Joonsop Kim: Next, I would like to talk about the main achievements and strategic direction of the 1st quarter of 2024 according to the AI pyramid strategy system of the party.
Yang-seob Kim: 다음으로 당사의 AI Pyramid 전략 체계에 따라 2024년 1분기 주요 성과 및 전략 방향에 대해 말씀드리겠습니다.
So you're up on younger than somebody gives me though.
Let me now turn to our business highlights for the first quarter of 2024 and strategic directions in accordance with the AI pyramid strategy.
Joonsop Kim: Let me now turn to business highlights for the first quarter of 2024 and strategic directions in accordance with the AEI Pyramid Strategy.
Hee Jun Chung: Let me now turn to business highlights for Q1 2024 and strategic directions in accordance with the AI Pyramid strategy.
Well enjoy AIP intermediate coupon you get Dave I, just wanted to get some of that.
Joonsop Kim: First, I would like to talk about the area of AI infrastructure, which is the foundation of the AI pyramid.
Yang-seob Kim: 먼저 AI 피라미드의 기반인 AI 인프라 영역에 대해 말씀드리겠습니다.
First I'd like to cover the AI infrastructure domain, which serves as the foundation of the a pyramid.
Joonsop Kim: First, I'd like to cover the AI infrastructure domain, which serves as the foundation of the AI pyramid.
Hee Jun Chung: First, I'd like to cover the AI Infrastructure domain, which serves as the foundation of the AI Pyramid.
Data center tabun, she's oxygen Kardono chikungunya she'd be ball. So when you then don't get Debbie you put into it with someone coming to you to close to me I'm.
Joonsop Kim: The data center business recorded a 26% growth in sales compared to the previous year due to the continuous increase in operating efficiency. The company announced the officialization of the AI data center business, which will become an essential infrastructure in the field of AI, at the MWC in February last year and announced a global business cooperation with Lambda, a cloud service company that supplies the latest GPUs from NVIDIA.
Yang-seob Kim: 데이터센터 사업은 지속적인 가동률 증가에 힘입어 전년 동기 대비 26%의 매출 성장을 기록하였습니다. 당사는 지난 2월 MWC에서 AI 분야 필수 인프라가 될 AI 데이터센터 사업의 본격화를 선언하고, NVIDIA의 최신 GPU를 공급받는 클라우드 서비스 업체 Lambda와의 글로벌 사업 협력을 발표하였습니다.
January and February she as well.
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Supported by the continued increase in utilization rates data centre Arabian you grew 26% year on year at N. WC in February SK telecom, declaring a full scale launch of AI data center business, which will be critical infrastructure in the AI domain com.
Hee Jun Chung: Supported by the continued increase in utilization rates, data center revenue grew 26% year-on-year. At MWC in February, SK Telecom declared a full-scale launch of AI data center business, which will be critical infrastructure in the AI domain. The company also announced plans for global business cooperation with Lambda, a cloud server provider powered by NVIDIA's latest GPUs.
Joonsop Kim: Supported by the continued increase in utilization rates, data center revenue grew 26% year-on-year. At MWC in February, SK Telecom declared a full-scale launch of its AI data center business, which will be critical infrastructure in the AI domain. The company also announced plans for global business cooperation with Lambda.
And you also announced plans for global business cooperation with Lambda.
A cloud server provider powered by Nvidia is latest Gpus.
SK telecom.
Yang-seob Kim: SK Telecom은 글로벌 시장에서 차세대 AI 데이터센터 시장을 선도하기 위해 그룹사의 역량도 결집할 예정입니다. 액침 냉각 기술의 상용화를 앞당기기 위한 SK Enmove와의 협업, SK hynix의 고대역폭 메모리 및 자회사 SAPEON의 데이터센터 AI 반도체 역량은 물론 SK브로드밴드의 데이터센터 운영 노하우도 활용할 계획입니다.
Joonsop Kim: SK Telecom Co Ltd is working to lead the next-generation AI data center market in the global market. [inaudible] and SK Hynix, a joint venture with SK M-Move to lead commercialization of chip cooling technology. We plan to utilize the data center AI semiconductors of the ancient memory and UV-SAPION of SK Hynix, as well as the data center operating know-how of SK Broadband.
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Hey, Timna.
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Hi, guys.
Opportunity it doesn't.
I'm John Malone.
Escape route of India. It doesn't we don't go out or how do you how can you give me though.
To be a global leader in the next generation AI data center market SK Telecom is also planning to mobilize capabilities of SK group, specifically, we will cooperate with SK and move to speed up the commercialization of liquid immersion technology capitalize on SK Hynix high bandwidth memory.
Joonsop Kim: To be a global leader in the next-generation AI data center market, SK Telecom is also planning to mobilize the capabilities of the SK Group. Specifically, we will cooperate with SK NMOOV to speed up the commercialization of liquid immersion technology, and leverage on SK Hynix's high-bandwidth memory chips and our subsidiary Cepion's AI chip capabilities for data centers.
Hee Jun Chung: To be a global leader in the next generation AI data center market, SK Telecom is also planning to mobilize capabilities of SK Group. Specifically, we will cooperate with SK Enmove to speed up the commercialization of liquid immersion technology, capitalize on SK hynix high bandwidth memory chips and our subsidiary, SAPEON's AI chip capabilities for data centers, and utilize SK Broadband's data center operational know-how.
And our subsidiary sapiens AI chip capabilities for data centers and utilize SK broadband data center operation and Knowhow.
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Yang-seob Kim: LLM과 관련해서는 앞서 말씀드린 GTAA 멤버사인 Deutsche Telekom, e&, Singtel, SoftBank와 함께 Telco LLM의 개발 및 상용화를 추진하고 있습니다. GTAA 멤버사는 전 세계 50여 개국에 걸친 13억 명의 가입자를 보유하고 있으며, 그 어떤 빅테크보다도 방대한 다국어 Telco 데이터를 확보할 수 있습니다. GTAA를 통해 우리는 규모의 경제뿐만 아니라 빅테크 대상의 협상력 또한 확보하게 될 예정입니다. GTAA 합작법인은 다국어 Telco 데이터 학습을 통해 더욱 향상된 성능의 Telco LLM을 개발하고 지역별 특화 서비스를 제공할 계획입니다.
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Joonsop Kim: [inaudible] We are developing and commercializing Telco LNM with Deutsche Telekom, EN, Singtel, and SoftBank. The FTAA has over 130,000,000 members in over 50 countries around the world, and it has the largest number of multi-language telco data in the world. We will secure not only the scale of the economy but also the negotiability of big tech. The CTA is planning to develop a more advanced Telecom LNM through multilingual Telco data learning and provide specialized services in each region.
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As for Allen, we are pursuing the development and commercialization of telco specific Ll and together with the members of the G T. A a including Deutsche Telekom yen Singtel and Softbank. The G. T. A M members have a total of 1.3 billion subscribers in 50 countries across the world, which.
Joonsop Kim: As for LLM, we are pursuing the development and commercialization of telco-specific LLM together with the members of the GTAA, including Deutsche Telekom, EN, Singtel, and SoftBank. The GTAA members have a total of 1.3 billion subscribers in 50 countries across the world, which enables them to collect multilingual telco-specific data on a scale larger than any big tech company could ever achieve. Through the GTAA, we will achieve economies of scale and strengthen negotiating power against large tech companies. The GTAA joint venture plans to develop a more advanced telco-specific LLM through training with multilingual telco data and provide locally tailored services.
Hee Jun Chung: As for LLM, we are pursuing the development and commercialization of Telco LLM together with the members of the GTAA, including Deutsche Telekom, e&, Singtel, and SoftBank. The GTAA members have a total of 1.3 billion subscribers in 50 countries across the world, which enables them to collect multilingual Telco data on a scale larger than any big tech company could ever achieve. Through the GTAA, we will achieve economies of scale and strengthen negotiating power against large tech companies. The GTAA joint venture plans to develop a more advanced Telco LLM through training with multilingual Telco data and provide locally tailored services.
Enables them to collect multi lingual telco specific data on a scale larger than any big Tech company could ever achieve through the G. T. A a we will achieve economies of scale and strengthen negotiating power against large tech companies. The G. T E. Eight joint venture plans to develop a more advanced telco specific allele.
Them through training with multilingual telco data and provide locally tailored services.
Oh, yeah yeah.
You bet.
Joonsop Kim: Next, I will talk about the AIX field.
Yang-seob Kim: 다음으로 AI X 영역에 대해 말씀드리겠습니다.
Next is the a I X domain.
Hee Jun Chung: Next is the AIX domain.
Oh I'm sorry.
Hum.
Joonsop Kim: In the mobile business, the number of 5G subscribers at the time was 15.93 million at the end of March 2024, and the 5G customer share reached 70%. SK Broadband secured 9.59 million subscribers at the end of March 2024 and 6.99 million internet subscribers at the highest speed. It is meaningful that SK Telecom Co Ltd, which is maturing, continues to discover new markets and attract new members. Also, the company is actively introducing AI technology in the wireless business and continues its efforts to make OPEX and CAPEX efficient.
Yang-seob Kim: 먼저 모바일 사업에서 당사의 5G 가입자 수는 2024년 3월 말 기준 1,593만 명을 기록하였고, 5G 고객 비중은 70%에 도달하였습니다. SK브로드밴드의 경우 2024년 3월 말 기준 959만 유료 방송 가입자와 699만 초고속 인터넷 가입자를 확보하였습니다. 성숙되고 있는 유무선 사업에서 새로운 시장을 발굴하며 가입자 순증을 지속 이끌어내고 있는 점은 의미가 있다고 하겠습니다. 또한 당사는 유무선 사업에 AI 기술을 적극적으로 도입하며 OpEx, CapEx 효율화를 위한 노력을 지속하고 있습니다.
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Hi, Josh.
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And then O business recorded 15.93 million subscribers as of the end of March 'twenty, 'twenty, four which accounts for 70% of the total subscriber base.
Joonsop Kim: The M&O business recorded 15.93 million subscribers as of the end of March 2024, which accounts for 70% of the total subscriber base. SK Broadband's pay TV subscribers and broadband subscribers reached 9.59 million and 6..99 million, respectively, as of the end of March 2024. While the fixed and mobile industry is maturing, it is meaningful that our subscriber base continues to grow through new market developments. We are also striving to enhance OPEX and CAPEX efficiency by actively applying AI technology to our fixed and mobile business.
Hee Jun Chung: The MNO business recorded 15.93 million subscribers as of the end of March 2024, which accounts for 70% of the total subscriber base. SK Broadband's paid TV subscribers and broadband subscribers reached 9.59 million and 6.99 million respectively, as of the end of March 2024. While the fixed and mobile industry is maturing, it is meaningful that our subscriber base continues to grow through new market development. We're also striving to enhance OpEx and CapEx efficiency by actively applying AI technology to our fixed and mobile business.
SK broadband pay TV subscribers and broadband subscribers reached 959 million and $6 99 million respectively. As of the end of March 'twenty 'twenty four.
While the fixed and mobile industry's maturing it is meaningful that our subscriber base continues to grow through new market development. We're also striving to enhance opex and capex efficiency by actively applying AI technology to our fixed and mobile business.
Enterprises have isn't it.
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Joonsop Kim: In the enterprise business, it has grown by about 10% compared to its previous year. This cloud business recorded an increase of about 40% year-on-year in recurring sales. Big Data, AICC, Vision AI, and other enterprise AI areas have increased sales by more than 10% compared to the previous year. We will continue to develop innovative AI products, such as the AI simultaneous translation solution, TrendStalker, and will continue to grow the future of enterprise AI as the centerpiece of the B2B business.
Yang-seob Kim: 엔터프라이즈 사업에서는 전년 동기 대비 약 10%의 성장을 이루어냈습니다. 특히 클라우드 사업은 recurring 매출을 중심으로 전년 동기 대비 약 40%의 매출 증가를 기록하며 엔터프라이즈 사업 전체 매출을 견인하고 있습니다. 빅데이터, AICC, Vision AI 등을 포함한 엔터프라이즈 AI 영역에서는 매출이 전년 동기 대비 10% 이상 성장하였고, 최근 선보인 AI 동시 통역 솔루션 TransTalker와 같은 혁신적인 AI 상품을 지속 발굴하여 향후 엔터프라이즈 AI를 B2B 사업의 중심축으로 성장시켜 나갈 예정입니다.
