Q3 2025 SK Telecom Co Ltd Earnings Call

Operator 1: 참여해 주셔서 감사합니다. 오늘 진행 순서는 SK텔레콤의 발표 후 참석해 주신 여러분과 질의응답 시간을 가질 예정입니다. 질문을 하실 분은 전화기 버튼의 별표와 1번을 누르시기 바랍니다. 그럼 지금부터 SK텔레콤 2025년 3분기 실적 발표를 시작하겠습니다.

Operator 2: Good morning and good evening. Thank you all for joining the conference call for the SK Telecom earnings results. This conference will start with a presentation followed by a Q&A session. If you have a question, please press star and one on your phone during the Q&A. Now we will begin the presentation on SK Telecom Q3 of fiscal year 2025 earnings results.

Speaker #1: How many ? SK Telecom Co Ltd Q2 . The . The SK Telecom Co Ltd . Good morning and good evening . Thank you all for joining the conference .

Operator: 컨퍼런스 콜에 참여해 주셔서 감사합니다. 오늘 진행 순서는 SK Telecom의 발표 후 참석해 주신 여러분과 질의응답 시간을 가질 예정입니다. 질문을 하실 분은 전화기 버튼의 *1번을 누르시기 바랍니다. 그럼 지금부터 SK Telecom 2025년 3분기 실적 발표를 시작하겠습니다. Good morning and good evening. Thank you all for joining the conference call for the SK Telecom earnings results. This conference will start with a presentation followed by a Q&A session. If you have a question, please press *1 on your phone during the Q&A. Now, we will begin the presentation on SK Telecom's third quarter of fiscal year 2025 earnings results.

Jung Heejun: 네, 안녕하십니까? SK텔레콤 IR 정희준입니다. 지금부터 2025년 3분기 실적 발표 컨퍼런스 콜을 시작하겠습니다. 오늘 컨퍼런스 콜은 재무실적 및 사업 현황 등에 대해서 간단히 먼저 말씀드리고 Q&A를 갖는 순서로 진행을 하겠습니다. 향후 전망과 관련된 내용은 시장과 경영 환경 등 다양한 변수에 따라서 달라질 수 있다는 점도 미리 말씀드립니다. 네, 그럼 김양섭 CFO의 말씀이 있겠습니다.

Speaker #1: Call for the SK Telecom earnings results. This conference will start with a presentation followed by a Q&A session. If you have a question, please press star and one on your phone during the Q&A.

Operator 2: Good morning, I am Jung Heejun, IRA of SK Telecom. Let us begin the Earnings Conference Call for Q3 of 2025. Today we will first deliver a presentation on the financial and business highlights followed by our Q&A session. Please note that all forward-looking statements are subject to change depending on various factors such as market and management situations. Let me now present our CFO.

Speaker #1: Now we will begin the presentation on SK Telecom's third quarter of fiscal year 2025 earnings results.

Speaker #2: SK Telecom . Conference . Conference . Yang-seob Kim . The .

Yang-Seob Kim: 안녕하십니까, SK Telecom IRO 정희준입니다. 지금부터 2025년 3분기 실적 발표 컨퍼런스콜을 시작하겠습니다. 오늘 컨퍼런스콜은 재무 실적 및 사업 현황 등에 대해서 간단히 먼저 말씀드리고, Q&A를 갖는 순서로 진행하겠습니다. 그리고 향후 전망과 관련된 내용은 시장과 경영 환경 등 다양한 변수에 따라서 달라질 수 있다는 점도 미리 말씀드립니다. 그럼 김양섭 CFO의 말씀이 있겠습니다.

Kim Yang-seob: 안녕하십니까? SK텔레콤 CFO 김양섭입니다.

Operator 2: Good morning. This is Kim Yang-seob, CFO of SK Telecom.

Jung Heejun: 2025년 3분기는 사이버 침해 사고 극복을 위한 책임과 약속 프로그램을 시행함으로써 무선 사업을 재정비하고 전사 AI 역량을 재점검하며 새로운 목표와 각오를 다진 기간이었습니다.

Speaker #3: Good morning. I am Chong Hee Chung, Earl of SK Telecom. Let us begin the earnings conference call for Q3 of 2025.

Jun Hee: Good morning. I am 정희준, IRO of SK Telecom. Let us begin the earnings conference call for Q3 of 2025. Today, we will first deliver a presentation on the financial and business highlights, followed by a Q&A session. Please note that all forward-looking statements are subject to change depending on various factors, such as market and management situations. Let me now present our CFO.

Speaker #3: Today , we will first deliver a presentation on the financial and business highlights , followed by a Q&A session . Please note that all forward looking statements are subject to change depending on various factors , such as market and management situations .

Operator 2: Q3 2025 was a period where we renew our mobile business by implementing the accountability and commitment program to overcome the cybersecurity incident and reassess company-wide AI capabilities, thereby renew our goals and determination for the future.

Speaker #3: Let me now present our CFO.

Yang-Seob Kim: 안녕하십니까, SK Telecom CFO 김양섭입니다.

Speaker #2: SK Telecom CFO Kim .

Jung Heejun: 이번 분기에는 이러한 책임과 약속 프로그램이 재무적으로 크게 영향을 미쳤습니다.

Speaker #3: Good morning. This is Kim Yang-seob Kim, CFO of SK Telecom.

Yang-Seob Kim: Good morning. This is Kim Yangseop, CFO of SK Telecom.

Yang-Seob Kim: 2025년 3분기는 사이버 침해 사고 극복을 위한 책임과 약속 프로그램을 시행함으로써 무선 사업을 재정비하고 전사 AI 역량을 재점검하며 새로운 목표와 각오를 다진 기간이었습니다.

Operator 2: In this quarter, the accountability and commitment program has had a significant financial impact.

Speaker #2: So . AI .

Jung Heejun: 먼저 연결 매출은 전년 동기 대비 12.1%% 감소한 3조 7,781억 원을 기록했습니다. 고객 감사 패키지 시행으로 전 고객의 8월 이동통신 요금이 50% 할인되었고, T 멤버십 릴레이 할인 등이 반영되면서 이동통신 매출이 전년 동기 대비 5,477억 원 감소했습니다.

Speaker #3: The third quarter of 2025 was a period where we renewed our mobile business by implementing the Accountability and Commitment program to overcome the cybersecurity incident.

Jun Hee: The third quarter of 2025 was a period where we renewed our mobile business by implementing the Accountability and Commitment Program to overcome the cybersecurity incident and reassess company-wide AI capabilities, thereby renewing our goals and determination for the future.

Speaker #3: And reassess company-wide AI capabilities, thereby renewing our goals and determination for the future.

Operator 2: The consolidated revenue posted KRW 3,978.1 billion, 12.2% decline year on year. The M&A revenue fell by approximately KRW 547.7 billion year on year due to 50% charge discount in August for all customers with the customer appreciation package and series of T membership discounts.

Yang-Seob Kim: 이번 분기에는 이러한 책임과 약속 프로그램이 재무적으로 크게 영향을 미쳤습니다.

Speaker #2: The . .

Speaker #3: In this quarter, the Credibility and Commitment program has had a significant financial impact.

Jun Hee: In this quarter, the Accountability and Commitment Program has had a significant financial impact.

Yang-Seob Kim: 먼저 연결 매출은 전년 동기 대비 12.2% 감소한 3조 9,781억 원을 기록했습니다. 고객 감사 패키지 시행으로 전 고객의 8월 이동통신 요금이 50% 할인되었고, T-Membership 딜레이 할인 등이 반영되면서 이동통신 매출이 전년 동기 대비 5,477억 원 감소했습니다.

Speaker #2: Debut on some . The . 80% . Membership . On the .

Jung Heejun: 큰 폭의 매출 감소에 따라 영업이익은 전년 동기 대비 90.9% 감소한 484억 원을 기록하였습니다.

Operator 2: The significant sales decline led to 90.9% year-on-year drop in operating income to KRW 48.4 billion.

Speaker #3: Consolidated revenue posted 3,000,000,000.9781 billion won, down 12.2% year on year. The revenue fell by approximately 547.7 billion won year on year due to a 50% tariff discount in August for all customers.

Jun Hee: The Consolidated Revenue posted ₩3,978.1 billion, a 12.2% decline year-on-year. The revenue fell by approximately ₩547.7 billion year-on-year due to a 50% tariff discount in August for all customers with the Customer Appreciation Package and series of T-Membership discounts.

Jung Heejun: 당기순이익은 사이버 침해 사고 관련 과징금이 반영되며 적자를 나타냈습니다.

Operator 2: The net income turned negative due to the penalties from the cybersecurity incident.

Jung Heejun: 이렇듯 전례 없는 재무실적 악화에 따라 불가피하게 당사는 3분기 배당을 시행하지 않기로 하였습니다. 사고의 재무적 영향이 연간 지속되고 있지만 향후에는 배당을 재개할 수 있도록 최선을 다하겠습니다.

Speaker #3: With the customer appreciation package and a series of team membership discounts.

Yang-Seob Kim: 큰 폭의 매출 감소에 따라 영업이익은 전년 동기 대비 90.9% 감소한 484억 원을 기록하였습니다.

Speaker #2: Percent on . The .

Operator 2: Given the unprecedented deterioration in the financial performance, the company inevitably decided not to declare dividends for Q3. While the financial impact of the incident continues to weigh on the result, we are fully committed to restoring stability and resuming dividend payment going forward.

Speaker #3: Significant sales decline led to a 90.9% year-on-year drop in operating income to 48.4 billion won.

Jun Hee: The significant sales decline led to a 90.9% year-on-year drop in operating income to ₩48.4 billion.

Yang-Seob Kim: 당기 순이익은 사이버 침해 사고 관련 과징금이 반영되며 적자를 나타냈습니다.

Speaker #2: Gunn . The .

Speaker #3: Net income turned negative due to the penalties from the cybersecurity incident.

Jung Heejun: 다음으로 사업별 진행 상황에 대해 말씀드리겠습니다.

Jun Hee: The net income turned negative due to the penalties from the cybersecurity incident.

Operator 2: Now let me report on business updates.

Yang-Seob Kim: 이렇듯 전례 없는 재무 실적 악화에 따라 불가피하게 당사는 3분기 배당을 시행하지 않기로 하였습니다. 사고의 재무적 영향이 연간 지속되고 있지만, 향후에는 배당을 재개할 수 있도록 최선을 다하겠습니다.

Jung Heejun: 유무선 통신 사업은 사이버 침해 사고의 여파를 점차 회복해 나가고 있습니다. 5G 가입자는 1,726만 명으로 전 분기 대비 약 24만 명 증가했고, 초고속 인터넷 가입자도 순증으로 전환되었습니다.

Speaker #2: The .

Speaker #3: Given the unprecedented deterioration in the financial performance, the company inevitably decided not to declare dividends for the third quarter. While the financial impact of the incident continues to weigh on the result.