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The enterprise business achieved an approximately 10% growth year over year in particular, the cloud business revenue grew nearly 40% year over year, mainly thanks to recurring sales, thereby driving the entire enterprise revenue growth.
Joonsop Kim: The enterprise business achieved an approximately 10% growth year-over-year. In particular, the cloud business revenue grew nearly 40% year-over-year, mainly thanks to recurring sales, thereby driving the entire enterprise revenue growth. The Enterprise AI business, which includes Big Data, AICC, and Vision AI, saw its revenue grow more than 10% year-over-year. We will further promote the Enterprise AI business as a key pillar of our B2B business by continuously developing innovative AI products, such as the recently released TransTalker and AI Simultaneous Interpretation.
Hee Jun Chung: The enterprise business achieved an approximately 10% growth year over year. In particular, the cloud business revenue grew nearly 40% year over year, mainly thanks to recurring sales, thereby driving the entire enterprise revenue growth. The enterprise AI business, which includes big data, AICC, and Vision AI, saw its revenue grow more than 10% year over year. We will further promote the enterprise AI business as a key pillar of our B2B business by continuously developing innovative AI products, such as the recently released TransTalker, an AI simultaneous interpretation solution.
The enterprise AI business, which includes big data AI C C and vision AI. So its revenue grow more than 10% year over year. We will further promote the enterprise AI business as a key pillar of our b to b business by continuously developing innovative AI products such as the recently released <unk>.
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Joonsop Kim: Next, I will talk about AI services.
Yang-seob Kim: 이어서 AI 서비스에 대해 말씀드리겠습니다.
Next AI services.
Joonsop Kim: Next, AI Services.
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Hee Jun Chung: Next, AI Services.
Joonsop Kim: ADOT has started to expand its call recording and real-time call translation service, which has attracted great popularity among iPhone users, from April to the end of Android. ADOT will continue to add killer services and evolve into a true AI technology. In the long run, our goal is to secure a new BMW with the success of the Global PAE along with the members of GTA.
Yang-seob Kim: 에이닷은 아이폰 사용자들에게 큰 인기를 이끌어낸 통화 녹음 요약 및 실시간 통화 통역 서비스를 4월부터 안드로이드 단말에도 확대 제공하기 시작하였습니다.
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Hee Jun Chung: ADOT은 앞으로 킬러 서비스들을 지속 추가하며 진정한 AI 개인 비서로 진화해 나갈 예정입니다. 장기적으로는 GTAA 멤버사들과 함께 글로벌 PAA를 성공시켜 신규 BM을 확보한다는 목표입니다. The call recording and summary service and real-time call interpretation service of ADOT, which were very popular among iPhone users, are available on Android handsets starting from April. Going forward, ADOT will continue to add killer services and evolve into a truly personal AI assistant. Our long-term goal is to secure new business models through successful development of global PAA together with the GTAA members. ifland는 작년 런칭한 ifhome과 경제 시스템의 안착을 통해 2024년 3월 말 기준으로 MAU 246만 명을 기록하였고, 이용자의 평균 체류 시간이 90분까지 증가하는 등 내실 있는 서비스로 자리매김 중입니다. T Universe는 YouTube Premium 패키지에 힘입어 2024년 1분기 말 기준 월간 실사용자 260만 명 이상을 기록하였습니다.
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So call recording in summary service and real time, calling interpretation service of eight odd which were very popular among iPhone users are available on Android handsets starting from April.
Joonsop Kim: The call recording and summary service and real-time call and interpretation service of ADOT, which were very popular among iPhone users, are available on Android handsets starting from April. Going forward, ADOT will continue to add killer services and evolve into a truly personal AISP. Our long-term goal is to secure new business models through the successful development of the global PAA together with the GTAA members.
Going forward, a dot will continue to add killer services and evolve into a truly personal AI assistant our long term goal is to secure new business models through successful development of global P. A a together with a G T a members.
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Joonsop Kim: With the launch of E-Form last year and the establishment of an economic system, E-Friend recorded 2.46 million MAO at the end of March 2024, and the average usage time of users is increasing to 90 minutes. It is a service with a core. With the help of the YouTube Premium Package, T-Woods recorded more than 2.6 million users per month at the end of the first quarter of 2024. In the first half of the year, T-Woods will evolve into a subscription market, expand its stock range, and publicize its position as a subscription service that represents Korea.
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Hee Jun Chung: 상반기 중에는 T Universe를 구독 마켓으로 진화시켜 제휴 범위를 더욱 확대하고 우리나라를 대표하는 구독 서비스로의 입지를 공고히 할 계획입니다. As for ifland, thanks to the stable trend of ifhome and the economic system launched last year, MAU recorded 2.46 million as of the end of March 2024, and the average duration per user on the platform increased to 90 minutes, indicating that ifland has become a meaningful and substantive platform for users. T Universe achieved MAU of more than 2.6 million as of the end of Q1 2024, driven by the popularity of the YouTube Premium package. In the H1 of the year, we plan to turn T Universe into a subscription market to expand partnerships and solidify its position as a leading subscription service in Korea. 마지막으로 주주 환원과 관련해 말씀드리겠습니다. Finally, let me turn to shareholder returns.
China focused region, where you had can you give me that.
As for Eastland, Thanks to the stable trend of if home and economic system launched last year and May you recorded 2.46 million as of the end of March 'twenty 'twenty, four and the average duration per user on the platform increased to 90 minutes, indicating that if land has become a meaningful and substantive platform.
Joonsop Kim: As for IFLAND, thanks to the stable trend of IFHOME and the economic system launched last year, MAU recorded 2.46 million as of the end of March 2024, and the average duration per user on the platform increased to 90 minutes, indicating that IFLAND has become a meaningful and substantive platform for users. T-Universe achieved MAU of more than $2.6 million as of the end of the first quarter of 2024, driven by the popularity of the YouTube Premium package. In the first half of the year, we plan to turn T-Universe into a subscription market to expand partnerships and solidify its position as a leading subscription service in Korea.
unknown: [inaudible]
For users.
T universe achieved M. A U of more than $2 6 million as of the end of the first quarter of 2024, driven by the popularity of the Youtube premium package.
In the first half of the year, we plan to turn T universe into a subscription market to expand partnerships and solidify its position as a leading subscription service in Korea.
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Finally, let me turn to shareholder returns.
Joonsop Kim: Finally, let me turn to shareholder returns.
Chicken <unk>.
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Joonsop Kim: [inaudible] This is a result of reflecting the will to provide greater support according to the performance improvement by covering the top and bottom based on the resources, including the performance of the subsidiary based on the connection standard. Also, the 1-minute delivery fee was confirmed to be 830 won per week, the same as last year's 1-minute delivery fee.
Hee Jun Chung: SK Telecom recently announced a medium-term shareholder return policy of returning to shareholders more than 50% of the adjusted net income on a consolidated basis. The decision is driven by our commitment to enhance shareholder returns in line with earnings improvement by leveraging resources including subsidiary results on a consolidated basis and eliminating caps on shareholder returns. The DPS for Q1 was determined at KRW 831, the same as Q1 of last year. SK Telecom은 견고한 유무선 기반을 더욱 공고히 하고 수익성과 효율성 등 기업 체질도 개선하는 한편, AI Pyramid strategy를 본격적으로 실행하여 구체적 성과를 내면서 글로벌 AI 컴퍼니라는 원대한 목표 달성을 위해 나아갈 것입니다. As we mentioned at the shareholders meeting, SK Telecom will produce tangible results as an AI company.
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SK Telecom recently announced the medium term shareholder return policy of returning to shareholders more than 50% of the adjusted net income on a consolidated basis. The decision is driven by our commitment to enhance shareholder returns in line with earnings improvement by leveraging resources, including subsidiary.
Joonsop Kim: SK Telecom recently announced a medium-term shareholder return policy of returning to shareholders more than 50 percent of the adjusted net income on a consolidated basis. The decision is driven by our commitment to enhance shareholder returns in line with earnings improvement by leveraging resources, including subsidiary results on a consolidated basis and eliminating caps on shareholder returns. The DPS for the first quarter was determined at 8.31, the same as the first quarter of last week.
Our results on a consolidated basis and eliminating caps on shareholder returns the dps for the first quarter was determined at 831, the same as the first quarter of last year.
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Joonsop Kim: This year, we will highlight the achievements of the AI company. SK Telecom Co Ltd. will further emphasize the solid U-mobile-based technology, improve profitability and efficiency, as well as corporate gatherings. On the other hand, we will carry out the AI pyramid strategy in earnest and make concrete achievements to achieve the primary goal of a global AI company.
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As we mentioned at the shareholders' meeting SK Telecom will produce tangible results is an AI company. We will further solidify our strong fixed and mobile business Foundation improved our business fundamentals in terms of profitability and efficiency and produce concrete results by fully executing the a pyramid.
Joonsop Kim: As we mentioned at the shareholders meeting, SK Telecom will produce tangible results as an AI company. We will further solidify our strong fixed and mobile business foundation, improve the business fundamentals in terms of profitability and efficiency, and produce concrete results by fully executing the AI pyramid strategy. We will continue on this journey to achieve our grand vision of becoming a global AI company.
Hee Jun Chung: We will further solidify our strong fixed and mobile business foundation, improve the business fundamentals in terms of profitability and efficiency, and produce concrete results by fully executing the AI Pyramid strategy. We will continue on this journey to achieve our grand vision of becoming a global AI company. 투자자와 애널리스트 여러분의 지속적인 관심과 성원을 부탁드립니다. 감사합니다. We ask for your continued support and encouragement. Thank you. 지금부터 Q&A 세션을 시작하도록 하겠습니다. We will now begin the Q&A session.
Strategy, we will continue on this journey to achieve our Grand vision of becoming a global company.
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Joonsop Kim: Thank you for your continuous interest and support.
We ask for your continued support and encouragement. Thank you.
Joonsop Kim: We ask for your continued support and encouragement. Thank you.
Chicken with Tau Q&A session. There are some other August meeting, we will now begin the Q&A session Telemundo tumor that you're shipping in patients and <unk> made me back. The first question will be presented by hijacking fermentation securities.
Hee Jun Chung: We will now begin the Q&A session.
Hee Jun Chung: The first question will be presented by Hoijae Kim from Daeshin Securities.
Operator: 처음으로 질문해 주실 분은 대신증권의 김회재 님입니다.
Hee Jun Chung: The first question will be presented by Hoi-jae Kim from Daishin Securities.
Okay.
Sure, Jonathan Chilean job, particularly on tools.
Kim Hyo-Jung: Hello, I am Kim Hyo-Jung from Daejin Human Rights Organization. I would like to ask you specifically about the resettlement policy. If you look at this policy, the connection adjustment level is more than 50%. In fact, it has not been specified as a tendency in detail, but if it is calculated as a tendency, it is 70%.
Hoi-jae Kim: 네, 안녕하세요. 대신증권 김회재입니다. 주주 환원 정책 먼저 좀 더 구체적으로 여쭤보고 싶은데요. 이번 정책에서 보면 연결 조정 당기순이익 50% 이상이라고 표현했었는데, 사실 구체적으로 그동안의 성향으로는 제시하지 않았지만 성향으로 계산하면 70%에 해당이 되는데 이번에 50% 이상이라는 표현이 혹시 배당이 줄어들 가능성도 있다라고 하는 건지 궁금하고요. 그다음에 최근 정책까지는 최소 배당금에 대한 언급이 있었는데 이번에는 그런 내용이 좀 빠져있었습니다. 그래서 올해 배당 같은 경우 일단 작년 수준의 배당을 기대해도 좋을지도 궁금하고요. 그리고 배당 이외에 자사주 매입 소각 계획이 있으신지도 설명 부탁드립니다. 두 번째는 주주 환원이라든지 투자, 재무적 개선 등 이런 거에 필요한 재원 마련 및 각 분야별 배분 등에 따라서 CapEx 할당 계획이 어떠신지 궁금한데, 사실 제일 궁금한 부분은 오늘도 많이 하이라이트 해주셨던 AI 전략 관련한 부분입니다. 올해부터 본격적으로 AI 투자가 좀 필요해 보이는데, MNO 수익이 정체된 상황에서 재원을 어떤 식으로 배분하고 또 어떤 규모로 AI 투자할 계획이신지 설명 부탁드립니다. 감사합니다.