Jun Hee: Given the unprecedented deterioration in the financial performance, the company inevitably decided not to declare dividends for the third quarter. While the financial impact of the incident continues to weigh on the result, we are fully committed to restoring stability and resuming dividend payments going forward.

Operator 2: The fixed and mobile business are showing gradual recovery from the cybersecurity incident. The number of 5G subscribers increased by approximately 240,000 Q and Q to 17.26 million and broadband and IPTV subscribers also recorded positive net additions.

Speaker #3: We are fully committed to restoring stability and resuming dividend payments going forward. Now, let me report on business updates.

Yang-Seob Kim: 다음으로 사업 계획 진행 상황에 대해 말씀드리겠습니다.

Jun Hee: Now, let me report on business updates.

Jung Heejun: 무선 사업 혁신의 일환으로 당사는 최근 자급제 전용 디지털 통신 서비스 air를 출시했습니다. 이공삼공 고객들의 니즈를 면밀히 분석하여 단순함과 실용성에 중점을 두고 설계된 서비스인 만큼 앞으로 무선 고객 저변을 보다 확대하는 데 기여할 것으로 기대하고 있습니다.

Yang-Seob Kim: 유무선 통신 사업은 사이버 침해 사고의 여파를 점차 회복해 나가고 있습니다. 5G 가입자는 1,726만 명으로 전분기 대비 약 24만 명 증가했고, 초고속 인터넷 가입자도 순증으로 전환되었습니다.

Speaker #2: Cyber, to 5G, Internet, the.

Speaker #3: The fixed and mobile business are showing gradual recovery from the cybersecurity incident. The number of 5G subscribers increased by approximately 240,000 to 17.26 million.

Jun Hee: The fixed and mobile business are showing gradual recovery from the cybersecurity incident. The number of 5G subscribers increased by approximately 240,000 from Q1 to Q2, reaching 17.26 million, and broadband and IPTV subscribers also recorded positive net additions.

Operator 2: As part of our mobile business innovation, the company recently launched air, a digital communication service exclusively for unlocked devices. Designed with an emphasis on simplicity and practicality based upon in-depth analysis of the needs of the customers in their twenties and thirties, this service is expected to play a key role in broadening our mobile customer base.

Speaker #3: And broadband and IPTV subscribers also recorded positive net additions.

Yang-Seob Kim: 무선 사업 혁신의 일환으로 당사는 최근 자급제 전용 디지털 통신 서비스 AERO를 출시했습니다. 2030 고객들의 니즈를 면밀히 분석하여 단순화와 실용성에 중점을 두고 설계된 서비스인 만큼, 앞으로 무선 고객 저변을 보다 확대하는 데 기여할 것으로 기대하고 있습니다.

Speaker #2: And digital services, digital service income, and the...

Jung Heejun: AI 사업은 분산되어 있던 AI 역량을 하나로 결집하고 있습니다. AIDC, 기업 대상 A. biz, B2C 대상 A. 서비스, 글로벌 AI 제휴 투자, AI R&D 등의 기능과 조직을 AI CIC로 재편하여 보다 유기적이고 효율적인 사업 구조를 갖춰 나갈 예정입니다.

Speaker #3: As part of our mobile business innovation, the company recently launched Air, a digital communication service exclusively for unlocked devices, designed with an emphasis on simplicity and practicality.

Jun Hee: As part of our mobile business innovation, the company recently launched AIR, a digital communication service exclusively for unlocked devices. Designed with an emphasis on simplicity and practicality based upon in-depth analysis of the needs of the customers in their 20s and 30s, this service is expected to play a key role in broadening our mobile customer base.

Operator 2: The AI business is bringing together previously distributed AI capabilities under one structure. Functions and organizations including AIDC, A. biz for enterprises, A. service for B2C, and global AI partnerships and investment and AI R&D are being reorganized into the AI CIC, establishing a more cohesive and efficient business structure.

Speaker #3: Based upon in-depth analysis of the needs of customers in their 20s and 30s, this service is expected to play a key role in broadening our mobile customer base.

Speaker #2: The is . IDC . P2 p2 Data service global AI , AI , R&D , AI . The .

Yang-Seob Kim: AI 사업은 분산되어 있던 AI 역량을 하나로 결집하고 있습니다. AI DC, 기업 대상 ADAS 비즈니스, B2C 대상 ADAS 서비스, 글로벌 AI 제휴 투자, AI R&D 등의 기능과 조직을 AI CIC로 재편하여 보다 유기적이고 효율적인 사업 구조를 갖춰 나갈 예정입니다.

Jung Heejun: 이번 분기 AI 사업 매출은 전년 동기 대비 35.7% 증가하며 중장기 목표 달성을 위한 성과 기반을 확장해 나가고 있습니다.

Operator 2: Revenue from the AI business achieved a 35.7% year-on-year increase in revenue, further expanding the foundation for achieving its mid to long term goals.

Speaker #3: AI business is bringing together previously distributed AI capabilities under one structure functions and organizations , including IDC , ABC for enterprises , Ada service for B2C and global AI partnerships and Investment , and AI R&D .

Jun Hee: The AI business is bringing together previously distributed AI capabilities under one structure. Functions and organizations including AI DC, ADAS Business for Enterprises, ADAS Service for B2C, Global AI Partnerships and Investment, and AI R&D are being reorganized into the AI CIC, establishing a more cohesive and efficient business structure.

Jung Heejun: AIDC 사업은 판교 데이터센터 인수 및 GPU 임차 지원 사업 수주에 힘입어 전년 동기 대비 53.8% 성장한 1,498억 원의 매출을 기록하였습니다.

Speaker #3: R is being reorganized into the AI CIC, establishing a more cohesive and efficient business structure.

Operator 2: Driven by the acquisition of the Pangyo Data Center and the award of the GPU leasing support program, AIDC revenue posted KRW 149.8 billion, up 53.8% year-on-year.

Yang-Seob Kim: 이번 분기 AI 사업 매출은 전년 동기 대비 35.7% 증가하며 중장기 목표 달성을 위한 성과 기반을 확장해 나가고 있습니다.

Speaker #2: AI . In the .

Speaker #3: Revenue from the AI business to a 35.7% year on year increase in revenue , further expanding the foundation for achieving its mid to long term goals .

Jung Heejun: 당사는 향후에도 데이터센터 사업을 규모감 있게 성장시켜 나가기 위한 노력을 지속하고 있습니다. 데이터센터 매출 성장의 원동력이 될 울산 AI 데이터센터는 지난 8월 말 기공식을 개최하며 건립에 박차를 가하고 있습니다. 또한 최근에는 OpenAI와 한국 서남권의 OpenAI 전용 AI 데이터센터를 공동 구축하는 내용의 양해각서를 체결하며 또 다른 기회를 준비하고 있습니다.

Jun Hee: Revenue from the AI business achieved a 35.7% year-on-year increase in revenue, further expanding the foundation for achieving its mid-to-long-term goals.

Speaker #2: AI data center is GPU. And the.

Yang-Seob Kim: AI DC 사업은 판교 데이터센터 인수 및 GPU 임차 지원 사업 수주에 힘입어 전년 동기 대비 53.8% 성장한 ₩1,498억의 매출을 기록하였습니다.

Speaker #3: Driven by the acquisition of the data center and the award of the GPU leasing support program, IDC revenue posted 149.8 billion won, up 53.8% year on year.

Jun Hee: Driven by the acquisition of the Pan-gil Data Center and the award of the GPU Leasing Support Program, AI DC revenue posted ₩149.8 billion, up 53.8% year-on-year.

Operator 2: The company continues to expand the scale and profitability of its data center operations. The Ulsan AI Data Center, poised to be a key driver of data center revenue growth, held its groundbreaking ceremony in late August and is now under full construction. The company recently signed a memorandum of understanding with OpenAI to jointly build an AI data center dedicated for OpenAI in Korea's southwest region, positioning itself to capture new opportunities in the rapidly evolving AI infrastructure market.

Yang-Seob Kim: 당사는 향후에도 데이터 센터 사업을 규모감 있게 성장시켜 나가기 위한 노력을 지속하고 있습니다. 데이터 센터 매출 성장의 원동력이 될 울산 AI 데이터 센터는 지난 8월 말 기공식을 개최하며 건립에 박차를 가하고 있습니다. 또한 최근에는 OpenAI와 한국 서남권의 OpenAI 전용 AI 데이터 센터를 공동 구축하는 내용의 양해각서를 체결하며 또 다른 기회를 준비하고 있습니다.

Speaker #2: Data center . The data center . And AI data center . Are open AI open AI , AI data center . The .

Jung Heejun: AI-X 사업은 전년 동기 대비 3.1% 성장한 557억 원의 매출을 기록했습니다. 6월 말 정식 론칭한 기업 대상 업무용 AI 에이전트 A. biz는 핵심 업무에 보다 집중할 수 있게 하는 AI 업무 툴이라는 초기 반응을 얻고 있습니다. 이번 분기 당사를 포함하여 십여 개 AI SK 멤버사의 서비스를 시작했고 연말까지 총 25개 멤버사에 확대 적용할 계획입니다.

Speaker #3: The company continues to expand the scale and profitability of its data center operations . The Olsen AI Data Center , poised to be a key driver of data center revenue growth , held its groundbreaking ceremony in late August , and it is now under full construction .

Jun Hee: The company continues to expand the scale and profitability of its data center operations. The Ulsan AI Data Center, poised to be a key driver of data center revenue growth, held its groundbreaking ceremony in late August and is now under full construction. In addition, the company recently signed a memorandum of understanding with OpenAI to jointly build an AI data center dedicated for OpenAI in Korea's Southwest region, positioning itself to capture new opportunities in the rapidly evolving AI infrastructure market.

Speaker #3: In addition, the company recently signed a memorandum of understanding with OpenAI to jointly build an AI data center dedicated to OpenAI in Korea's southwest region, positioning itself to capture new opportunities in the rapidly evolving AI infrastructure market.

Operator 2: AI-X revenue posted KRW 55.7 billion, up 3.1% year on year. Officially launched in late June, A. biz, an AI agent designed for enterprise use, has received a positive initial feedback as a workplace AI tool that helps employees focus more on their core tasks. In this quarter, the service was rolled out to about 10 SK Group affiliates, including the company, and is planned to be expanded to a total of 25 affiliates by the end of this year.

Yang-Seob Kim: AIX 사업은 전년 동기 대비 3.1% 성장한 557억 원의 매출을 기록했습니다. 6월 말 정식 론칭한 기업 대상 업무용 AI 에이전트 ADAS 비즈는 핵심 업무에 보다 집중할 수 있게 하는 AI 업무 툴이라는 초기 반응을 얻고 있습니다. 이번 분기 당사를 포함하여 10여 개 SK 멤버사의 서비스를 시작했고, 연말까지 총 25개 멤버사에 확대 적용할 계획입니다.