Oh, Okay. That's helpful.
So Jonathan I think it was prudent that you're talking about what kind of things.
So what we're doing is hung up on that you still got it.
Oh I don't know if there's any.
Im just wondering two things.
You Wanna, which played Anthony Thank you Donna Karan emotion, okay. Thanks, Richard.
Kim Hyo-Jung: I wonder if there is a possibility that more than 50% will be distributed this time. Until recently, there was a mention of a minimum dividend, but this time it was missing. So, in the case of this year's dividend, I wonder if it would be good to expect a dividend of the same level as last year.
Yeah.
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Yeah.
Oh, Okay cool okay. Thank you guys.
Yeah.
Oh, okay.
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Sure Jonathan.
Kim Hyo-Jung: [inaudible] Secondly, I'd like to know how you are planning to change your capital according to the distribution of resources, such as shareholding, investment, and capital improvement. The most interesting part is the AI strategy that you highlighted a lot today. It looks like we need to invest in AI in earnest from this year onwards. I'd like to know how you are going to distribute the resources and how you are going to invest in AI in a situation where M&A profits are stagnant. Thank you.
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I am Kimura Jae from <unk> Securities I would first like to ask a question regarding your new shareholder return policy are you mentioned that you are planning to return to shareholders more than 50% of the net adjusted income.
Kim Yeojin: I am Kim Yeojin from Daeshin Securities. I would first like to ask a question regarding your new shareholder return policy. You mentioned that you are planning to return more than 50% of the net adjusted income on a consolidated basis. But when we take a look at the past dividend payout trend, the overall payout ratio was about 70% in real terms. Now you are mentioning that it will be more than 50% of the adjusted net income.
Hee Jun Chung: I am Kim Hoi-jae from Daishin Securities. I would first like to ask a question regarding your new shareholder return policy. You mentioned that you are planning to return to shareholders more than 50% of the net adjusted income on a consolidated basis. When we take a look at the past dividend payout trend, the overall payout ratio was about 70% in real terms. Now you're mentioning that it will be more than 50% of the adjusted net income. Does that mean that there is a likelihood for your dividend payments to decline going forward? Until recently, you mentioned about the specific amount of dividends that you're planning to pay to shareholders, but this time it was not included in your presentation. Would it be appropriate for us to expect that this year's dividend payout will be similar to that of last year?
Income on a consolidated basis, but when me, let's take a look at the past dividend payout trend. The overall payout trend was.
<unk> ratio was about 70% in real terms and now you're mentioning that it will be more than 50% of your adjusted net income does that mean that there is a likelihood for your dividend payments to decline going forward and until recently you mentioned about the specific amount of dividends and you're planning to pay to shareholders about this.
Kim Yeojin: Does that mean that there is a likelihood for your dividend payments to decline going forward? Until recently, you mentioned the specific amount of dividends that you were planning to pay to shareholders, but this time, it was not included in your presentation. Would it be appropriate for us to expect that this year's dividend payout will be similar to that of last year?
It was not included in your presentation, so would it be appropriate for us to expect that this year's dividend payout will be similar to that of last year and I would also like to understand if you have any plans for share buyback and cancellation in the near future Secondly, I would like to ask a question about your capital allocation.
Hee Jun Chung: I would also like to understand if you have any plans for share buyback and cancellation in the near future. Secondly, I would like to ask a question about your capital allocation plan. I can see that you need resources for shareholder returns, but at the same time, you need resources for investments. As you mentioned, you are going to pursue your AI strategy in full swing starting from this year, which means that you will have to make investments. While the MNO revenue trend is not very improving, I'd like to understand how you're planning to allocate your capital resources, and what is the size of AI investment that you're expecting this year. Thank you. I am CFO Yang-seob Kim of SK Telecom. Thank you for your questions. I would first like to comment on our new shareholder return policy.
Kim Yeojin: And I would also like to understand if you have any plans for share buyback and cancellation in the near future. Secondly, I would like to ask a question about your capital allocation plan. I can see that you need resources for shareholder returns, but at the same time, you need resources for investments. And, as you mentioned, you are going to pursue your AI strategy in full swing starting this year, which means that you will have to make investments. While the M&O revenue trend is not very improving, I would like to understand how you are planning to allocate your capital resources and what
Playing I can see that you need resources for shareholder returns, but at the same time, you need resources for investments and as you mentioned you are going to pursue your AI strategy in full swing starting from this year, which means that you will have to make investments are wildly and they know Arabian your trend is not very improving I'd like to understand how you're planning to allocate.
Our capital resources, and what is the size of the AI investment that you're expecting this year. Thank you.
Yeah.
For Q2.
Kim Yang: Hello, I'm Kim Yang-seop from SK Telecom Co Ltd. Thank you for your question.
Okay.
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I am CFO Jong Soo Kim of SK Telecom. Thank you for your questions I would first like to comment on our new shareholder return policy.
Kim Yang: I am CFO Yang Seok Kim of SK Telecom. Thank you for your questions. I would first like to comment on our new shareholder return policy.
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Kim Yang: As you know, the distribution Policy that has been applied for the past three years is based on a separate standard; after deducting the capex from EBITDA, 30 to 40% of the remaining amount will be distributed. We have heard a lot from investors and shareholders about the dividend policy, and we have thought a lot about how to reflect that in a new policy.
Hee Jun Chung: As you may know very well, for the past 3 years, our dividend policy was based on 30% to 40% of the EBITDA minus CapEx amount on a non-consolidated basis, and that was the basis for our shareholder return. So far, we have received a lot of input from shareholders and investors, and we've been trying to accommodate them as much as possible. We believe that this new shareholder return policy is quite differentiated from the previous ones in that, first of all, there's no limit or cap on resources available for shareholder returns, and that it is all on a consolidated basis so that we can share results of the subsidiaries with shareholders. You also asked a question regarding why we have set the baseline as 50%, while we actually use more than 70% of the net income for dividends in the previous years.
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As you May know very well for the past three years, our dividend policy was based on a 30% to 40% of the EBITDA minus capex amount on a non consolidated basis and that was the basis for our shareholder return and so far we have received a lot of input from shareholders and investors and we've been trying to accommodate them.
Kim Yang: As you may know very well, for the past three years, our dividend policy was based on 30 to 40% of the EBITDA minus CAPEX amount on a non-consolidated basis, and that was the basis for our shareholder return. And so far, we have received a lot of input from shareholders and investors, and we've been trying to accommodate them as much as possible.
As possible.
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Kim Yang: The policy that we announced this time is... (inaudible) I think it will be different from the existing policies.
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We believe that this new shareholder return policy is quite differentiated from the previous ones in that first of all there's no limit or cap on resources available for shareholder returns and that it is all on a consolidated basis. So that we can share of results of the subsidiaries with shareholders.
Kim Yang: We believe that this new shareholder return policy is quite differentiated from the previous ones in that, first of all, there's no limit or cap on resources available for shareholder returns, and that it is all on a consolidated basis so that we can share the results of the subsidiaries with shareholders.
Well, Jim when she didn't at all.
Kim Yang: As per your question, we have distributed more than 70% of the short-term ratings. If you could answer why we set the baseline to 50%, 50% is literally the minimum lower limit. We've been talking about the three-year policy of the Jeju-Hanan policy for a relatively short period of time. We set a limit of 50% to respond to the risk of future environmental change, but we do not intend to distribute only 50%.
So you got.
Possibly you sound like they don't get one day.
Do you do inside out which puts into the thoughts on kind of guy.
We should put into them.
Could one she's 100 Honeywell.
So you got to do 100 gig or do you think you got it.
And then if you go to a professional and you're going to hit on in Chile, I seem to get up when need be.
Can you I'm doing Tonight that is king.
Paul do you want give useful.
We should put into that number.
Wish you a pleasant.
Yeah.
Uh huh.
And you also asked a question regarding a why we have set the.
Kim Yang: And you also asked a question regarding why we have set the baseline as 50% while we actually used more than 70% of the net income for dividends in the previous years. I'd like to comment on your point.
Baseline as 50%, while we actually are used more than 70% of the net income for dividends in the previous years I'd like to comment on your point. The 50% is just a minimum baseline as we are announcing a three year shareholder return policy three years, it's a rather long term in this regard so we wanted to have some.
Hee Jun Chung: I'd like to comment on your point. The 50% is just a minimum baseline. As we are announcing the three-year shareholder return policy, three years is a rather long term in this regard. We wanted to have some cushion against risks around future management environment. I'd like to once again ask you to see that this does not mean that we will only return 50% of the net income. It is just the minimum level. We will do our best to elevate the baseline by continuing to improve our business fundamentals, and we will make sure that we can return more to the shareholders going forward.
Kim Yang: The 50% is just the minimum baseline. As we are announcing the three-year shareholder return policy, three years is a rather long term in this regard, so we wanted to have some cushion against risks around future management environments. So I'd like once again to ask you to see that this does not mean that we will only return 50% of the net income. It is just the minimum level.
Cushion against risks around future management environment, So I'd like to once again ask you to see that this does not mean that we will only return 50% of the net income. It is just the minimum level.
So you know it's important for children and children under regulatory here. So you could you wish that I could wheel.
Kim Yang: We will do our best to improve the situation in every possible way. (Inaudible) We will do our best to raise our standards.
208.
Could you touch at all able to fish.
The other question either.
We will do our best to elevate the baseline by continuing to improve our business fundamentals and we will make sure that we can return more to the shareholders going forward.
Kim Yang: We will do our best to elevate the baseline by continuing to improve our business fundamentals, and we will make sure that we can return more to the shareholders' goals.
Trudell jumbo some telco newness that she doesn't it doesn't give you a look at you Joanna and good morning, gentlemen.
Kim Yang: I'd like to add that the decision on the size of the distribution unit should be made by the board of directors, this year, this year-day-day-down-suit not-one-one-one-one-perseasons-out-out-out-out-out-out-out-all-go-going to the judges to you guys to give it.
Yeah, I think it's a month what are you talking your DSO noon.
Okay.
Not in total.
Okay.
Yeah.
Could you hold them and give them a similarity to give to me though.
Why did your actual size of shareholder returns for each year will be determined through discussions at the board what I can say to the shareholders is that the level of dividends paid out to shareholders will be similar to that of last year, and we will make sure to achieve that.
Kim Yang: While the actual size of shareholder returns for each year will be determined through discussions at the board, what I can say to the shareholders is that the level of dividends paid out to the shareholders will be similar to that of last year, and we will make sure to achieve
Hee Jun Chung: While the actual size of shareholder returns for each year will be determined through discussions at the board, what I can say to the shareholders is that the level of dividends paid out to the shareholders will be similar to that of last year, and we will make sure to achieve that.
unknown: [inaudible]
I suppose you baby, there's somebody assuming 50 million.
Chicken continues how long did that come out of.
Chicago.
Yang-seob Kim: 최근 금리 상황 등을 감안할 때 주가가 저평가 구간에서는 자사주를 매입하고 소각하는 것이 의미가 있다는 기본적인 생각에는 크게 변화가 없습니다.
I'll pick up one isn't it.
So I think you're gonna be publish what kind of machine learning.
Turning single gaining cookie ones I can think about getting cookie panels.
Yeah.
As for potential plans for share buyback and retirement given the recent interest rate trends, we still believe that it is meaningful to buy back and retire shares when the stock price is undervalued.
Kim Yang: As for potential plans for share buyback and retirement, given the recent interest rate trends, we still believe that it is meaningful to buy back and retire shares when the stock price is undervalued.
Hee Jun Chung: As for potential plans for share buyback and retirement, given the recent interest rate trends, we still believe that it is meaningful to buy back and retire shares when the stock price is undervalued.
I know that you could even when she told all our junk.
Yang-seob Kim: 주주 환원의 방식에 대해서 원칙적으로 현금 배당과 자사주 모두를 함께 고민하겠지만, 기본적으로는 현금 배당을 안정적으로 유지하는 것이 우선이고요. 자사주 매입 소각은 기업 가치, 재무 구조나 성장 투자, 그다음에 외국인 지분율 등을 염두에 두고 종합적으로 검토해 나가도록 하겠습니다.