Speaker #2: The . AI agent . AI . Service . Is members in the .

Jung Heejun: A.은 이번 분기 업그레이드를 통해 A.X, GPT-5 등 최신 AI LLM을 도입하고 스팸, 피싱 의심 문자를 경고하는 AI 메시지 기능을 새롭게 선보였습니다. 또한 지난 9월 TMAP에 적용되면서 보다 많은 고객이 A.을 경험할 수 있게 되었습니다.

Speaker #3: Revenue posted 55.7 billion won, up 3.1% year on year. Officially launched in late June, the AI agent designed for enterprise use has received positive initial feedback.

Jun Hee: AIX revenue posted ₩55.7 billion, up 3.1% year-on-year. Officially launched in late June, ADAS Business, an AI agent designed for enterprise use, has received positive initial feedback as a workplace AI tool that helps employees focus more on their core tasks. In this quarter, the service was rolled out to about 10 SK Group affiliates, including the company, and is planned to be expanded to a total of 25 affiliates by the end of this year.

Speaker #3: As a workplace AI tool that helps employees focus more on their core tasks in this quarter, the service was rolled out to about ten SK Group affiliates, including the company, and is planned to be expanded to a total of 25 affiliates by the end of this year.

Operator 2: Through its latest upgrade this quarter, A. has integrated cutting-edge AI LLM, such as A.X 4.0 and GPT-5, while introducing a new AI message feature that alerts users to potential spams or phishing texts. In addition, with its recent integration into TMAP in September, A. is now accessible to a broader base of users, allowing more people to experience the service firsthand.

Speaker #2: An . Ada GPT five AI spam phishing AI , the .

Yang-Seob Kim: ADAS는 이번 분기 업그레이드를 통해 ADAS X 4.0, GPT-5 등 최신 AI LLM을 도입하고, 스팸 피싱 의심 문자를 경고하는 AI 메시지 기능을 새롭게 선보였습니다. 또한 지난 9월 팀 앱에 적용되면서 보다 많은 고객이 ADAS를 경험할 수 있게 되었습니다.

Jung Heejun: 이와 같이 오랜 기간 쌓아온 LLM 역량을 바탕으로 SK텔레콤 컨소시엄은 지난 8월 과학기술정보통신부가 주관하는 독자 AI Foundation model 프로젝트 정예팀으로 선정되었습니다. 프로젝트를 통해 당사 AI 경쟁력을 강화하고 새로운 사업 기회를 모색하며 Sovereign AI에 기여할 수 있도록 할 것입니다.

Speaker #3: Through its latest upgrade this quarter, SK Telecom has integrated cutting-edge AI such as AKS 4.0 and GPT-5, while introducing a new AI messaging feature that alerts users to potential spam or phishing texts.

Jun Hee: Through its latest upgrade this quarter, ADAS has integrated cutting-edge ALLMs such as AX 4.0 and GPT-5, while introducing a new AI message feature that alerts users to potential spam or phishing texts. In addition, with its recent integration into T-Map in September, ADAS is now accessible to a broader base of users, allowing more people to experience the service firsthand.

Operator 2: Building on its long-standing expertise in LLM, the SK Telecom Consortium was selected in August as a core team for the proprietary AI Foundation model project led by the Ministry of Science and ICT. Through the project, the company aims to further strengthen its AI competitiveness, pursue new business opportunities, and contribute to the development of Sovereign AI.

Speaker #3: In addition, with its recent integration into Tmap in September, Adot is now accessible to a broader base of users, allowing more people to experience the service firsthand.

Yang-Seob Kim: 이와 같이 오랜 기간 쌓아온 LLM 역량을 바탕으로 SK Telecom 컨소시엄은 지난 8월 과학기술정보통신부가 주관하는 독자 AI 파운데이션 모델 프로젝트의 주관팀으로 선정되었습니다. 프로젝트를 통해 당사 AI 경쟁력을 강화하고 새로운 사업 기회를 모색하며 주권 AI에 기여할 수 있도록 할 것입니다.

Speaker #2: SK Telecom consortiums Jin and the AI Foundation Model. The project AI. Sobering AI, the.

Jung Heejun: 지난 6개월간 SK텔레콤은 창사 이래 가장 힘든 시간을 보냈습니다. 사이버 침해 사고 수습을 위해 전사가 총력으로 대응했고, 보안이 강한 회사로 거듭나는 기회가 되었지만, 많은 고객들이 우리 회사를 떠났으며 재무적인 영향도 지속되고 있습니다.

Speaker #3: Building on its long standing expertise in LM , the SK Telecom consortium , was selected in August as a core team for the proprietary AI Foundation model project , led by the Ministry of Science and ICT .

Jun Hee: Building on its long-standing expertise in LLMs, the SK Telecom consortium was selected in August as a core team for the proprietary AI foundation model project led by the Ministry of Science and ICT. Through the project, the company aims to further strengthen its AI competitiveness, pursue new business opportunities, and contribute to the development of sovereign AI.

Operator 2: The past six months has been the most challenging period for SK Telecom since its founding. The entire organization has been fully mobilized to respond to the cybersecurity incident. While it served as an opportunity to emerge as a stronger and more secure company, it also led to the loss of many customers and continued financial impact.

Speaker #3: Through the project, the company aims to further strengthen its AI competitiveness, pursue new business opportunities, and contribute to the development of sovereign AI.

Yang-Seob Kim: 지난 6개월간 SK Telecom은 창사 이래 가장 힘든 시간을 보냈습니다. 사이버 침해 사고 수습을 위해 전사가 총력으로 대응했고, 보안이 강한 회사로 거듭나는 기회가 되었지만 많은 고객들이 우리 회사를 떠났으며 재무적인 영향도 지속되고 있습니다.

Jung Heejun: 위기를 넘어 회복 그리고 재도약의 길로 나아가기 위해 당사는 정보보호 혁신을 지속하겠다는 목표를 수립했습니다. 정보보호 투자, 차세대 기술 도입, 외부 검증 체계 강화 등을 중심으로 실행력을 높여 나갈 것입니다. 통신사업에서는 고객 신뢰 회복을 최우선으로 두고 본원적 경쟁력을 강화함으로써 대한민국 대표 통신사로서의 위상을 되찾기 위해 노력하는 한편, AI 사업은 본격적인 성과를 창출하겠습니다.

Speaker #2: SK Telecom and The Cyber.

Speaker #3: The past six months have been the most challenging period for SK Telecom since its founding. The entire organization has been fully mobilized to respond to the cybersecurity incident.

Jun Hee: The past six months have been the most challenging period for SK Telecom since its founding. The entire organization has been fully mobilized to respond to the cybersecurity incident. While it served as an opportunity to emerge as a stronger and more secure company, it also led to the loss of many customers and continued financial impact.

Speaker #3: While it served as an opportunity to emerge as a stronger and more secure company, it also led to the loss of many customers and continued financial impact.

Operator 2: To move beyond this crisis toward recovery and renewed growth, the company has set a clear goal of driving continuous innovation in information security. We will strengthen execution across key areas such as increased security investment, adoption of next-generation technologies, and enhancement of external verification systems. In the telecom business, we will place customer trust restoration at the highest priority and focus on reinforcing our core competitiveness to reclaim our position as Korea's leading telecom company. At the same time, in the AI business, we will focus on delivering tangible results.

Yang-Seob Kim: 위기를 넘어 회복 그리고 재도약의 길로 나아가기 위해 당사는 정보 보호 혁신을 지속하겠다는 목표를 수립했습니다. 정보 보호 투자, 차세대 기술 도입, 외부 검증 체계 강화 등을 중심으로 실행력을 높여 나갈 것입니다. 통신 사업에서는 고객 신뢰 회복을 최우선으로 두고 본원적 경쟁력을 강화함으로써 대한민국 대표 통신사로서의 위상을 되찾기 위해 노력하는 한편, AI 사업은 본격적인 성과를 창출하겠습니다.

Speaker #2: The . AI .

Speaker #3: To move beyond this crisis toward recovery and renewed growth, the company has set a clear goal of driving continuous innovation in information security.

Jun Hee: To move beyond this crisis toward a recovery and renewed growth, the company has set a clear goal of driving continuous innovation in information security. We will strengthen execution across key areas such as increased security investment, adoption of next-generation technologies, and enhancement of external verification systems. In the telecom business, we will place customer trust restoration at the highest priority and focus on reinforcing our core competitiveness to reclaim our position as Korea's leading telecom company. At the same time, in the AI business, we will focus on delivering tangible results.

Jung Heejun: SK텔레콤은 이번 위기를 재도약의 기회로 삼아 더 단단한 회사로 나아가고자 합니다. 저희의 새로운 출발에 투자자와 애널리스트 여러분의 따뜻한 격려와 지지를 부탁드립니다. 감사합니다.

Speaker #3: We will strengthen execution across key areas such as increased security, investment, adoption of next-generation technologies, and enhancement of the external verification system in the telecom business.

Operator 2: SK Telecom is determined to turn this crisis into an opportunity for renewed growth and to emerge as a stronger, more resilient company. We sincerely ask for the warm encouragement and continued support of our investors and analysts as we embark on this new beginning. Thank you.

Speaker #3: We will place customer trust restoration at the highest priority and focus on reinforcing our core competitiveness to reclaim our position as Korea's leading telecom company.

Speaker #3: At the same time, the AI business will focus on delivering tangible results.

Jung Heejun: 네, 그럼 지금부터 Q&A 세션을 시작하도록 하겠습니다.

Operator 2: Now we will begin the Q&A.

Speaker #2: SK Telecom. And the analyst. The.

Yang-Seob Kim: SK Telecom은 이번 위기를 재도약의 기회로 삼아 더 단단한 회사로 나아가고자 합니다. 저희의 새로운 출발에 투자자와 애널리스트 여러분의 따뜻한 격려와 지지를 부탁드립니다. 감사합니다.

Operator 3: 지금부터 질의응답을 시작하겠습니다. 질문을 하실 분은 전화기 버튼의 별표와 1번을 누르시기 바랍니다. 질문을 취소하시려면 별표와 2번을 누르시면 됩니다. Now Q&A session will begin. Please press star one, that is star and one if you have any questions. Questions will be taken according to the order you have pressed the number star one. For cancellation, please press star two, that is star and two on your phone. 처음으로 질문해 주실 분은 NH Investment & Securities의 안재민 님입니다. The first question will be provided by Jaemin An from NH Investment & Securities. Please go ahead with your question.

Speaker #3: SK Telecom is determined to turn this crisis into an opportunity for renewed growth and to emerge as a stronger, more resilient company.

Jun Hee: SK Telecom is determined to turn this crisis into an opportunity for renewed growth and to emerge as a stronger, more resilient company. We sincerely ask for the warm encouragement and continued support of our investors and analysts as we embark on this new beginning. Thank you.