Kim Yang: The method of payment is based on the principle of cash payment and self-payment, but the priority is to maintain cash payment in a stable manner.
But wow, Okay, I mean, I get your MA kitchen man wouldn't overly hung compared to INR.
In terms of what are your children with Honeywell.
How about two bps wasn't yoga Chi.
Chemical Jonah sometimes tough so maybe it will come.
She'd been new delete them.
Cool.
I'm playing out that at all have you seen me though.
Yeah.
As for a means of shareholder return, we will of course consider both cash dividends and share buyback, but our priority is to maintain a stable cash dividend trend and we will continue to consider a diverse sectors such as valuation financial structure investment for growth and foreign investors seek deciding whether to proceed with additional share buyback.
Kim Yang: As for means of shareholder return, we will, of course, consider both cash dividends and share buyback, but our priority is to maintain a stable cash dividend trend, and we will continue to consider diverse factors such as valuation, financial structure, investment for growth, and foreign investors' interests in deciding whether to proceed with additional share buyback and cancellation.
Hee Jun Chung: As for means of shareholder return, we will, of course, consider both cash dividends and share buyback, but our priority is to maintain a stable cash dividend trend, and we will continue to consider diverse factors such as valuation, financial structure, investment for growth, and foreign investor stake in deciding whether to proceed with additional share buyback and cancellation in the future.
Jack and cancellation in the future.
Useful kind of location.
Kim Yang: Next, I will talk about the capital allocation plan.
Hey, Mike.
Yang-seob Kim: 이어서 capital allocation 계획에 대해 말씀드리겠습니다.
Yeah.
Next I'd like to comment on our cash our capital allocation plans.
Kim Yang: Next, I'd like to comment on our cash and our capital allocation.
Hee Jun Chung: Next, I would like to comment on our capital allocation plans.
Hey, Mike.
A tiny qimonda.
Yang-seob Kim: 해마다 조금 차이는 있지만, 통상 저희 SK Telecom은 연결 기준으로 5조 내지 5.5조 정도의 EBITDA를 창출합니다. 이를 CapEx로 한 약 3조, 주파수, 이자 비용 등 경상 지출로 1조 내지 1.5조를 사용하면 대략 한 1조 원 정도의 free cash flow가 남습니다.
Your.
Telecom, Linda I'm going to use them at all.
Kim Yang: SK Telecom Co Ltd. produces about 5 trillion to 5.5 trillion EBITDA based on the connection, and SK Telecom Co Ltd. If you use 1-1.5 trillion won, about 1 trillion won of cash flow will be left.
Some of which was a bit better.
Uh huh.
Hum.
Capex in Guangzhou Hangzhou.
Possible.
Hello.
I'll, let you.
I don't want them young.
And your children's Umbria, British follow me, though.
Well there has been some fluctuation so consolidated EBITA of SK Telecom is around five to 5.5 trillion won and we spent about three trillion one of Capex and one to $1 five trillion one of recurring expenses, including frequencies and interest payments. Then we have about one trillion won a free.
Kim Yang: While there have been some fluctuations, the consolidated EBITDA of SK Telecom is around 5 to 5.5 trillion won, and we spend about 3 trillion won on CAPEX and 1 to 1.5 trillion won on recurring expenses, including frequencies and interest payments. Then, we have about 1 trillion won of free cash.
Hee Jun Chung: While there have been some fluctuations of consolidated EBITDA of SK Telecom is around KRW 5 to 5.5 trillion, we spend about KRW 3 trillion of CapEx and KRW 1 to 1.5 trillion of recurring expenses, including frequencies and interest payments. We have about KRW 1 trillion of free cash flow.
Cash flow.
Each of them to move up.
Moura, who his speech them on.
Kim Yang: It is possible to say that a certain scale is a large scale.
Yang-seob Kim: 1조 원 규모가 큰 규모라고 할 수도 있지만, 저희가 꾸준히 한 7천억 이상의 현금 배당을 해오다 보니까 성장 투자나 차입금 관리 차원을 생각하면 사실은 운신의 폭이 그렇게 넓지 않은 것이 사실입니다.
So you've got could you need two tunnel.
So again I'm going to pay that money went up when you call someone.
Jumped on a tycoon by each one of the things that come into play she didn't we shouldn't forget.
English is actually either.
While you May think that one trillion one of cash our free cash flow is a large amount, but considering about 700 billion one of cash dividends. Each year. It is true that we do not have much room to maneuver around investments for growth and loan management.
Kim Yang: While you may think that $1 trillion won of free cash flow is a large amount, considering about $700 billion won of cash dividends each year, it's true that we do not have much room to maneuver around investments for growth and loan management.
Hee Jun Chung: While you may think that KRW 1 trillion of free cash flow is a large amount, considering about KRW 700 billion of cash dividends each year, it's true that we do not have much room to maneuver around investments for growth and loan management.
So you've got to do them.
Yeah.
Yang-seob Kim: 저희가 그동안 비교적 높은 수준의 주주 환원을 해왔지만, 사실 기업 가치를 좌우하는 요소가 비단 주주 환원 규모 하나만은 아닐 것이고, 성장을 위한 기업 가치 제고가 굉장히 중요하고 필요하다는 점에 대해서는 투자자 여러분도 공감할 것으로 생각합니다.
How 'bout Qimonda.
So I said, you've got shooters, how long an unusual gap you're done should you hold on.
One of them on in school.
Some general young.
You cut your typical.
The other piece rather than somebody isn't it so that it opens up.
Got my close within the coming about.
While we have maintained a relatively high level of shareholder returns corporate value is not just determined by the size of shareholder returns, but I'm sure that investors understand that we need further growth to be able to enhance our corporate value.
Hee Jun Chung: While we have maintained a relatively high level of shareholder returns, corporate value is not just determined by the size of shareholder returns. I'm sure that investors understand that we need further growth to be able to enhance our corporate value.
Hello.
So you're going to continue to put your sending data to them as well.
Yang-seob Kim: 물론 저희가 통신주로 포지셔닝 되어 있는 현시점에서 배당 수준은 기업 가치를 지지해 줄 수 있는 기반이라는 점에 대해서는 충분히 이해하고 있고요. 결국 기업 가치 제고를 위해서는 성장을 위한 투자와 주주 환원 간의 밸런스를 이루는 것이 굉장히 중요하다고 생각합니다.
Hum.
On your question don't you choose.
Isn't it.
Yeah.
Cut sheet, you would've isn't done.
Sure.
One of them got air Pillows.
No that was gonna come together.
Of course, as we are currently positioned positioned as a as a telecom stock we fully understand that dividend is what supports our evaluation in the market.
Hee Jun Chung: Of course, as we are currently positioned as a telecom stock, we fully understand that dividend is what supports our valuation in the market. It is important to achieve balance between investment for growth and shareholder returns for the purpose of valuation enhancement.
It is important to achieve balance between investment for growth and shareholder returns for the purpose of valuation enhancement.
Yeah.
Sometimes you're on your way.
Yang-seob Kim: 그래서 AI를 비롯한 미래 성장 투자를 위한 여력 확보를 위해서 회사는 cost control을 통한 수익성 개선, 자산 유동화, 투자 효율화 등 회사가 생각할 수 있는 모든 방안을 통해서 추가 리소스 창출을 추진해 나갈 계획입니다. 이상입니다.
Yes.
Right.
Cost control one.
Okay. So.
Under the law.
So I heard about them.
I didn't I'm not.
Sure.
Okay.
Many of them.
So in order to secure resources for future investments, including investments for AI to drive growth, we will do our best to create additional resources in all domains, including profitability improvement through cost control securitization of certain assets and investment efficiency enhancement. Thank you Tom.
Hee Jun Chung: In order to secure resources for future investments, including investments for AI to drive growth, we will do our best to create additional resources in all domains, including profitability improvement through cost control, securitization of certain assets, and investment efficiency enhancement. Thank you.
Tom or a gym and educate put in bank of America E meter. The next question will be presented by Samsung Me from Bank of America.
unknown: [inaudible]
Kim Yang: The fact is that it's not just the size of the company that determines the value of the company. I think investors will agree that inventory is very important and necessary for a company's value.
Operator: 다음으로 질문해 주실 분은 Bank of America의 이선정 님입니다. The next question will be presented by Sun Jung Lee from Bank of America.
Kim Yang: While we have maintained a relatively high level of shareholder returns, corporate value is not just determined by the size of shareholder returns, but I'm sure that investors understand that we need further growth to be able to enhance our corporate value.
Kim Yang: [inaudible] We fully understand that SK Telecom Co. Ltd. is a foundation that supports corporate value. In the end, I think it is very important to achieve a balance between investment for growth and shareholding for the stock value of a company.
Kim Yang: Of course, as we are currently positioned as a telecom stock, we fully understand that dividends are what supports our valuation in the market. But it is important to achieve a balance between investment for growth and dividends.
Yes, not here to pick coupon America, you sound very nearby to languish here I'm talking about it. So we don't go down. This all should you want on Tijuana and hook with Humana Philcox hope, we'll get around to conduct with such a well documented English codell. It's how comfortable can we just go.
unknown: [inaudible]
Sun-jung Lee: 안녕하세요. Bank of America 이선정입니다. 질문 기회 주셔서 감사합니다. 조금 전 답변에서 주주 환원 재원 확보 측면에서 각 사업부별로 조금 더 구체적으로 질문드리고 싶은데요. 첫 번째로, 지금 통신 산업 전반적으로 매출 성장 모멘텀이 지속적으로 약화되고 있는 상황으로 보입니다. 이런 상황에서 저희 무선통신 사업에서는 현재 어떤 부분을 주력 성장 포인트로 삼고 계시는지, 향후 전략이 있으시면 공유해 주시면 감사드리겠습니다. 그리고 두 번째로 작년부터 AI Pyramid 전략을 필두로 AI 사업 진행 중이신데, 현재까지의 주요 성과 및 향후 계획에 대해서 조금 더 구체적으로 설명해 주시면 감사드리겠습니다. 특히 주주 환원 재원 확보 측면에서 저희가 볼 수 있게 투자 계획 등도 있으시면 말씀 부탁드리겠습니다. 감사합니다.
Kim Yang: So, in order to secure resources for future investments, including investments for AI to drive growth, we will do our best to create additional resources in all domains, including profitability improvement through cost control, securitization of certain assets, and investment efficiency enhancement. Thank you.
I know, it's a bundled or assume that your home downward momentum. So unfortunately, I'll call that windows Hello.
So we don't know how long you thought Tony was on coaches hold back on that.
Over there we don't come at some point Telecom Goalkicking M C.
Are you guys in Cushing, Oklahoma.
Did I get that.
Once that over time number three if you don't need to go to it at all you guys help thanks.
And that caused you to your home quantities Hello, Kara good Oh Telemundo competitor.
As you know Kentucky.
To keep doing that cause you hold onto them.
With regard to that.
So if you go back to that.
Scott.
And Nissan gentlemen, thank you for this opportunity as you mentioned in your previous answers you are going to continue to try to expand resources available for shareholder return. So in this regard I'd like to get more details on your business plans in particular, the telco revenue and the growth momentum is slowing down.
Lee Joon: The next question will be presented by Sunjeong Lee from Bank of America. Hello, I am Sunjeong Lee from Bank of America. Thank you for the opportunity to answer your question.
Hee Jun Chung: I'm Lee Sun-jung. Thank you for this opportunity. As you mentioned in your previous answers, you're going to continue to try to expand resources available for shareholder return. In this regard, I'd like to get more details on your business plans. In particular, the telco revenue and the growth momentum is slowing down. What are your key priorities for this year for your MNO business as well as strategies? Secondly, starting from last year, you have been pursuing and implementing the AI Pyramid strategy and you're promoting your AI businesses. I'd like to get a better understanding of the achievement so far and future plans. Please also share with us your plans for investment so that we can understand how much resources will be available for shareholder returns. Thank you. Thank you for your questions.