Speaker #3: We sincerely ask for the warm encouragement and continued support of our investors and analysts as we embark on this new beginning. Thank you.

Yang-Seob Kim: 네, 그럼 지금부터 Q&A 세션을 시작하도록 하겠습니다.

Speaker #2: Q&A session .

Speaker #3: Now we'll begin the Q&A.

Jun Hee: Now we will begin the Q&A.

Operator: 지금부터 질의응답을 시작하겠습니다. 질문을 하실 분은 전화기 버튼의 *1번을 누르시기 바랍니다. 질문을 취소하시려면 *2번을 누르시면 됩니다.

Speaker #1: The . The . An the now Q&A session will begin. Please press star one, that is star and one, if you have any questions.

Jaemin An: 안녕하세요. 질문 기회 주셔서 감사합니다. NH투자증권의 안재민입니다. 먼저 배당 관련해서 질문 좀 드리고 싶은데요. 아까 모두발언에서 3분기 배당을 지급하지 않기로 하셨다고, 네, 결정하셨다고 하셨는데 좀 아쉬운 상황이긴 한데요. 4분기 배당에 대해서 조금 언급을 해주시면 감사하겠고, 뭐, 26년 배당을 이야기하기에는 좀 이르지만 2026년 배당이 다시 2024년 수준으로 돌아갈 수 있을지에 대한 전망도 좀 부탁드리겠습니다. 두 번째 질문은 3분기 실적 관련해서인데요. 3분기는 아무래도 예상되었던 실적 부진인데 4분기는 저희가 좀 전망을 어떻게 해야 되는지 궁금하고요. 뭐, 50GB 무료 제공도 아직 좀 연말까지 남아있고, 거기에 따른 요금제 다운셀링이라든지 T 멤버십 쿠폰 제공에 따라서 영향이 얼마나 되는지도 궁금합니다.

[Company Representative]: Now Q&A session will begin. Please press *1, that is *1, if you have any questions. Questions will be taken according to the order you have pressed the number *1. For cancellation, please press *2, that is *2 on your phone.

Speaker #1: Questions will be taken according to the order you have pressed. To cancel, please press star one. To continue, please press star two. That is star and two on your phone.

Operator: 처음으로 질문해 주실 분은 NH투자증권의 안재민 님입니다.

Speaker #1: Now the first question will be provided by Jamie Nan from NH Investment and Securities. Please go ahead with your question.

[Company Representative]: The first question will be provided by Jamin Ahn from NH Investment & Securities. Please go ahead with your question.

Speaker #4: Yeah , I . Can . Jun Hee . The . Second . Team member . The .

Jamin Ahn: 안녕하세요, 질문 기회 주셔서 감사합니다. NH투자증권의 안재민입니다. 먼저 배당 관련해서 질문 드리고 싶은데요, 모두발언에서 3분기 배당을 지급하지 않기로 결정하셨다고 하셨는데 아쉬운 상황이긴 한데요, 4분기 배당에 대해서 언급을 해주시면 감사하겠고, 2026년 이야기하기가 이르지만 2026년 배당이 다시 2024년 수준으로 돌아갈 수 있을지에 대한 전망도 부탁드리겠습니다. 두 번째 질문은 3분기 실적 관련해서인데요, 3분기는 예상되었던 실적 부진인데 4분기는 저희가 전망을 어떻게 해야 되는지 궁금하고요, 50GB 무료 제공도 연말까지 남아있고 거기에 따른 요금제 다운셀링이라던지, T-멤버십 쿠폰 제공에 따라서 영향이 얼마나 되는지도 궁금합니다.

Operator 2: This is An Jaemin from NH Securities. I have two questions. First question is about dividend. During the presentation, you have said that you will not declare the dividend for Q3, which is regrettable. I'd like to hear about your forecast on the Q4 dividend. It might be a bit too early to discuss about the 2026 dividend policy. Can you give us a heads up as to the dividend of the 2026 will return to the level of 2024? The second question is about the performance. The Q3's poor performance is something to be expected. I'd like to ask you about the Q4 outlook, because the free offering of the 50 GB data and the discount is still ongoing, so there could be the potential for the tariffs down selling.

Speaker #3: This is Andre from securities . I have two questions . First question is about dividend . During the presentation , you have said that you will not declare the dividend for the third quarter , which is a regrettable .

Jun Hee: This is Anjee Min from NH Securities. I have two questions. First question is about dividend. During the presentation, you have said that you will not declare the dividend for the third quarter, which is regrettable. I'd like to hear about your focus on the fourth quarter dividend. It might be a bit too early to discuss about the 2026 dividend policy. Can you give us a heads up as to the dividend of the 2026 will return to the level of '24? The second question is about the performance. The third quarter's poor performance is something to be expected. I'd like to ask you about the fourth quarter outlook. Because the free offering of the 50GB data and the discount is still ongoing, so there could be the potential for the tariffs downselling. I'd like to hear about your Q4 performance outlook.

Operator 2: I'd like to hear about your Q4 performance outlook.

Speaker #3: And I'd like to hear about your forecast on the fourth quarter dividend. It might be a bit too early to discuss the 2026 dividend policy.

Jung Heejun: 네, 질문 감사합니다. 두 번째 질문인 사이버 침해 사고가 3분기 실적에 미친 영향, 향후 실적 전망에 대해서 먼저 답변을 드리겠습니다.

Speaker #3: Can you give us a heads-up as to the dividend of 2026? Will it return to the level of 20? For the second question, it is about the performance.

Operator 2: Thank you for this question. I'd like to respond to your second question first, the impact of the incident on the Q3 performance.

Speaker #3: The third quarter poor performance is something to be expected, and I'd like to ask you about the fourth quarter outlook. Because of the free offering of the 50 gigabyte data and the discount still ongoing.

Jung Heejun: 3분기 사이버 침해 사고와 관련된 3분기 실적 영향은 대부분 매출단에서 발생을 했습니다. 이번 분기 이동통신 매출이 전분기 대비 약 5,000억 감소했는데, 사실상 거의 대부분이 침해 사고와 관련된 영향이라고 볼 수 있습니다.

Speaker #3: There could be the potential for the tariffs to down-sell. So, I'd like to hear about your forecast performance outlook.

Yang-Seob Kim: 네, 질문 감사합니다. 두 가지 질문을 주셨는데, 두 번째 질문인 사이버 침해 사고가 3분기 실적에 미친 영향, 향후 실적 전망에 대해서 먼저 답변을 드리겠습니다.

Speaker #2: In cyber .

Operator 2: The financial impact from the cybersecurity incidents in Q3 was mostly reflected on the revenue side. Mobile revenue declined about KRW 500 billion Q and Q, nearly all attributable to the incident.

Speaker #3: Thank you for this question. I'd like to respond to your second question. First, the impact of the incident on the third quarter performance.

Jun Hee: Thank you for this question. I'd like to respond to your second question first, the impact of the incidents on the third quarter performance.

Jung Heejun: 고객 감사 패키지의 일환으로 시행된 전 고객 대상 8월 통신요금 50% 할인, 할인이 가장 크게 영향을 주었고요. 멤버십 혜택 강화도 이동통신 매출 감소의 원인이 되었습니다.

Speaker #2: Cyber. In the. In the.

Yang-Seob Kim: 사이버 침해 사고와 관련된 3분기 실적 영향은 대부분 매출 단에서 발생했습니다. 이번 분기 이동통신 매출이 전분기 대비 약 ₩500,000,000,000 감소했는데, 사실상 거의 대부분이 침해 사고와 관련된 영향이라고 볼 수 있습니다.

Operator 2: The largest factor was the 50% discount on August tariffs offered to all customers as part of the customer appreciation package. While enhanced membership benefits also contributed to the revenue decline.

Speaker #3: The financial impact from cybersecurity incidents in Q3 was mostly reflected on the revenue side. Mobile revenue declined by about 500 billion won, nearly all attributable to the incident.

Jun Hee: The financial impact from the cybersecurity incidents in Q3 was mostly reflected on the revenue side. Mobile revenue declined about ₩500 billion Q-over-Q, nearly all attributable to the incident.

Jung Heejun: 비용단에서는 개인정보보호위원회에서 부과받은 과징금 1,348억 원이 3분기 영업외비용으로 반영되어 있습니다.

Operator 2: On the cost side, KRW 134.8 billion of fine imposed by the Personal Information Protection Commission was recognized as a non-operating expense in Q3.

Speaker #2: Here comes a membership.

Yang-Seob Kim: 고객 감사 패키지의 일환으로 시행된 전 고객 대상 8월 통신 요금 50% 할인이 가장 크게 영향을 주었고요, 멤버십 혜택 강화도 이동통신 매출 감소의 원인이 되었습니다.

Jung Heejun: 멤버십 혜택과 추가 데이터 제공 등의 고객 감사 패키지가 연말까지 지속되는 만큼 4분기에도 일정 부분 이동통신 매출 감소를 예상해야 하겠지만, 3분기 대비해서는 그 정도는 확연히 줄어들 것으로 생각하고 있습니다.

Speaker #3: The largest factor was the 50% discount on August tariffs offered to all customers as part of the customer appreciation package, while enhanced membership benefits also contributed to the revenue decline.

Jun Hee: The largest factor was the 50% discount on August tariffs offered to all customers as part of the Customer Appreciation Package, while enhanced membership benefits also contributed to the revenue decline.

Yang-Seob Kim: 비용 단에서는 개인정보위원회에서 부과받은 과징금 1,348억 원이 3분기 영업외 비용으로 반영되어 있습니다.

Operator 2: As the customer appreciation package, such as additional data and the membership benefits, will continue through the year-end. Some decline in mobile revenue is expected to persist in Q4, but the impact should be significantly smaller than in Q3.

Speaker #2: Some . The .

Speaker #3: On the cost side, 134.8 billion won in fines imposed by the Personal Information Protection Commission was recognized as a non-operating expense in Q3.

Jun Hee: On the cost side, ₩134.8 billion of fine imposed by the Personal Information Protection Commission was recognized as a non-operating expense in Q3.

Jung Heejun: 다만 4분기는 통상 여러 가지 비용 집행이 집중되는 시기라서 영업이익 측면에서는 다소 보수적인 접근이 필요하다는 것을 말씀드리고 싶습니다.

Yang-Seob Kim: 멤버십 혜택과 추가 데이터 제공 등의 고객 감사 패키지가 연말까지 지속되는 만큼 4분기에도 일정 부분 이동통신 매출 감소를 예상해야 하겠지만, 3분기 대비해서는 그 정도는 확연히 줄어들 것으로 생각하고 있습니다.

Speaker #2: The income of Hee Chung is an.

Operator 2: That said, Q4 typically involves concentrated spending activities, so a cautious approach is warranted regarding operating profits.

Speaker #3: At the customer appreciation package, such as additional data and the membership benefits, will continue through the year-end. So, some decline in mobile revenue is expected to persist in Q4.

Jun Hee: As the Customer Appreciation Package, such as additional data and the membership benefits, will continue through the year-end, some decline in mobile revenue is expected to persist in Q4, but the impact should be significantly smaller than in Q3.

Jung Heejun: 이천이십육 년은 아직 경영계획 확정 전이라서 구체적인 전망치를 말씀드리기는 어렵겠지만, 고객 신뢰 회복을 기반으로 이동통신 매출 성장을 지속적으로 추진해 가는 한편, 비용 집행을 최대한 효율화해서 사고 이전 수준의 영업이익을 달성할 수 있도록 최선을 다할 것입니다.

Speaker #3: But the impact should be significantly smaller than in Q3.

Speaker #2: Aman. In so. In. The.

Yang-Seob Kim: 다만 4분기는 통상 여러 가지 비용 집행이 집중되는 시기라서 영업이익 측면에서는 다소 보수적인 접근이 필요하다는 것을 말씀드리고 싶습니다.

Operator 2: While it is too early to provide detailed guidance for fiscal year 2026 before finalizing management plans, the company aims to drive a steady recovery in mobile revenue through restored customer trust while maximizing cost efficiency to return to pre-incident operating profit levels.

Speaker #3: That sad Q4 typically involves concentrated spending activities. So, a cautious approach is warranted regarding operating profit.

Jun Hee: That said, Q4 typically involves concentrated spending activities, so a cautious approach is warranted regarding operating profit.

Yang-Seob Kim: 2026년은 아직 경영계획 확정 전이라서 구체적인 전망치를 말씀드리기는 어렵겠지만, 고객 신뢰 회복을 기반으로 이동통신 매출 성장을 지속적으로 추진해 가는 한편, 비용 집행을 최대한 효율화해서 사고 이전 수준의 영업이익을 달성할 수 있도록 최선을 다할 것입니다.

Jung Heejun: AIDC 등 양호한 성장세를 보이고 있는 당사의 AI 사업도 실적의 턴어라운드에 기여할 것으로 기대하고 있고, 2026년 실적에 대해서는 경영계획 확정 후에 다시 말씀드릴 예정입니다. 이상입니다.

Speaker #2: Hampton. And so, the.

Operator 2: The company's AI business, including AIDC, continues to show solid growth momentum, which is expected to contribute to a turnaround in overall performance. Further details on FY 2026 guidance will be provided once management plans are finalized. Thank you.

Speaker #3: While it is too early to provide detailed guidance for fiscal year 2026 before finalizing management plans, the company aims to drive a steady recovery in mobile revenue through restored customer trust, while maximizing cost efficiency to return to pre-incident operating profit levels.

Jun Hee: While it is too early to provide detailed guidance for fiscal year '26 before finalizing management plans, the company aims to drive a steady recovery in mobile revenue through restored customer trust while maximizing cost efficiency to return to pre-incident operating profit levels.

Jung Heejun: 다음으로 금년 연간 및 내년 배당 전망에 대해서 말씀을 드리겠습니다.

Speaker #2: AI digital. In AI. The.

Yang-Seob Kim: AI DC 등 양호한 성장세를 보이고 있는 당사의 AI 사업도 실적의 턴어라운드에 기여할 것으로 기대하고 있고, 2026년 실적에 대해서는 경영계획 확정 후에 다시 말씀드릴 예정입니다. 이상입니다.

Operator 2: Let me respond to the question about dividend for the whole year, FY 2025 and FY 2026.

Jung Heejun: 앞서 말씀드린 바와 같이 당사는 이사회 논의를 거쳐서 3분기 배당을 실시하지 않기로 했습니다. 사이버 침해 사고로 인한 실적 영향과 현금 흐름, 재무 건전성 등을 종합적으로 고려한 불가피한 결정이었음을 양해해 주시기 바랍니다.

Speaker #3: The company's AI business, including Aidc, continues to show solid growth momentum, which is expected to contribute to a turnaround in overall performance.

Jun Hee: The company's AI business, including AI DC, continues to show solid growth momentum, which is expected to contribute to a turnaround in overall performance. Further details on FY 26 guidance will be provided once management plans are finalized. Thank you.

Speaker #3: Further details on FY 26 guidance will be provided once management plans are finalized. Thank you. So let me respond to the question about dividends for the whole year.

Operator 2: As mentioned earlier, following a resolution by the board, the company has decided not to declare a dividend for Q3. This was an unavoidable decision taken into account the financial impact of the cybersecurity incident, cash flow condition, and overall financial stability. We ask for your kind understanding.

Yang-Seob Kim: 다음으로 금년 연간 및 내년 배당 전망에 대해서 말씀드리겠습니다.

Jun Hee: Let me respond to the question about dividends for the whole year, FY25 and FY26.

Speaker #3: FY 25 and FY 26.

Yang-Seob Kim: 앞서 말씀드린 바와 같이 당사는 이사회 논의를 거쳐서 3분기 배당을 실시하지 않기로 했습니다. 사이버 침해 사고로 인한 실적 영향과 현금 흐름, 재무 건전성 등을 종합적으로 고려한 불가피한 결정이었음을 양해해 주시기 바랍니다.

Speaker #2: C. The cyber. To the.

Jung Heejun: 사 분기 배당에 대해서는 이 자리에서 확정적으로 말씀드리기 어렵다는 점을 이해해 주시기 바라면서, 연간 실적과 현금 흐름이 최종 집계되는 시점에 성장 투자 여력과 재무구조 등 전체적인 capital allocation balance를 감안해서 이사회에서 논의를 거쳐 결정할 예정입니다.

Speaker #3: As mentioned earlier, following a resolution by the board, the company has decided not to declare a dividend for the third quarter.

Jun Hee: As mentioned earlier, following a resolution by the board, the company has decided not to declare a dividend for the third quarter. This was an unavoidable decision, taking into account the financial impact of the cybersecurity incident, cash flow condition, and overall financial stability. We ask for your kind understanding.

Operator 2: As for the Q4 dividend, it is difficult to make any definitive statement at this time, but the board will review the matter once the full year performance and cash flow are finalized, taking into consideration the company's growth, investment capacity, financial structure, and overall capital allocation balance.

Speaker #3: This was an unavoidable decision taking into account the financial impact of the cybersecurity incident, cash flow condition, and overall financial stability. We ask for your kind understanding.

Yang-Seob Kim: 4분기 배당에 대해서는 이 자리에서 확정적으로 말씀드리기 어렵다는 점을 이해해 주시기 바라면서, 연간 실적과 현금 흐름이 최종 집계되는 시점에 성장 투자 여력과 재무 구조 등 전체적인 캐피털 얼로케이션 밸런스를 감안해서 이사회에서 논의를 거쳐 결정할 예정입니다.

Jung Heejun: 다만 사이버 침해 사고의 영향은 2025년 실적의 대부분

Speaker #2: I . Again . Allocation balance . So . The .

Kim Yang-seob: 2026년에는 실적이 정상화될 것으로 예상하고 있습니다. 또한 내년부터는 AIDC 등 AI 사업도 본격적인 성과를 창출할 것으로 기대하고 있어서 그동안 꾸준히 진행해 온 OI, 즉 Operation Improvement의 결과도 실적에 반영될 예정입니다. 당사는 2026년 개선된 실적과 얼라인해서 배당도 예년 수준을 회복할 수 있도록 최선을 다하겠습니다. 이상입니다.

Speaker #3: As for the Q4 dividend , it is difficult to make any definitive statement at this time , but the board will review the matter once the full year performance and cash flow are finalized , taking into consideration the company's growth , investment capacity , financial structure and overall capital allocation balance .

Jun Hee: As for the Q4 dividend, it is difficult to make any definitive statement at this time, but the board will review the matter once the full-year performance and cash flow are finalized, taking into consideration the company's growth, investment capacity, financial structure, and overall capital allocation balance.

Operator 2: The impact of the cybersecurity incidents will be mostly reflected in 2025. The operations are expected to normalize from 2026. All the operational improvement measures will be fully implemented. We will make every effort to restore the dividend to the pre-incident level in line with improved performance.

Yang-Seob Kim: 다만 사이버 침해 사고의 영향은 2025년 실적에 대부분 반영되고, 2026년에는 실적이 정상화될 것으로 예상하고 있습니다. 또한 내년부터는 AI DC 등 AI 사업도 본격적인 성과를 창출할 것으로 기대하고 있어서, 그동안 꾸준히 진행해 온 OI, 즉 Operation Improvement의 결과도 실적에 반영될 예정입니다. 당사는 2026년 개선된 실적과 align해서 배당도 예년 수준을 회복할 수 있도록 최선을 다하겠습니다. 이상입니다.

Speaker #2: The AI , AI . Will also . One way to operation implement . The . Online .

Jung Heejun: 네, 다음 질문 받겠습니다.

Operator 1: 다음으로 질문해 주실 분은 씨티증권의 임희진 님입니다.

Operator 2: The following question will be presented by Heejin Lim from Citi Securities. Please go ahead with your question.

Heejin Lim: 안녕하세요. 씨티증권 임희진입니다. 저는 두 가지 정도 질문을 드리고 싶습니다. 첫 번째는 사이버 침해 사고 이후에 첫 분기인데 3분기에 저희가 이탈 고객을 얼마나 회복하셨는지 궁금하고, 향후 윈백 마케팅을 어떻게 계획하고 계시는지 궁금합니다. 두 번째는 방금 air 말씀 주셨는데 무선 브랜드 air의 가격대가 좀 가벼워진 서비스인 것 같은데 윈백 계획의 일환이신지 궁금하고, 앞으로의 무선 탑라인이랑 ARPU에 어떤 영향을 미칠 수 있을지 여쭤봅니다. 감사합니다.

Speaker #3: As the impact of the Civil Security incidents will be mostly reflected in 2025, the operations are expected to normalize from 2026, and all the operational improvement measures will be fully implemented.

Jun Hee: As the impact of the cybersecurity incidents will be mostly reflected in 2025, the operations are expected to normalize from 2026, and all the operational improvement measures will be fully implemented. We will make every effort to restore the dividend to the pre-incident level in line with improved performance.

Speaker #3: And we will make every effort to restore the dividend to the pre-incident level in line with improved performance.

Yang-Seob Kim: 다음 질문 받겠습니다.

Speaker #2: The .

Operator: 다음으로 질문해 주실 분은 시티증권의 이희진 님입니다. The following question will be presented by Hee Jin Lee from Citi Securities. Please go ahead with your question.

Speaker #1: The following question will be presented by Hee Chung from City Securities. Please go ahead with your question.