Lee Joon: I would like to answer your question in more detail in terms of securing shareholding resources. First of all, it seems that the momentum of growth in sales is continuously weakening in the telecommunications industry. In this situation, I would appreciate it if you could share your future strategies on what you are focusing on in the telecommunications industry. Secondly, you have been working on AI pyramid strategies since last year. Could you please explain in more detail your main achievements and future plans? In particular, if you have any investment plans for securing shareholding resources, please let us know. Thank you.
Lee Joon: Thank you for this opportunity. As you mentioned in your previous answers, you're going to continue to try to expand resources available for shareholder return. So in this regard, I'd like to get more details on your business plans. In particular, telco revenue and growth momentum are slowing down.
So what are your key priorities for this year for your <unk> business as well as strategies and secondly, starting from last year your husband pursuing in implementing the AI pyramid strategy and you're promoting your Eva AI businesses, So I'd like to get a better understanding of the achievement, so far and future plans.
Lee Joon: So, what are your key priorities for this year for your M&O business as well as your strategy? And secondly, starting from last year, you have been pursuing and implementing the AI Pyramid Strategy, and you're promoting your AI businesses. So I'd like to get a better understanding of the achievements so far and future plans. Please also share with us your plans for investments so that we can understand how much resources will be available for shareholder returns.
Please also share with us.
Our plans for investments so that we can understand how much resources will be available for shareholder returns. Thank you.
Yeah that was home depot.
unknown: Thank you for your questions. (inaudible)
Sure.
Hum.
Now for some time.
How about yourself.
0.2 colonialism.
Pulling up market.
Thank you Sir.
You also okay. So let them. Thank you so <unk>.
Some color can you give us what I'm asking to do little Christina.
Thank you for your questions and for the first question the head of the integrated marketing strategy office will comment on the key priorities and strategies for the M. N O business and then the head of the corporate strategy office will comment on the major achievements and plans for the AI pyramid strategy.
unknown: Thank you for your questions. As for the first question, the head of the Integrated Marketing Strategy Office will comment on the key priorities and strategies for the M&O business, and then the head of the Corporate Strategy Office will comment on the major achievements and plans for the AEI Pyramid strategy.
Hee Jun Chung: As for the first question, the head of the Integrated Marketing Strategy Office will comment on the key priorities and strategies for the MNO business. The head of the Corporate Strategy Office will comment on the major achievements and plans for the AI Pyramid strategy. I am Kim Ji-hyeong, Head of the Integrated Marketing Strategy Office. I believe you asked this question because the MNO growth trend centered on 5G subscriber net add is likely to slow down with the 5G penetration rate being nearly 70%. Going forward, the key to our MNO business will be to grow the top line through pricing and differentiated and competitive services, as well as enhancing the operational efficiency through AI technology.
And so one might get things done.
Got it.
Thank you.
Jinwon Kim: I'm Kim Ji-yong, in charge of the telemarketing strategy. The 5G supply rate is close to 70%, and it is expected that the wireless sales growth, which is based on the 5G signature, will be lower. I understand that you gave me the same order.
Oh hi.
It doesn't John ones will be similar as I mentioned is only going to do that now.
Quantity because it doesn't.
You don't have to engineer he can go through.
Uh huh.
I am Kim <unk> head of integrated marketing strategy Office I believe you asked this question because I'm an old growth trend centered on five G. Subscriber net adds is likely to slow down with the five Steve penetration rate being nearly 70%.
Ji Hoon Kim: I am Kim Ji-hyeong, head of the Integrated Marketing Strategy Office. I believe you asked this question because the M&O growth trend centered on 5G subscriber net ads is likely to slow down with the 5G penetration rate being nearly 70%.
Alright time when it was on average runs them in July.
Ji Hoon Kim: In the future, the main focus of the M&O business is to improve the competitiveness of the payment system and services, increase top-line growth, and to provide operational efficiency through the utilization of AI technology.
Oh come on this one.
Unbelievable, Oh, yeah, I don't want them into one.
As long as you want.
Neither.
So going forward the key to our metal business will be to grow the top line through pricing and differentiated and competitive services as well as enhancing the operational efficiency through AI technology.
Ji Hoon Kim: So, going forward, the key to our M&O business will be to grow the top line through pricing and differentiated and competitive services, as well as to enhance operational efficiency through AI technology.
Particularly with regard to a man who was once you announce I'm worried about it somebody else if I have assumed equity rule.
Ji Hoon Kim: Specifically, at the end of last March, we wanted to increase the number of customers and the choice of customers by increasing the retention of customers who are sensitive to price by increasing the 30,000 won to 5 sales tax and the additional segment sales tax for the younger generation.
Sometimes it can take months.
So we'll get to any questions.
Ooh Youll give me your language.
People don't understand that.
So more specifically, we announced new price plans at the end of March including a 30001 range five to your plan and then the additional segment pricing plan for the youth and it is intended to offer a more customer benefits and options in order to retain customers who are sensitive to price.
Ji Hoon Kim: So more specifically, we announced new price plans at the end of March, including a $30,000 one-range 5G plan and an additional segment pricing plan for the youth. And it is intended...
Hee Jun Chung: More specifically, we announced new price plans at the end of March, including a KRW 30,000 range 5G plan and an additional segment pricing plan for the youth. It is intended to offer more customer benefits and options in order to retain customers who are sensitive to price. In consideration of the popularity of OTT services in Korea, we offer our 5G customers discounts for OTT subscriptions, and we also launched a new premium price plan. These are part of our effort to continue to create demand based on customers' needs. Also, we restructured roaming plans into Baro pricing scheme to respond to increasing travel needs after the pandemic, and this has resulted in the increasing roaming revenue. It is an example of how we continue to develop new revenue streams.
Sure.
What do you see them.
Jim managed remotely as well.
SK Telecom via resumed in June returned to what T y.
Well, Hello, and premium yeah.
Yeah.
D J <unk> central or was any of that.
So and in consideration of the popularity of OTT services in Korea, we all four of our five G customers discounts for OTT subscriptions and we also launched a new premium price plan and these are part of our effort to continue to create demand based on customers' needs.
Ji Hoon Kim: In consideration of the popularity of OTT services in Korea, we offer our 5G customers discounts for OTT subscriptions, and we also launched a new premium price plan. This is part of our effort to continue to create demand based on customers.
Well in post Corona Oh, she did I hear you.
Thanks.
So how do we wound it all depends on your true human sometimes it means.
There'll be some Hudson, graduating bedroom gentlemen, Deutsche Bank.
Uh huh.
Also we restructured roaming plans into power or pricing scheme to respond to increasing travel needs. After the pandemic and this has resulted in increasing our roaming revenue and it is an example of how we continue to develop new revenue streams.
Is that when you open your medicine.
Yeah, Yeah, you're doing as well.
Got it.
John and I go to the lines in order to keep putting me as well.
So it didn't move at all on what you're doing holds on to that.
And in terms of market operation, we use AI technology to recommend products and services tailored for our customers and conduct more efficient marketing by utilizing online channels for customer acquisition.
Hee Jun Chung: In terms of market operation, we use AI technology to recommend products and services tailored for customers and conduct more efficient marketing by utilizing online channels for customer acquisition. Finally, we are also planning to utilize AI contact centers to enhance customer experience and improve cost efficiency in an effort to further improve the MNO profitability and productivity. Thank you. Hello, I am Choi Hwan-seok, Head of the Corporate Strategy Office. I'd like to address your question on the AI Pyramid strategy's major achievements and future plans. As the CFO mentioned during his presentation, the Global Telco AI Alliance, or GTAA, was officially launched in February to expand SK Telecom's AI Pyramid strategy globally.
Yes.
So you really wouldn't want environmental Gainesville will get to a woman.
One is a dual fuel and because of that.
I don't remember wrong things on some we're seeing some of those folks automobile.
You're talking about.
And finally, we are also planning to utilize AI contact centers to enhance customer experience and improved cost efficiency in an effort to further improve profitability.
Profitability and productivity. Thank you.
Yeah, and you asked me cartoons, let them down.
What's interesting.
unknown: [inaudible]
Ji Hoon Kim: Also, we restructured roaming plans into a borrow pricing scheme to respond to increasing travel needs after the pandemic, and this has resulted in increasing roaming revenue. And it is an example of how we continue to develop new revenue streams.
I guess I'll go up can you give us a little bit.
Hello, I am Cho Huntsville head of the corporate strategy office I like to address your question on the AI purely met strategies major achievements and future plans.
Ji Hoon Kim: In the field of market operations, we use AI to suggest optimized products and services to our customers and actively utilize the online channel to proceed with customer location in a more efficient way.
Ji Hoon Kim: And in terms of market operation, we use AI technology to recommend products and services tailored to our customers. [inaudible] Lastly, we plan to increase productivity and profitability by improving customer experience while improving cost efficiency through customer counseling using AICC. And finally, we are also planning to utilize AI contact centers to enhance customer experience and improve cost efficiency in an effort to further improve M&O profitability and product quality.
Hwan Seok Choi: Hello, I'm Choi Hwan-seok, in charge of the AI Pyramid Strategy. I'd like to talk about the results and plans for the second question, AI Pyramid Strategy.
So disappointing because if the bathrooms just men because I'm sorry pardon me just how is.
Hwan Seok Choi: Hello, I am Choi Hwan Seok, head of the Corporate Strategy Office. I'd like to address your question on the AEI Pyramid Strategy's major achievements and future plans.
Hwan Seok Choi: As the CEO of Seodo said, the Global Telco AI Alliance, or GTAI, which will expand the AI pyramid strategy of our company to the global level, will be officially launched in February.
On a global scale.
Your line is supposed to be the Chi Chi.
Your thought it was a triple.
As the CFO mentioned during his presentation, the global Telco AI alliance or a G. T. A a was officially launched in February to expand SK Telecom's AI pyramid strategy globally.
Hwan Seok Choi: As the CFO mentioned during his presentation, the Global Telco AI Alliance, or GTAA, was officially launched in February to expand SK Telecom's AI pyramid strategy globally.
Oh.
You don't have to do it.
Number two coupons softbank.
Hwan Seok Choi: Europe's DT, the Middle East's EN, Southeast Asia's Singtel, Japan's SoftBank, and our company's founding member. If we combine all of these customers, we will be able to access about 1.3 billion customers in 50 countries.
Choi Hwan-seok: 동남아의 Singtel, 일본 SoftBank, 그리고 저희 회사, 이 다섯 개 사가 Founding Member고요. 고객들을 다 합치면 50개국에 13억 정도의 고객을 접근할 수 있는 스케일이 확보가 되었습니다.
Could you talk a founding member.
We'll get to the top female skewing some of them do it.
Got it.
And the founding members of the global Telco AI Alliance or Deutsche Telekom in Europe, and in the Middle East Singtel in South East Asia, and Softbank in Japan, as well as SK telecom. So when combined we have access to $1 3 billion subscribers in 50 countries.
Hwan Seok Choi: And the founding members of the Global Telco AI Alliance are Deutsche Telekom in Europe, EN in the Middle East, Singtel in Southeast Asia, and SoftBank in Japan, as well as SK Telecom. So when combined, they have access to 1.3 billion subscribers in 15 years.
Hee Jun Chung: The founding members of the Global Telco AI Alliance are Deutsche Telekom in Europe, e& in the Middle East, Singtel in Southeast Asia, and SoftBank in Japan, as well as SK Telecom. When combined, we have access to 1.3 billion subscribers in 50 countries.
Okay.
Okay.
I don't know if you go too much on those to move when the deal was I missed the Benbow service.
Hwan Seok Choi: In addition to the five companies that participated, other telecom companies are also receiving attention by asking various questions. We are discussing the expansion of the membership while talking together.
Choi Hwan-seok: 여기 참여한 다섯 개 사 이외에 다른 Telco들도 여러 가지 질문을 주면서 주목을 받고 있는데요. 같이 얘기하면서 멤버사를 계속 확대에 대한 부분들을 논의 중에 있습니다. Global Telco들의 고객이나 기술, 그리고 서비스 역량을 모아서 규모의 경제와 글로벌 커버리지를 넓히는 것이 목표입니다.
It isn't broken through.
Gruber quota that will kick in.
Okay.
So I'm going to muscle.
Coming to our global.
Coupled with the drug.
In addition to these five founding members we have been receiving a lot of interest and attention from various telecom companies around the world. So we're in the process of expanding the membership of the alliance and we will achieve economies of scale and global coverage by utilizing global telcos customers technology and service capable.
Hwan Seok Choi: In addition to these five founding members, we have been receiving a lot of interest and attention from various telecom companies around the world. So we're in the process of expanding the membership of the Alliance, and we will achieve economies of scale and global coverage by utilizing global telcos' customers, technology, and service capabilities.
Hee Jun Chung: In addition to these five founding members, we have been receiving a lot of interest and attention from various telecom companies around the world. We're in the process of expanding the membership of the alliance, and we will achieve economies of scale and global coverage by utilizing global telcos, customers, technology, and service capabilities.
Latif.
Yeah.
So you've got good food.
Hwan Seok Choi: In terms of the structure of the AI pyramid strategy that we talked about, the first layer is AI infrastructure. Based on multinational customers and data, we plan to create a Telco-specific LLM and provide it to the participating members. Through this, we expect to have a common platform for the entire global Telco and increase the possibility of negotiating with big tech companies.
Choi Hwan-seok: 이 내용을 저희가 말씀드렸던 AI Pyramid 전략의 구조로 설명을 드리면, 먼저 1층은 AI 인프라 영역입니다. 여기서는 다국적 고객이나 데이터를 기반으로 해서 Telco LLM을 만들어서 같이 참여한 멤버사한테 제공할 계획입니다. 이를 통해서 Global Telco 전체에 공통의 플랫폼을 갖추고 빅테크 대상 협상력도 높일 수 있을 것으로 기대하고 있습니다.
Yeah, so I'm going to turn.
Egypt was also noticed the amendment, so you'd see them implementing them.
And then you tell.
So you cannot be.
Bundled with four of course, just to get it in my intro thoughts.
Bimbo southern pits.
Can you give me that he was telling me this whole.
Global telcos on to come to school.
So I'm going to talk this through school.
So when we apply what I just mentioned to the AI pyramid strategy. The first layer is the AI infrastructure domain and there we plan to develop telco specific LLM based on multinational customers and data and offer it to our member companies and we believe that this will help build a common platform for <unk>.
Hwan Seok Choi: So when we apply what I just mentioned to the AI pyramid strategy, the first layer is the AI infrastructure domain, and there we plan to develop telco-specific LLM based on multinational customers and data and offer it to our member companies. We believe that this will help build a common platform for telcos and strengthen our negotiating power against big players.
Hee Jun Chung: When we apply what I just mentioned to the AI Pyramid strategy, the first layer is the AI Infrastructure domain, and there we plan to develop Telco-specific LLM based on multinational customers and data and offer it to our member companies. We believe that this will help build a common platform for Telcos and strengthen our negotiating power against big tech companies.
Locals and strengthen our negotiating power against Big Tech companies.
Yeah.
Yeah.
Hwan Seok Choi: In addition to TELCOL-LM in the field of AI infrastructure, there is also AI-DC, an AI semiconductor. We are continuously accumulating this part and building up AI capacity. In addition to our company's own use, we are planning to provide solutions to GTA members and expand globally.
Choi Hwan-seok: AI 인프라 영역의 Telco LLM 이외에 AI DC, AI 반도체도 있는데요. 이 부분도 계속 저희가 축적해서 AI 역량을 쌓아가고 있습니다. 이 부분도 역시 저희 회사가 스스로 사용하는 것 이외에도 GTAA 멤버사에 솔루션을 제공하면서 글로벌로 확장할 것으로 기대하고 있습니다.
And what you're doing and do you believe in the kitchen.
So careful.
You Boondocks seats, how you guys have got to sort of phone, let me go to Youtube and play so listen it's a woman's health global Lockdown.
In addition, a D C. NAIA semiconductors are part of the AI infrastructure domain, and we have been accumulating related capabilities will not only utilize these capabilities internally, but also offer them to the members of the G. T. A a so that we can expand our business globally.
Hwan Seok Choi: In addition, AIDC and AIA semiconductors are part of the AI infrastructure domain, and we have been accumulating related capabilities. We will not only utilize these capabilities internally but also offer them to the members of the GTAA so that we can expand our business globally.
Hee Jun Chung: In addition, AI DC and AI Semiconductors are part of the AI Infrastructure domain, and we have been accumulating related capabilities. We will not only utilize these capabilities internally, but also offer them to the members of the GTAA so that we can expand our business globally.
Oh, Yeah Timothy soon.
Hwan Seok Choi: The second floor of the A.I. Pyramid is the A.I.X area. This is the T.B. area.
Choi Hwan-seok: AI 피라미드의 2층은 AI-X 영역인데, 여기는 TBE 전반, TBE라고 하면 저희 MNO, 다음에 미디어, 엔터프라이즈 사업이 되겠습니다. 여기 전반적으로 생산성을 높이고 BM을 혁신하는 쪽에 집중적으로 추진 중이고요. 앞서 김정남 대표님이 설명해 주신 것처럼 마케팅이나 서비스 고객 접점을 AI로 효율화하고 있는 부분하고, 1층에서 만들어진 Telco LLM이 적용된 유스케이스를 GTAA 멤버사들과 공유하고 글로벌리 확산해서 저희 SKT가 Global Telco AI-X의 레퍼런스가 만들어가는 것이 목표입니다.
And then <unk> got to be you know what I mentioned.
Maybe if you are going to place that'd be the case.
Hwan Seok Choi: stands for M&O, Media, and Enterprise. We are focusing on increasing productivity and innovating B.M. As Mr. Kim just explained, we are using A.I. for marketing and customer service. SK Telecom Co Ltd will share the Telco LRM used on the 1st floor with GTA members and spread it globally so that SK Telecom can create a global reference for Telco AIX.
Somebody the rural sometimes someone look people.
Hum.
Also who consumed most of them got Saddam marketing that's obvious.
Yeah sure.
It seems like there was antiquated it means we're getting things through Jamie also do go.
Globally, some muscle so yes keeps you got global too.
The parents, who up until around the go to people for me, though.
And the second layer of the pyramid strategy is the AI XO, which involves transforming beat T. B E. R. M N O media and enterprise businesses using AI as Louis mentioned previously we are planning to use AI for customer contact and marketing activities and Furthermore, we.
Hee Jun Chung: The second layer of the AI Pyramid strategy is the AI-X, which involves transforming TBE or MNO media and enterprise businesses using AI. As was mentioned previously, we are planning to use AI for customer contact and marketing activities. Furthermore, we will share these use cases of Telco-specific use cases of AI with members of the GTAA and expand them globally to build global references for Telco AI-X.
Hwan Seok Choi: And the second layer of the AI pyramid strategy is the AIX, which involves transforming TBE or M&O, media, and enterprise businesses using AI. As mentioned previously, we are planning to use AI for customer contact and marketing activities, and furthermore, we will share these use cases of telco-specific use cases of AI with members of the GTAA and expand them globally to build global references for telco AIX.
We will share. These use cases of telco specific use cases of AI with members of the G. T a and expand them globally to build global references were telco a X.
It's a matter of some global P. P for P. Sue It then.
Choi Hwan-seok: 마지막으로 3층은 Global PAA 서비스에 대한 층인데요. 1층에서 Telco 공통으로 만들어진 플랫폼 위에 GTAA 멤버사가 연합해서 제공하는 서비스를 말합니다. A.으로 개척한 국내 PAA를 글로벌 확장해서 각국의 Telco가 로컬의 특성에 맞게 서비스를 현지화하고 새로운 고객 경험을 만들어도록 하는 것이 목표가 되겠습니다.
Hwan Seok Choi: Lastly, the third floor is the global PAE service floor. On the first floor, there is a service provided by the GTE Corporation on a platform that is made up of telecoms in common. By expanding the domestic PAE, which was pioneered with ADAS, each country's telecom will be able to meet local characteristics.
You'd see a full crew cookie tool when the roads and put up on my team and we'll talk to all of you on our people to go on this one.
Yeah, absolutely so coming from it.
Global <unk> credit facility.
Obviously, Joe Who's thrown quickly.
I mean, most people thought.
Yeah.
And finally.
Of the pyramid strategy.
Hee Jun Chung: Finally, the top layer of the AI Pyramid strategy is about developing Global PAA. It refers to services provided by the GTAA on the common telecom platform that we will build for the first layer. The PAA service of A. will be expanded globally, and each Telco will be able to localize PAA for their local users and present new customer experiences.
Hwan Seok Choi: And finally, the top layer of the A.I. pyramid strategy is about developing global PAA. It refers to services provided by the GTAA on the common telecom platform that we will build for the first layer. The PAA service of ADOT will be expanded globally, and each telco will be able to localize PAA for their local users and present new customer experiences.
Developing global P. A it refers to services provided by the G. T. A a on the common telecom platform that we will build for their first layer and the P. A service of eight odd we've expanded globally and each total will be able to localize PAA for their local users and present, a new customer.
<unk>.
Yeah.
How long this will translate into certainly.
Choi Hwan-seok: 그리고 AI 관련해서 추가적인 투자에 대한 것도 질문을 주셨는데요. 저희가 작년에 Anthropic 투자처럼 당사가 추진하고 있는 AI company 방향과 직접적으로 연관돼 있고, 시너지를 낼 수 있다고 판단한 영역에서 적정하고 합리적인 규모의 투자를 추진한다는 것이 원칙입니다.
Hwan Seok Choi: You also asked about additional investment in AI. Just like last year's entropic investment, we believe it is a principle to pursue an appropriate and reasonable investment in an area that is directly related to the direction of the AI company you are promoting and can create synergies. You also asked a question about the plans for AI investments. As was the case with our investment in Anthropiq last year, when we see opportunities that are very much in line with our AI strategy and where we can create synergies, we will make reasonable and various types of AI investments.
So you got some you know they're going through.
Saddam How're you got a lot of smoke completely depending on what steps are literally I'm going to school she knows electric.
Some of them are hungry children.
I'm Douglas you want to give you that.
You also asked a question about the plans for AI investments as was the case of our investment in <unk> last year, when we see opportunities.
Hee Jun Chung: You also asked a question about the plans for AI investments. As was the case of our investment in Anthropic last year, when we see opportunities that are very much in line with our AI strategy and where we can create synergies, we will make reasonable and various types of investments for AI.
<unk> are very much in line with our AI strategy, and where we can create synergies, we will make reasonable and various types of investments for AI.
But to do so.
Not for two more stimulus.
Choi Hwan-seok: 구체적인 투자 대상이나 규모, 시점 같은 건 확정되진 않았는데, 전사적인 차원에서 판단을 할 거고요. 신용등급도 또는 리소스 규모 등 다각적인 측면을 고려해서 최대한 신중하게 판단할 예정입니다. 감사합니다.
So that's all getting Tolinase hope I'm done.
Oh, well snow didn't go to resource model.
Hum.
Hwan Seok Choi: [inaudible] We will consider various aspects, including credit rating and resource size, and make the most careful decision.
They've come down you're talking about I'm talking about.
As far as specifics on what companies or how much investment or when we have not yet finalized on D. C tails, but we are going to continue to approach them from an enterprise or a company wide perspective, and we will be prudent and careful and making decisions regarding these investments are inconsistent.
Hwan Seok Choi: As for specifics on what companies or how much investment or when, we have not yet finalized these details, but we are going to continue to approach them from an enterprise or company-wide perspective. And we will be prudent and careful in making decisions regarding these investments in consideration of credibility and the size of resources available.
Hee Jun Chung: As for specifics on what companies or how much investment or when, we have not yet finalized on these details, but we are going to continue to approach them from an enterprise or company-wide perspective, and we will be prudent and careful in making decisions regarding these investments in consideration of credibility and the size of resources available. Thank you.
Moderation of credibility and the size of resources available. Thank you.
Tom what are the two minutes reshaping in D V commune today I don't want you made me that the next question will be presented by the injunction from DB financial investment.
Operator: 다음으로 질문해 주실 분은 DB금융투자의 신은정 님입니다. The next question will be presented by Eun Jung Shin from DB Financial Investment.
And the only thing I talked to Columbia Timberland pretty subtle.