Operator 2: Next question is provided by Heejin Lim of Citi Securities. I have two questions. First is that this is the first earnings call after the incident and implementation of the rectification measures. The question is that how much of the customers that you have lost in the previous quarter you have regained in this quarter, and what are your plans to win back this customer? I'd like to learn about your marketing plans. The second question is about the air that was mentioned during the earlier presentation. It seems that the air is a smart service that is offered at the affordable pricing range. I'd like to understand it is implication on the touchline and ARPU.

Speaker #5: Are there ? Marketing . Of the the .

Hee Jin Lee: 네, 안녕하세요, 시티증권 이희진입니다. 저는 두 가지 정도 질문을 드리고 싶습니다. 첫 번째는 사이버 침해 사고 이후에 첫 분기인데, 3분기에 저희가 이탈 고객을 얼마나 회복하셨는지 궁금하고, 향후 Win-back 마케팅을 어떻게 계획하고 계시는지 궁금합니다. 두 번째는, 저희 방금 AIR 말씀 주셨는데, 무선 브랜드 AIR의 가격대가 좀 가벼워진 서비스인 것 같은데, Win-back 계획의 일환이신지 궁금하고, 앞으로의 무선 탑라인이랑 RPO에 어떤 영향을 미칠 수 있을지 여쭤봅니다. 감사합니다.

Speaker #3: Next question is provided by Imaging of City. I have two questions. First, is that this is the first earnings call after the incident.

Jun Hee: Next question is provided by Imhoejin of City. I have two questions. First is that this is the first earnings call after the incident and implementation of the rectification measures. The question is how much of the customers that you have lost in the previous quarter you have regained in this quarter? What are your plans to win back this customer? I'd like to learn about your marketing plan. The second question is about the AIR that was mentioned during the earlier presentation. It seems that the AIR is a smart service that is offered at an affordable pricing range. I'd like to understand its implication on the top line and RPO.

Jung Heejun: 네, 질문 감사합니다. 두 가지 질문에 대해서는 마케팅 전략본부에서 답변드리도록 하겠습니다.

Speaker #3: And implementation of the rectification measures . So the question is that how much of the customers that you have lost in the previous quarter , you have regained in this quarter ?

Operator 2: Thank you for this question. This question will be answered by the marketing strategy team.

Speaker #3: And what are your plans to win back this customer? I'd like to learn about your marketing plans. The second question is about the air that was mentioned during the early presentation.

Kim Yang-seob: 지난 7월 14일까지 위약금 면제 기간이 종료된 이후에 당사는 고객 신뢰 회복을 통해 시장 분위기를 전환시키기 위해 노력하였고, 그 결과 8월, 9월에는 성공적으로 기존 고객에 대한 방어와 동시에 가입자 순증 기조로의 전환을 이루어냈습니다.

Speaker #3: So, it seems that the air is a smart service that is offered at an affordable pricing range. So, I'd like to understand its implication on the top line.

Speaker #3: And are approved .

Yang-Seob Kim: 질문 감사합니다. 두 가지 질문에 대해서는 마케팅 전략본부에서 답변드리도록 하겠습니다.

Operator 2: After the contract cancellation fee waiver period ended on 14 July, the company focused on rebuilding customer trust to reverse the market trend. Through these efforts, the customer churn was successfully contained in August and September, resulting in a net neutral balance between additions and losses.

Speaker #2: Marketing .

Speaker #3: Thank you for this question. This question will be answered by the Marketing Strategy team.

Jun Hee: Thank you for this question, and this question will be answered by the Marketing Strategy team.

Speaker #2: Yeah. You. The.

Yang-Seob Kim: 첫 번째 질문 관련 답변 드리겠습니다. 지난 7월 14일까지의 위약금 면제 기간이 종료된 이후에 당사는 고객 신뢰 회복을 통해 시장 분위기를 전환시키기 위해 노력하였고, 그 결과 8월, 9월에는 성공적으로 기존 고객에 대한 방어와 동시에 가입자 선정 기조로의 전환을 이루어냈습니다.

Kim Yang-seob: 향후 시장 운영은 시장 과열을 유발할 수 있는 이탈 고객 수 중심의 회복 노력보다는 당사의 본질적 경쟁력 강화를 통해 질적 측면에서의 고객 및 매출 회복에 집중할 계획입니다.

Operator 2: Going forward, rather than focusing on numerical recovery of the customer churn, which could overheat the market, the company plans to pursue qualitative recovery centered on strengthening fundamental competitiveness and improving customer and revenue quality.

Speaker #3: After the contract cancellation fee waiver period ended on July 14, the company focused on rebuilding customer trust to reverse the market trend.

Jun Hee: After the contract cancellation fee waiver period ended on July 14, the company focused on rebuilding customer trust to reverse the market trend. Through these efforts, the customer churn was successfully contained in August and September, resulting in a net neutral balance between additions and losses.

Speaker #3: Through these efforts, customer churn was successfully contained in August and September, resulting in a net neutral balance between additions and losses.

Kim Yang-seob: 당사는 정밀한 고객 분석을 통해 유통 채널별로 특화된 고객 니즈와 요구에 부합하는 최적의 상품, 가입 방식, 요금제 및 부가 서비스를 제공하고 있으며, 특히 이번에 출시된 air는 보다 다양한 고객 니즈를 충족시키기 위해 출시한 서비스입니다.

Yang-Seob Kim: 향후 시장 운영은 시장 과열을 유발할 수 있는 이탈 고객 수 중심의 회복 노력보다는 당사의 본질적 경쟁력 강화를 통해 질적 측면에서의 고객 및 매출 회복에 집중할 계획입니다.

Speaker #2: In . The .

Operator 2: Through granular customer analytics, we provide optimized products, subscription methods, rate plans, and value-add services tailored to customer needs across different distribution channels. The recently launched air service is a prime example designed to meet diverse customer demands.

Speaker #3: Going forward, rather than focusing on the numerical recovery of customers and churn, which could overheat the market, the company plans to pursue qualitative recovery centered on strengthening fundamental competitiveness and improving customer and revenue quality.

Jun Hee: Going forward, rather than focusing on numerical recovery of the customer churn, which could overheat the market, the company plans to pursue qualitative recovery centered on strengthening fundamental competitiveness and improving customer and revenue quality.

Kim Yang-seob: 앞으로도 당사는 고객 세그먼트별로 최적화된 상품과 서비스를 제공하여 고객 만족도를 높이고 지속적으로 시장에서 경쟁력을 강화해 나가겠습니다.

Yang-Seob Kim: 당사는 정밀한 고객 분석을 통해 유통 채널별로 특화된 고객 니즈와 요구에 부합하는 최적의 상품, 가입 방식, 요금제 및 부가 서비스를 제공하고 있으며, 특히 이번에 출시된 AIR는 보다 다양한 고객 니즈를 충족시키기 위해 출시한 서비스입니다.

Operator 2: The company will continue to enhance customer satisfaction by offering segment-optimized products and services while strengthening its overall competitiveness in the market.

Speaker #2: On Q3 2025, in order to service the.

Speaker #3: Granular customer analytics. We provide optimized products, subscription method rate plans, and value-added services tailored to customer needs across different distribution channels.

Jun Hee: Through granular customer analytics, we provide optimized products, subscription methods, rate plans, and value-add services tailored to customer needs across different distribution channels. The recently launched AIR service is a prime example, designed to meet diverse customer demands.

Kim Yang-seob: 두 번째 air 출시 관련한 질문에 답변드리겠습니다. 당사는 지난 10월 13일 자급제 전용 디지털 통신 서비스인 air를 정식적으로 출시했습니다.

Speaker #3: The recently launched air service, ASA Prime, is designed to meet diverse customer demands.

Operator 2: Let me respond to your second question about air. On 13 October, the company officially launched air, a digital communication service exclusively for unlocked devices.

Yang-Seob Kim: 앞으로도 당사는 고객 세그먼트별로 최적화된 상품과 서비스를 제공하여 고객 만족도를 높이고, 지속적으로 시장에서 경쟁력을 강화해 나가겠습니다.

Kim Yang-seob: air는 통신 이용 패턴이 2030을 중심으로 SIM only 및 디지털로 이동하고 있는 추세에 대응하기 위해 당사가 새롭게 시도하는 서비스로 고객이 오프라인 매장에 방문이 없이 모든 절차를 앱에서 처리할 수 있게 하였습니다.

Speaker #2: In the .

Speaker #3: The company will continue to enhance customer satisfaction by offering segment-optimized products and services while strengthening its overall competitiveness in the market.

Jun Hee: The company will continue to enhance customer satisfaction by offering segment-optimized products and services while strengthening its overall competitiveness in the market.

Operator 2: air represents SK Telecom's new initiative to respond to the shift in mobile usage patterns among customers in their twenties and thirties towards a SIM-only and fully digital experiences. It allows customers to complete all service procedures directly through the app without visiting offline stores.

Yang-Seob Kim: 두 번째 AIR 출시 관련 질문에 답변드리겠습니다. 당사는 지난 10월 13일 자급제 전용 디지털 통신 서비스인 AIR을 정식으로 출시했습니다.

Speaker #2: The Digital service in the.

Speaker #3: Let me respond to your second question about Air. On October 13th, the company officially launched Air, a digital communication service exclusively for unlocked devices.

Jun Hee: Let me respond to your second question about AIR. On October 13, the company officially launched AIR, a digital communication services exclusively for unlocked devices.

Kim Ji-hoon: 또한 air는 고객이 많이 이용하는 데이터 구간을 중심으로 여섯 종의 심플한 요금제를 제시하고 T world, T membership, 유무선 결합이나 가족 결합 등을 지원하지 않는 대신 꼭 필요한 핵심 기능만을 담아 보다 저렴한 가격대로 제공하고 있습니다.

Yang-Seob Kim: AIR는 통신 이용 패턴이 2030을 중심으로 모바일 및 디지털로 이동하고 있는 추세에 대응하기 위해 당사가 새롭게 시도하는 서비스로, 고객이 오프라인 매장에 방문 없이 모든 절차를 앱에서 처리할 수 있게 하였습니다.

Speaker #2: With digital service offerings, the.

Operator 2: The service offers six simple rate plans focused on the most commonly used data tiers. While it does not support T world, T membership, fixed mobile bundles, or family discounts, it provides only the essential features at more affordable prices.

Speaker #3: Air represents SK Telecom's new initiative to respond to the shift in mobile usage patterns among customers in their 20s and 30s towards a SIM-only and fully digital experience.

Jun Hee: AIR represents SK Telecom's new initiative to respond to the shift in mobile usage patterns among customers in the 20s and 30s towards a SIM-only and fully digital experience. It allows customers to complete all service procedures directly through the app without visiting offline stores.

Speaker #3: It allows customers to complete all service procedures directly through the app without visiting offline stores.

Kim Ji-hoon: 기존의 T 서비스가 가족 결합 할인이나 단말 보조금 등 다양한 혜택을 원하는 고객을 대상으로 한 것이라면, air는 디지털의 간편함과 실용적 혜택을 중시하는 자급제 고객을 위한 서비스로, 당사는 air 출시를 통해 보다 다양한 고객군의 니즈를 충족시킬 수 있을 것으로 기대하고 있습니다.

Speaker #2: One keyword membership you mentioned in the.

Yang-Seob Kim: 또한 AIR는 고객이 많이 이용하는 데이터 구간을 중심으로 6종의 심플한 요금제를 제시하고, 키워드, T-멤버십, 유무선 결합이나 가족 결합 등을 지원하지 않는 대신 꼭 필요한 핵심 기능만을 담아 보다 저렴한 가격대로 제공하고 있습니다.

Operator 2: While existing T service cater to customers seeking a wide range of benefits, such as family bundle discounts or device subsidies, air is designed for unlocked device users who value digital convenience and practical benefits. Through the launch of air, the company expects to meet the needs of wider customer base and broaden its marketing reach.

Speaker #3: Service offers six simple rate plans focused on the most commonly used data tiers . While it does not support keyword T , membership , fixed mobile bundles or family discounts , it provides only the essential features at more affordable prices .

Jun Hee: The service offers six simple rate plans focused on the most commonly used data tiers. While it does not support T-Work, T-Membership, fixed mobile bundles, or family discounts, it provides only the essential features at more affordable prices.

Yang-Seob Kim: 기존의 팁 서비스가 가족 결합 할인이나 단말 보조금 등 다양한 혜택을 원하는 고객을 대상으로 한 것이라면, AIR는 디지털의 간편함과 실용적 혜택을 중시하는 자급제 고객을 위한 서비스로, 당사는 AIR 출시를 통해 보다 다양한 고객군의 니즈를 충족시킬 수 있을 것으로 기대하고 있습니다.

Kim Ji-hoon: air는 자급제 사용자를 위한 새로운 통신 서비스를 제공함으로써 점진적으로 전체 무선 가입자 수 추가 확보와 탑라인에 기여할 것으로 기대하며, T Direct Shop 플랜과 유사한 수준의 월정액으로 ARPU 영향은 제한적일 것입니다.

Speaker #2: Digitally. All. Digital.

Speaker #3: While existing services catered to customers seeking a wide range of benefits, such as family bundled discounts or device subsidies, air is designed for unlocked device users who value digital convenience and practical benefits.

Jun Hee: While existing T-services cater to customers seeking a wide range of benefits, such as family bundle discounts or device subsidies, AIR is designed for unlocked device users who value digital convenience and practical benefits. Through the launch of AIR, the company expects to meet the needs of a wider customer base and broaden its marketing reach.

Operator 2: By offering a new telecom service for unlocked device users, air is expected to gradually expand the overall wireless subscriber base and continue to top-line growth. In terms of its price, it will be in the same range as the T Direct plan, so its impact on ARPU will be minimal.

Speaker #3: Through the launch of Air, the company expects to meet the needs of a wider customer base and broaden its marketing reach.

Jung Heejun: 네, 다음 질문 받겠습니다.

Yang-Seob Kim: AIR는 자급제 사용자를 위한 새로운 통신 서비스를 제공함으로써 점진적으로 전체 무선 가입자 추가 확보와 탑라인에 기여할 것으로 기대하며, T-다이렉트 플랜과 유사한 수준의 월 정액으로 RPO 영향은 제한적일 것입니다.

Operator 1: 다음으로 질문해 주실 분은 UBS의 박소연 님입니다.

Speaker #2: So . I the .

Operator 2: The following question will be presented by Sohyun Park from UBS. Please go ahead with your question.

Sohyun Park: 네, 안녕하세요. UBS증권 박소연입니다. 질문 기회 감사드립니다. 저희 두 가지 여쭤보고 싶은데, AWS랑 진행하고 있는 울산 AIDC가 한 8월 말쯤 기공식을 하셨던 걸로 기억을 하고 있는데, 울산 DC 지금 진행 상황 어떻게 되시는지 준공 계획 같은 것들 공유해 주실 수 있으면 좋을 것 같고, 또 추가적으로 확장하실 DC 계획 있으시면 공유 부탁드리겠습니다. 두 번째로, A.이 저희 지금 천만 가입자 돌파하면서 어느 정도 sizable한 좀 고객군을 확보한 것으로 보여서 이에 대해서도 좀 유료화 계획이 있으시면 공유 부탁드리겠습니다. 감사합니다.

Speaker #3: By offering a new telecom service for unlocked device users , air is expected to gradually expand the overall wireless subscriber base and continue to top line growth in terms of its price , it will be in the same range as the direct plan , so it is impact on Arppu will be minimal .

Jun Hee: By offering a new telecom service for unlocked device users, AIR is expected to gradually expand the overall wireless subscriber base and continue topline growth. In terms of its price, it will be in the same range as the T-direct plan, so its impact on RPU will be minimal.

Yang-Seob Kim: 다음 질문 받겠습니다.

Operator: 다음으로 질문해 주실 분은 UBS의 박소현 님입니다. The following question will be presented by So Hyun Park from UBS. Please go ahead with your question.

Speaker #1: For the following question, will be presented by Sohyun Park from UBS. Please go ahead with your question.

Hee Jin Lee: 네, 안녕하세요, UBS 증권 박소현입니다. 질문 기회 감사드립니다. 저희 두 가지 여쭤보고 싶은데, AWS랑 진행하고 있는 울산 AI DC가 한 8월 말쯤 발표를 하셨던 걸로 기억을 하고 있는데, 울산 DC 지금 진행 상황 어떻게 되시는지, 준공 계획 같은 것들 공유해 주실 수 있으면 좋을 것 같고, 또 추가적으로 그 확장하실 DC 계획 있으시면 공유 부탁드리겠습니다. 두 번째로 ADAS 저희 지금 천만 가입자 돌파하면서 어느 정도 상당한 고객군을 확보한 것으로 보여서 이에 대해서도 유료화 계획이 있으시면 공유 부탁드리겠습니다. 감사합니다.

Operator 2: Next question is from Park Sohyun with UBS. Two questions I have. The first question is about the Ulsan AIDC. This is something that you are working together with AWS, and understand that the groundbreaking ceremony was held sometime at the end of August. I'd like to understand the progress of the Ulsan AIDC project, and when do you foresee the completion of this construction and the beginning of the operation? If you have any additional plans to add other data center facilities, please do share. The second question is about A. service that you have recently surpassed the 10 million subscriber landmark, and now was able to secure quite sizable user base. I'd like to understand if you have any plan to actually charge the service.

Speaker #5: The AWS, AI, and thank you. So, yes.

Speaker #3: Next question is from Park Soo Hyun with UBS . Two questions . I have . The first question is about the OSN , IDC .

Jun Hee: Next question is from Park So Hyun with UBS. Two questions I have. The first question is about the Ulsan AI DC. This is something that you are working together with AWS, and I understand that the groundbreaking ceremony was held sometime at the end of August. I'd like to understand the progress of the Ulsan AI DC project, and when do you foresee the completion of this construction and the beginning of the operation? If you have any additional plans to add other data center facilities, please do share. The second question is about ADAS service. You have recently surpassed the 10 million subscriber landmark and now were able to secure quite a sizable user base. I'd like to understand if you have any plan to actually charge the service.

Speaker #3: So this is something that you are working on together with AWS, and I understand that the groundbreaking ceremony was held sometime at the end of August.

Jung Heejun: 질문 감사합니다. 첫 번째 질문은 AIDC 사업본부에서 답변을 드리고 이어서 두 번째 질문은 AI 사업전략본부에서 답변을 드리겠습니다.

Speaker #3: So I’d like to understand the progress of the Osen IDC project and when do you foresee the completion of this construction and the beginning of operations?

Operator 2: Thank you for this question. First question will be answered by the AIDC development team, and the second question will be answered by the AI growth strategy team.

Speaker #3: And if you have any additional plans to add other data center facilities, please do share. The second question is about the Ada service.

Kim Ji-hoon: 네, 먼저 울산 AIDC 진행 상황에 대해서 답변드리도록 하겠습니다.

Speaker #3: That you have recently surpassed . The 10 million subscriber landmark . And now was able to secure quite sizable user base . So I'd like to understand if you have any plan to actually charge the service .

Operator 2: Let me respond to you about the progress of the Ulsan AIDC project.

Kim Ji-hoon: 울산 AIDC는 지난 9월 11일 착공을 시작하여 현재 계획대로 순조롭게 공사가 진행 중에 있으며, 매출은 가동률에 비례하여 증가한 램프 구조로 최초 가동을 예상하고 있는 2027년 말부터 수익이 발생하기 시작하여 꾸준히 상승하게 될 것입니다.

Yang-Seob Kim: 질문 감사합니다. 첫 번째 질문은 AI DC 사업본부에서 답변을 드리고, 이어서 두 번째 질문은 AI 사업전략본부에서 답변을 드리겠습니다.

Speaker #2: Asia. Users in AI.

Speaker #3: Thank you for this question. The first question will be answered by the IDC development team, and the second question will be answered by the AI Growth Strategy team.

Jun Hee: Thank you for this question. The first question will be answered by the AI DC development team, and the second question will be answered by the AI growth strategy team.

Operator 2: Construction of the Ulsan AI data center began on 1 September and is progressing smoothly according to the plan. The revenue from the Ulsan AI data center will follow a ramp-up structure, increasing in proportion to the utilization.

Yang-Seob Kim: 네, 먼저 울산 AI DC 진행 상황에 대해서 답변드리도록 하겠습니다.

Speaker #2: And AI .

Speaker #3: So let me respond to you about the progress of the Osen IDC project.

Jun Hee: Let me respond to you about the progress of the Ulsan AI DC project.

Kim Ji-hoon: 또한 울산 AI 데이터센터는 글로벌 빅테크 AWS를 국내에 위치한 레퍼런스로서 향후 당사 AIDC 사업 확장에 중요한 마중물 역할을 할 것입니다. 현재 국내 또는 APAC에서 AIDC 사업을 추진 검토 중인 글로벌 투자사 및 빅테크들과의 다양한 방식의 협력을 논의 중인 상황입니다.

Yang-Seob Kim: 울산 AI DC는 지난 9월 1일 착공을 시작하여 현재 계획대로 순조롭게 공사가 진행 중에 있으며, 매출은 가동률에 비례하여 증가한 램프 구조로 최초 가동을 예상하고 있는 2027년 말부터 수익이 발생하기 시작하여 꾸준히 상승하게 될 것입니다.

Speaker #2: The .

Operator 2: The profit generation is expected from 2027 and expected to grow steadily thereafter. The Ulsan AI Data Center will also serve as a key reference case, marking SK Telecom's successful attraction over global big tech partners to Korea and will act as an important catalyst for future expansion of the company's AI data center business. In addition, the company is in active discussions with global investment firms and other major technology companies considering AI data center projects in Korea and across the broader APAC region, exploring various form of collaboration. Next, I'd like to discuss our data center expansion plan. As mentioned in the previous earnings call, the company aims to achieve KRW trillion level revenue by operating a cumulative 300 MW or more of data center capacity by 2030.