Shin Eun-jung: 네, 안녕하세요. 저 두 가지 질문드리도록 하겠습니다. 저희 IR을 보니까 무선 수익에서 로밍 서비스 이용자가 많이 늘어나고 있는 것으로 보입니다. 그거 관련해서 공유 가능하신 지표나 향후 전망 같은 거 알려주시면 좋겠고요. 두 번째는 잘 성장하고 있는 Enterprise 부분도 궁금한데, 1분기 실적이랑 24년 연간으로는 어떻게 봐야 하는지 전망 공유해 주시면 감사하겠습니다.
Tori.
When you are referring to.
Oh, the wings, obviously younger Bonnie.
With me, though.
And I think he put on board.
I have just two minutes well to one gain until you kind of hold on Halloween and took probably different than other companies.
Thanks, Tony.
Just kind of don't like about forget biotic Mong Duong.
You bet.
I would like to ask two questions when I look at the IR material I can see that among your services. Your roaming usage is constant your own device. So if there are any specific statistics that you can share with us regarding roaming I would appreciate that and I would also like to understand your outlook on.
Hee Jun Chung: I would like to ask two questions. When I look at the IR material, I can see that among your MNO services, your roaming usage is constantly on the rise. If there are any specific statistics that you can share with us regarding roaming, I would appreciate that. I would also like to understand your outlook on your roaming business. The second question has to do with your growing enterprise business. What was the actual result for Q1, and what is your annual or full-year outlook on your enterprise business? Thank you.
On your roaming business. The second question has to do with your growing enterprise business. What was the actual results for the first quarter and what is your annual where full year outlook on your enterprise business. Thank you.
Yeah.
Uh huh.
So she got roaming services.
Yang-seob Kim: 네, 질문 감사합니다. 먼저 제가 로밍 서비스 관련해 답변을 드리고 이어서 Enterprise 사업과 관련한 내용은 Enterprise 사업 전략 담당이 답변드리도록 하겠습니다. 그럼 먼저 로밍 서비스 실적 및 전망에 대해 말씀드리겠습니다.
unknown: Thank you.
TD cool useful enterprises have qualified on day, one and took prices helps a lot of time doing that.
So forgive me that put on Bunzl, let me flip it seems to me some money to buy some video from yourself.
Thank you for your questions I would like to address your question on our roaming business and then the head of the enterprise business strategy Office will address your second question on the enterprise business. So now I'd like to comment on the actual results of the roaming service and outlook.
Eunjung Shin: The next question will be presented by Eunjung Shin from DV Financial Investments. Hello, I have two questions for you. I see that there are more and more roaming service users on IELTS.
Hee Jun Chung: Thank you for your questions. I would like to address your question on our roaming business, and then the Head of the Enterprise Business Strategy office will address your second question on the enterprise business. Now I'd like to comment on the actual results of the roaming service and outlook.
Eunjung Shin: I'd like to know if you can share any future prospects with us. Secondly, I'd like to know about the enterprise that is growing well. Thirdly, I'd like to know about your prospects for the first quarter and for the next 24 years.
Eunjung Shin: I would like to ask you two questions. When I look at your IR material, I can see that, among your M&O services, your roaming usage is constantly on the rise. So, if there are any specific statistics that you can share with us regarding roaming, I would appreciate that. I would also like to understand your outlook on your roaming business. The second question has to do with your growing enterprise business. What was the actual result for the first quarter, and what is your annual or full-year outlook for your enterprise business?
unknown: First of all, I will answer questions about roaming services. Then, I will answer questions about enterprise business strategies. First of all, I will talk about the schedule and prospects for roaming services.
You ship some of them do happen Gilead truly notable young.
unknown: Thank you for your questions. I would like to address your question on our roaming business, and then the head of the Enterprise Business Strategy Office will address your second question on the enterprise business. So now, I'd like to comment on the actual results of the roaming service and its outlook.
Kim Ji-hyeong: 23년도 같은 경우에 출국률을 보면 2019년 대비한 70% 수준입니다. 근데 로밍 이용률은 19년 대비한 1.5배 증가했습니다.
You change when you want to be on tissue.
So didn't hear me, though.
There will be you Marilyn.
So it will be nice to me, though.
In 2023, the outbound travel was only about 70% of the level of 2019. However, the roaming usage increased by one five times.
unknown: In the case of 2023, if you look at the departure rate, it is 70% compared to 2019. However, the usage rate of ROMI increased by 1.5 times compared to 2019.
Kim Ji-hyeong: In 2023, the outbound travel was only about 70% of the level of 2019. However, the roaming usage increased by 1.5 times.
unknown: In 2023, outbound travel will be only about 70% of the level of 2019, but roaming usage will increase by 1.5 times.
You don't care, what kind of time I'm going to you've got some moment, we should put into how do you promote Sean.
unknown: The results show that our first roaming 50% discount promotion, 50% discount for young people, increasing the amount of data provided as per the existing demand, family roaming, etc. Marketing that reduces the burden of customers' roaming demand. I think it was important that the customer base was expanded through some discriminatory services such as direct calls used by more than 75% of customers on roaming charges.
Kim Ji-hyeong: 이런 결과가 나타난 건 저희의 첫 로밍 50% 할인 프로모션, 영청년 50% 할인, 기존 요금 그대로 데이터 제공량 확대, 가족 로밍 등 고객의 로밍 요금 부담을 덜어주는 마케팅과 로밍 요금제 고객의 75% 이상이 사용하는 바로 통화 등 차별적인 서비스를 통해 고객 기반이 확대된 것이 주효했다고 생각합니다.
Chung, which puts into Hudson she's doing the open compared with Pizza hut.
So Bloomington, Colgate <unk> cool.
Originally about Katyn guar looming yoga music will get cheap post tissue will present these are in Taiwan and part of why that's happening.
Obviously the query.
Coupon you distinguish it yet there wasn't a company though.
We believe that this roaming usage increase was mainly thanks to the expansion of the customers. Thanks to marketing campaigns to reduce the financial burden for customers, including a 50% off promotion for the first time roaming users and 50% off for the youth and more data provision for the same price plans.
unknown: We believe that this roaming usage increase was mainly thanks to the expansion of the customers, thanks to marketing campaigns to reduce the financial burden for customers, including 50% off promotion for the first-time roaming users and 50% off for the youth, and more data provision for the same price plans, as well as differentiated services such as the
Kim Ji-hyeong: We believe that this roaming usage increase was mainly thanks to the expansion of the customers, thanks to marketing campaigns to reduce the financial burdens for customers, including 50% off promotion for the first-time roaming users and 50% off for the youth, and more data provision for the same price plans, as well as differentiated services such as the borrow call plan that more than 75% of the roaming price plan customers are using.
As long as differentiated services, such as the borrow cool a plan that more than 50 more than 75% of the roaming price plan customers are using.
Oh God I won't go through them.
Chinese plenty of whatever Joann Horne argue no money at home at all.
unknown: The brighter the future is, in the case of this year, we expect that it will be the first year in five years since the Corona pandemic to see a return to the level of 2019.
Kim Ji-hyeong: 향후가 더 밝은 것은 2024년 올해 같은 경우에 코로나 이후에 5년 만에 처음으로 2019년 수준의 출국률이 회복되는 해가 될 것으로 전망하고 있습니다.
Who knows.
Hey, Bob.
And he got a request for tomorrow, we figure it out.
The outlook for our roaming business is pretty bright because 'twenty 'twenty four is expected to be the first year since the pandemic went outbound travel will reach the 2019 level.
unknown: The outlook for the roaming business is pretty bright because 2024 is expected to be the first year since the pandemic when outbound travel will reach 2019.
Kim Ji-hyeong: The outlook for roaming business is pretty bright because 2024 is expected to be the first year since the pandemic when outbound travel will reach the 2019 level.
Oh, I don't know Neil shipyard, alumina coupon, which push it too hard in promotion of young at all.
unknown: Due to the promotion of a 50% discount on the December roaming coupons, the number of roaming users in the first quarter of 2024 increased by 1.6 times compared to the same period in 2019 and the same period in the previous year. It is estimated that the increase in the number of roaming users will lead to an increase in the usage rate of 0,00 customers who receive a 50% discount on family roaming and a permanent 50% discount on family roaming.
Kim Ji-hyeong: 가족 로밍 12월 로밍 쿠폰 50% 할인 프로모션의 영향으로 2024년 1분기 로밍 이용자는 2019년 동기 및 전년 동기 대비해서 모두 1.6배 증가했고요. 올해 역시 로밍 이용 인구의 70% 이상이 이용하는 가족 로밍과 상시 50% 할인 혜택을 받는 영·청년 요금제 고객의 로밍 이용 증가가 이용률 증대를 이끌 것으로 추정하고 있습니다.
Thank you Jonathan.
You changed you're putting.
Moving on.
Me too.
So we'll do some bets and.
Go ahead.
She doesn't mean, you Ingrid sheesh Posties hurting you on in hydro moving wall hung jewelry, she put into hunting at picking up on them.
You're welcome Jay who can't get roomy Gogo human routes.
Oh, you could go through.
So what we see though.
Thanks to the family roaming at 50% off promotion for December the number of roaming users in the first quarter grew one six times year over year and compare it to the first quarter of 2019. So this year roaming usage growth is expected to be driven by the family room service utilized by more than 70% of house.
unknown: And thanks to the family roaming and 50% off promotion for December, the number of roaming users in the first quarter grew 1.6 times year over year and compared to the first quarter of 2019. So this year, roaming usage growth is expected to be driven by the family roaming service utilized by more than 70% of households that use roaming, as well as the increased roaming usage by youth zero plan subscribers that enjoy 50% off roaming at all.
Kim Ji-hyeong: Thanks to the family roaming and 50% off promotion for December, the number of roaming users in Q1 grew 1.6 times year over year and compared to Q1 2019. This year, roaming usage growth is expected to be driven by the family roaming service utilized by more than 70% of households that use roaming, as well as increased roaming usage by youth zero plan subscribers that enjoy 50% off for roaming at all times.
So it's I use roaming as well as increased roaming usage by youth zero plan subscribers that enjoy 50% off for roaming at all times.
G you.
You talked about because of single window Katoomba Amun.
Kim Ji-hyeong: 특히 이용자가 계속 증가하고 있는 가족 로밍은 23년 4분기 28만 명에서 2024년 1분기에 41만 명으로 이용자 수가 46% 증가했고요. 높은 고객 만족도에 힘입어서 23년 6월 출시 이후에 누적 이용자가 97만 명에 이르렀습니다. 그래서 SK텔레콤의 대표 로밍 상품으로 자리매김했습니다.
No problem G E.
unknown: In the fourth quarter of the 23rd year, 280,000 people... In the first quarter of 2013, 410,000 users... 46% increase. Due to the high level of customer satisfaction, after the launch in June of 2013, the cumulative number of users... The total number of participants was 970,000, making it SK Telecom's representative roaming product.
Cool.
Oh, you're talking you're saying.
Yes, hi.
And we're all human just you can just.
How should we you put into it.
<expletive> Weil Dupont.
Okay.
So it should be possible.
Tricia you yeah.
We took a human touch.
We shipped 2 million interest and as always its always keep looking at April what means from tomorrow today.
How do you make them.
In particular, the family of roaming subscribers are constantly under rise from 280000 in the first quarter of 2023.
unknown: In particular, the family roaming subscribers are constantly on the rise, from 280,000 in the first quarter of 2023 in the fourth quarter of 2023 to 410,000 in the first quarter of 2024, so up 46% from queue on queue. And with a high level of customer satisfaction, the family roaming service has become a major SK Telecom roaming product with a cumulative number of users standing at 970,000 since it was launched in June.
Kim Ji-hyeong: In particular, the family roaming subscribers are constantly on the rise from 280,000 in Q4 2023 to 410,000 in Q1 2024. Up 46% Q on Q. With a high level of customer satisfaction, the family roaming service has become a major SK Telecom roaming product with a cumulative number of users standing at 970,000 since it was launched in June 2023.
In the fourth quarter of 2023 to 410000 in the first quarter of 2024, so up 46% Q on Q and with a high level of customer satisfaction. The Sanya roaming service has become a major SK telecom bromine product with the accumulative number of users spending eight nine.
[noise] hundred 70000 since it was launched in June 2023.
Only at all.
You are talking about them at all.
Kim Ji-hyeong: 향후에도 로밍 첫 이용자가
Tell me what was seen in our promotional and well, let's get telecom manage hertzog into amines on.
Hee Jun Chung: 굉장히 적은 부담으로 로밍을 경험해 볼 수 있는 프로모션과 SK Telecom만의 차별적인 로밍 상품을 출시해서 신규 고객을 지속적으로 유치할 계획입니다. 이상입니다.
Sure so.
unknown: and SK Telecom Co Ltd. So, going forward...
Okay sure.
Oh sure.
Give me though.
And so going forward, we are planning to offer promotions for first time users to experience roaming service without much burden and launch differentiated roaming products to a in order to continue to attract new customers. Thank you.
Hee Jun Chung: Going forward, we are planning to offer promotions for first-time users to experience roaming service without much burden and launch differentiated roaming products in order to continue to attract new customers. Thank you.
unknown: So, going forward, we are planning to offer promotions for first-time users to experience the roaming service without much burden and launch differentiated roaming products in order to continue to attract new customers. Thank you.
Yes.
Enterprise, hopefully, you'll come down, particularly the kimono sheen and top as whole people won't be so much longer.
Jaejoon Bae: Hello, I am Jaejoon Bae, in charge of Enterprise business strategy. I would like to talk about the 1st quarter results for Enterprise and future strategies.
Bae Jae-joon: 안녕하십니까? Enterprise 사업전략담당 배재준입니다. 질문하신 Enterprise 사업 1분기 성과 및 향후 전략에 대해서 말씀드리겠습니다.
You bet.
I am <unk> head of the enterprise business strategy Officer I'd like to address your question on our enterprise business.
Pae Jae-joon: I'm Pae Jae-joon, head of the Enterprise Business Strategy Office. I'd like to address your question about our enterprise business.
Hee Jun Chung: I'm Bae Jae-jun, Head of the Enterprise Business Strategy Office. I'd like to address your question on our enterprise business.
Good I'm, sorry enterprises, all blend it doesn't oklahoma or something close to it and got it.
Bae Jae-joon: 24년 1분기 당사 Enterprise 사업은 데이터센터 가동률 상승 및 클라우드 수주 증가 등에 기인하여 매출 4,154억 원으로 YoY 9% 성장을 달성하였습니다.
Pae Jae-joon: The enterprise business in the first quarter of 2014 saw an increase in the number of data centers, and the increase in the number of cloud users has led to a YY9% growth of 415.4 billion won in sales.
I'll get true touch on what you saw one little while your wife wasn't just wanted to I wanted to try something else.
In the first quarter enterprise revenue posted $415 4 billion, one up 9% year over year. Thanks to the increase in data center utilization rates and cloud contracts.
Pae Jae-joon: In the first quarter, enterprise revenue posted 415.4 billion won, up 9% year-over-year, thanks to an increase in data center utilization rates.
Hee Jun Chung: In Q1, enterprise revenue posted KRW 415.4 billion, up 9% year over year, thanks to the increase in data center utilization rates and cloud contracts.
It doesn't cause problems single center quite onerous on us when we bought them at all.
Pae Jae-joon: The data center business continues to grow by quarter based on the increase in the operating rate of the new center. Accordingly, the 24-year data center... The growth rate is expected to be similar to the previous year.
Bae Jae-joon: 데이터센터 사업은 신규 센터 가동률 상승을 바탕으로 분기별 성장이 지속되고 있으며, 이에 따라 24년 연간 데이터센터 매출도 전년과 비슷한 수준의 성장이 예상되고 있습니다.
One is on each of those categories yet.
Gunn theaters and temperature do so knowing Washington's peninsula junkies.
The data center business continues to grow on a quarter over quarter basis on the back of increased utilization as new data centers. So the annual data center revenue for 'twenty 'twenty four is expected to record a similar growth rate as last year.
Pae Jae-joon: The data center business continues to grow on a quarter-over-quarter basis on the back of increased utilization of new data centers. Thus, annual data center revenue for 2024 is expected to record a similar growth rate as last year.
Hee Jun Chung: The data center business continues to grow on a quarter-over-quarter basis on the back of increased utilization of new data centers. The annual data center revenue for 2024 is expected to record a similar growth rate as last year.
Well each one sometimes don't come cheap.
Even if you go back to your someone Brooks O'neil Mickey D data centers.
Pae Jae-joon: In order to double its capacity to more than 200MW by 2030 and to become the number one data center business in Korea, we are working on establishing a new center in the metropolitan area.
Bae Jae-joon: 또한 2030년까지 보유 용량을 현재의 2배인 200MW 이상으로 확장하여 국내 1위 데이터센터 사업자로 도약하기 위해 수도권을 중심으로 신규 센터 설립을 추진 중입니다.
So I'm wondering if consumables shingles in total liberty.
And we're also in the process of establishing new data centers in the Seoul Metropolitan area to become curious number one datacenter provider by doubling our capacity to more than 200 megawatts by 2030.
Pae Jae-joon: And we're also in the process of establishing new data centers in the Seoul metropolitan area to become Korea's number one data center provider by doubling our capacity to more than 200 megawatts by 2025.
Hee Jun Chung: We are also in the process of establishing new data centers in the Seoul metropolitan area to become Korea's number 1 data center provider by doubling our capacity to more than 200MW by 2030.
Hello, Pablo months old church bits of outflow and ignored the sewage can be keep on my own.
Pae Jae-joon: First of all, the cloud business is based on the LA cloud demand brought in by Chet GPT and AI infrastructure as well as AI cloud business expansion.
Bae Jae-joon: 클라우드 사업은 먼저 ChatGPT가 불러온 AI 클라우드 수요의 증대에 기반하여 AI 인프라 등 AI 클라우드 사업 확대를 추진하고 있습니다.
Hum.
Okay.
And the cloud business will focus on growing cloud business and expanding AI powered business based on higher demand for AI cloud brought on by the popularity of Chachi P T.
Hee Jun Chung: The cloud business will focus on growing multi-cloud business and expanding AI cloud business based on higher demand for AI cloud brought on by the popularity of ChatGPT.
Pae Jae-joon: The cloud business will focus on growing the multi-cloud business and expanding the AI cloud business based on higher demand for AI cloud services brought on by the popularity of chat.
Oh, yes.
Good afternoon.
Pae Jae-joon: In the existing MSP sector, we are planning to launch a multi-cloud and hybrid-based business with SK Telecom Co Ltd's cost-reducing technology. Our goal is to reach a full-scale scale-up with the goal of becoming the center of a big account.
Bae Jae-joon: 기존의 MSP 섹터에서는 멀티 클라우드 및 하이브리드 수요에 대응해서 사업을 추진할 계획이고, 특히 SKT만의 비용 최적화 기술을 활용하여 Big Account 중심의 수주 증대를 목표로 본격적인 scale-up 달성을 추진하고 있습니다.
Multi cloud.
This is all public snarky with key SKT money pure intrusive clunky sort of Honeywell.
Thank you Miss you May ask what doesn't go.
Go to inculcate gets cleared up somewhat.
And for MSP, we will continue to support our transition to a multi cloud and we will utilize our own cost optimization technology to gain contracts from big accounts to achieve meaningful scale up.
Pae Jae-joon: And for MSPs, we will continue to support a transition to multi-cloud, and we will utilize our own cost optimization technology to gain contracts from big accounts to achieve meaningful scale-up.
Hee Jun Chung: For MSP, we will continue to support a transition to multi-cloud, and we will utilize our own cost optimization technology to gain contracts from big accounts to achieve meaningful scale-up.
Enterprise, it's all doing well because of the IPC Shizzle AI consequent to the point, where you don't know when there is contact center.
Pae Jae-joon: Enterprise AI business is increasing the number of AI contact centers in the existing IPCC, and it is encouraging the growth of this kind of business.
Bae Jae-joon: Enterprise AI 사업은 기존 IP-CC에서 AI 컨택센터로 변화가 일어나고 있는 AI 컨택센터 영역 수주가 확대되고 있으며, 이를 통해 성장을 견인하고 있습니다.
Looking at someone's home.
Uh huh.
The enterprise AI business growth has been driven by the increase of contracts for a ICC, which is that transition from a traditional IPCC.
Pae Jae-joon: The enterprise AI business growth has been driven by increased contracts for AICC, which is a transition from the traditional IPCC.
Hee Jun Chung: The enterprise AI business growth has been driven by the increased contracts for AI-CC, which is a transition from the traditional IP-CC.
I won't kill for as long as long you wondering if we'll go quick and then there's hundreds of years I'll just sum game on order, which you went on AI.
Pae Jae-joon: In order to be a pioneer in AI utilization in the future business market, AI simultaneous translation solution PressTalker, which supports 13 languages, SK Telecom Co Ltd, SKT, AICars, and AICopywriter, which produces advertising documents automatically, have released new products.
Bae Jae-joon: 향후 기업 시장에서 AI 활용이 본격화되는 트렌드의 선두자로 대응하기 위해서 13개 언어를 지원하는 AI 동시통역 솔루션 TransTalker, 구독형 AI 컨택센터 서비스인 SKT AI CCaaS, 그리고 광고 문구를 자동으로 생성하는 AI Copywriter 등 신규 상품을 출시하였습니다.
Solution principal cool.
The consequence of obviously in S E T <unk> constitute critical Hong Kong showroom.
So on AIA copulate with them. She goes I'm going to show you for me, though.
And we are also trying to respond to preemptively to the upcoming trend where AI is utilized for b to b market. So we recently launched new products, including trends talker and AI simultaneous interpretation solution that supports 13 languages.
Pae Jae-joon: And we are also trying to respond preemptively to the upcoming trend where AI is utilized for the B2B market. So we recently launched new products including TransTalker, an AI simultaneous interpretation solution that supports 13 languages, SK Telecom AI CCAS, a subscription-based AI contact center service, and AI copywriter that can generate advertising copies.
Hee Jun Chung: We are also trying to respond preemptively to the upcoming trend where AI is utilized for B2B market. We recently launched new products, including TransTalker, an AI simultaneous interpretation solution that supports 13 languages, SK Telecom AI CCaaS, a subscription-based AI contact center service, and AI Copywriter that can generate advertising copies.
K Telecom AIC casts a subscription based AI contact center service and a copywriter that can generate advertising copy.
I wanted to know what you're doing or are you truly coupon to chisel talked a little queued up with Taco cool complementary Shaw, who was killed one touch on production or can you give me though.
Pae Jae-joon: In the future, we would like to launch various products based on AI to actively capture opportunities, launch products, and achieve scale.
Bae Jae-joon: 향후에도 AI를 기반으로 한 다양한 상품을 출시해서 적극적으로 기회를 포착하고, 상품을 출시하고 scale을 달성토록 추진할 계획입니다.
So we are planning to continue to identify new opportunities and capture them and scale up our business by actively targeting expected AI demands in the b to B market.
Pae Jae-joon: So we are planning to continue to identify new opportunities and capture them and scale up our business by actively targeting expected AEI demands in the B2B market.
Hee Jun Chung: We are planning to continue to identify new opportunities and capture them and scale up our business by actively targeting expected AI demands in the B2B market.
Because when you go through.
Can you just talk about your components quarter much total August.
unknown: This concludes the conference call for the 1st quarter results. If you have any additional questions, please feel free to contact us. Thank you.
Hee Jun Chung: 그럼 이것으로 저희 1분기 실적 발표 컨퍼런스 콜을 마치도록 하겠습니다. 혹시 오늘 답변이 부족했거나 추가적으로 궁금하신 사항들은 언제든지 편하게 저희 IR 조직으로 문의해 주시기 바랍니다. 감사합니다.
Sure another top 20 drugs, which I'll kick one tradeoff what lessons on dividend.
It doesn't depend on Victoria I ask because you go to when you're just thinking about them is that comes out of it.
Now this concludes the earnings conference call for the first quarter of 2024, if you need further explanations or have additional questions. Please contact IR anytime. Thank you.
unknown: Now this concludes the earnings conference call for the first quarter of 2024. If you need further explanations or have additional questions, please contact IR at any time. Thank you.
Hee Jun Chung: Now, this concludes the earnings conference call for Q1 2024. If you need further explanations or have additional questions, please contact IR anytime. Thank you.