Speaker #3: Construction of the AI data center began on September 1 and is progressing smoothly. According to the plan, the revenue from the Austin AI Data Center will follow a ramp-up structure and increase in proportion to the utilization.

Jun Hee: Construction of the Ulsan AI Data Center began on September 1st and is progressing smoothly according to the plan. The revenue from the Ulsan AI Data Center will follow a ramp-up structure and increase in proportion to reutilization.

Speaker #2: Q1 AI data global AWS Reference also , AI . The . Apex AI global Summit . The .

Yang-Seob Kim: 또한 울산 AI 데이터 센터는 글로벌 빅테크 AWS를 국내에 위치한 레퍼런스로서 향후 당사 AI DC 사업 확장에 중요한 마중물 역할을 할 것입니다. 현재 국내 또는 APAC에서 AI DC 사업을 추진 검토 중인 글로벌 투자사 및 빅테크들과의 다양한 방식의 협력을 논의 중인 상황입니다.

Speaker #3: Profit generation is expected from $27 million and is expected to grow steadily thereafter. The Olson Data Center will also serve as a key reference case marking SK Telecom's successful attraction of global big tech partners.

Jun Hee: The profit generation is expected from 2027 and expected to grow steadily thereafter. The Ulsan AI Data Center will also serve as a key reference case, marking SK Telecom's successful attraction of global big tech partners to Korea, and will act as an important catalyst for future expansion of the company's AI data center business. In addition, the company is in active discussions with global investment firms and other major technology companies considering AI data center projects in Korea and across the broader APAC region, exploring various forms of collaboration.

Speaker #3: To Korea and will act as an important catalyst for the future expansion of the company's AI data center business. In addition, the company is in active discussions with global investment firms and other major technology companies considering AI data center projects in Korea and across the broader APAC region, exploring various forms of collaboration.

Speaker #2: Among data center .

Yang-Seob Kim: 다음은 데이터 센터 확장 계획에 대해서 말씀드리겠습니다.

Speaker #3: Next, I'd like to discuss our data center expansion plan.

Jun Hee: Next, I'd like to discuss our data center expansion plan.

Operator 2: To this end, we are currently pursuing the construction of an additional AI data center in Guro, Seoul, and the design work has just begun. Given that this location represents the last valuable site in Seoul with secured power capacity for data center development, it offers ample land to accommodate large scale facilities. We anticipate a strong demand for the project. We will provide further details to the market as the project progresses and plans become more concrete. This is the Head of AI Business Strategy, Kim Ji-hoon. Let me respond to your second question of the plan to charge the A. service. As of the end of September, the cumulative subscriber for A. has surfaced 10 million 560 thousand. That is the growth of 8.3% versus the end of June.

Yang-Seob Kim: 당사는 지난 분기 실적 발표에서 2030년까지 누적 300MW 이상의 데이터 센터 운영을 통해 조 단위 수준의 매출을 목표하고 있다는 점을 말씀드린 바 있습니다.

Speaker #2: Data center . The .

Speaker #3: As mentioned in the previous earnings call, the company aims to achieve a trillion-dollar revenue by operating a cumulative 300 megawatts or more of data center capacity by 2030.

Jun Hee: As mentioned in the previous earnings call, the company aims to achieve trillion won level revenue by operating a cumulative 300MW or more of data center capacity by 2030.

Yang-Seob Kim: 이러한 목표 달성을 위해 서울 구로 지역에 추가적인 AI 데이터 센터 건설을 추진 중에 있고, 현재 계획 설계를 착수한 단계입니다.

Speaker #2: AI Data Center .

Speaker #3: To this end, we are currently pursuing the construction of an additional AI data center in Seoul, and the design work has just begun.

Jun Hee: To this end, we are currently pursuing the construction of an additional AI data center in Kuro, Seoul, and the design work has just begun.

Speaker #2: Data center, Pyongyang is the.

Yang-Seob Kim: 서울에 데이터 센터를 구축할 수 있는 전력이 확보된 마지막 입지라는 희소성과 대용량의 시설을 지을 수 있는 부지 규모 덕분에 높은 수요가 있을 것으로 예상하고 있습니다.

Speaker #3: Given that this location represents the last valuable site in Seoul with secured power capacity for data center development, it offers ample land to accommodate large-scale facilities.

Jun Hee: Given that this location represents the last valuable site in Seoul with a secured power capacity for data center development, it offers ample land to accommodate large-scale facilities. We anticipate a strong demand for the project.

Speaker #3: We anticipate a strong demand for the project. We will provide further details to the market as the project progresses and plans become more concrete.

Yang-Seob Kim: 향후 진행 상황에 따라 보다 구체화된 내용이 있게 되면 시장과 소통하도록 하겠습니다.

Jun Hee: We will provide further details to the market as the project progresses and plans become more concrete.

Speaker #2: The AI, Genoa PTB service, are MoU.

Ji Hoon Kim: 네, AI 사업전략본부장 김지훈입니다. ADAS 유료화 계획에 대해서 말씀을 드리도록 하겠습니다. 9월 말 ADAS의 누적 가입자는 1,056만 명으로 6월 말 대비 8.3% 증가했고, ADAS 앱 외에 전화, BTV 등과 같은 타 서비스 내에 ADAS 기능을 활용하고 있는 이용자까지 포함하면 MAU도 1,000만 명을 넘어섰습니다.

Operator 2: When we include the other A. function users outside of the A. app, which mainly refers to the phone and the B tv, then the total MAU exceeded 10 million as well. We were able to achieve this performance within 2 years from the official launch. The achievement meaning that subscriber over 10 million and the AU exceeding 10 million. That is thanks to the continuous service sophistication and active expansion into the external platform. Last June, we have launched Note and Briefing. In August, we offered 4.0 update and the agentic workflow function has been added, and this has garnered a strong response from the users. In September, A. is made available in TMAP and contributed further to the increase in AU.

Speaker #3: This is the head of AI Business Strategy, Kim Ji-hoon. Let me respond to your second question regarding the plan to charge for the Ada service.

Jun Hee: This is the Head of AI Business Strategy, Kim Jihoon. Let me respond to your second question of the plan to charge the ADAS service. As of the end of September, the cumulative subscriber for ADAS has surpassed 10,560,000, and that is the growth of 8.3% versus the end of June. When we include the other ADAS function users outside of the ADAS app, which mainly refers to the phone and the BTV, then the total MAU exceeded 10 million as well.

Speaker #3: As of the end of September , the cumulative subscriber for Ada has surpassed 10,000,056 560,000 , and that has the is the growth of 8.3% versus the end of , when we include the other Ada function users outside June Ada app , which mainly refers to the phone , and the BTV .

Speaker #3: Then the total MoU exceeded $10 million as well.

Ji Hoon Kim: 정식 출시 이후 2년여 만에 1,000만 명이 넘는 가입자와 또 이제 그 확대된 AU를 확보하게 된 것은 지속적인 내부 서비스 고도화와 외부 플랫폼으로의 적극적인 확장 덕분으로 분석하고 있습니다.

Speaker #2: An you. In our web platform in. The.

Speaker #3: So we were able to achieve this performance within two years from the official launch . The achievement meaning that subscriber over 10 million and the exceeding 10 million .

Jun Hee: We were able to achieve this performance within two years from the official launch, the achievement meaning that subscribers over 10 million and the AU exceeding 10 million. That is thanks to the continuous service sophistication and active expansion into the external platform.

Speaker #3: That is thanks to the continuous service sophistication and active expansion into the external platform.

Ji Hoon Kim: 지난 6월에는 노트와 브리핑을 선보였고, 8월에는 4.0 업데이트를 통해 에이전틱 워크플로우 기능 등을 추가하여 이용자들의 호응을 얻고 있으며, 9월에는 팀 앱에서도 ADAS를 이용할 수 있도록 하면서 전체적인 AU 증가 효과를 보고 있습니다.

Speaker #2: Update

Speaker #2: . Your . Kim of the . Do . You .

Speaker #3: Last June we have launched note and briefing . In August we offered for the update and the agent workflow function has been added and this has garnered a strong response from the users in September , iodide is made valuable in Tmap and contributed further to the increase in AEW .

Jun Hee: Last June, we launched the note and briefing. In August, we offered 4.0 update, and the agentic workflow function has been added, and this has garnered a strong response from the users. In September, ADAS was made available in team app and contributed further to the increase in AU.

Operator 2: The B2C paid model will be reviewed or under review, and that will most likely in the form of the subscription or the bundled products, centering around A. killer services. Our target launching period is H1 2026. Until that time, that we will continue to focus on improving usability of A. core services and expand the customer base. Regarding the B2B profit model, including A.'s agentic workflow that will be implemented into TMAP, we expect the revenues generation from Q4. That will be the beginning. We expect a gradual expansion of the revenues.

Ji Hoon Kim: B2C 유료 모델은 ADAS 내에 킬러 서비스를 중심으로 한 구독 상품이나 결합 상품 형태로 검토하고 있으며, 내년 상반기 출시를 목표로 하고 있습니다. 해당 시점까지는 당분간 ADAS의 핵심 서비스에 대한 사용성을 강화하고 고객 기반을 확대하는 데 주력하고자 합니다.

Speaker #2: And Ada service. Hee Chung, Hee Chung, and Ada services.

Speaker #3: The B2C model will be reviewed are under review , and that will most likely in the form of the subscription or the bundled products centering around adult services and our target launching period is the first half of 2026 .

Jun Hee: The B2C paid model will be reviewed or under review, and that will most likely be in the form of subscription or branded products centering around ADAS killer services, and our target launching period is the first half of 2026. Until that time, we will continue to focus on improving the usability of ADAS core services and expand the customer base.

Speaker #3: Until that time, we will continue to focus on improving the usability of the ADAS core services and expanding our customer base.

Jung Heejun: 오퍼레이터님, 지금 현재 질문 대기하고 계신 분이 더 계실까요?

Speaker #2: And Ada agency workflow kindergarten P2P model team.

Ji Hoon Kim: 한편, ADAS의 에이전틱 워크플로우 기능과 같은 B2B 수익 모델은 팀 앱 내에 적용을 통해 4분기부터 매출이 발생할 것으로 예상하며, 이를 시작으로 점차 확대해 나갈 계획입니다. 이상입니다.

Operator 3: 현재 한 명 질문 대기 중입니다. There are one people waiting in the question queue.

Jung Heejun: 네, 그럼 한 분 질문까지 받고 마치도록 하겠습니다.

Operator 3: 마지막으로 질문해 주실 분은 하나증권의 김홍식 님입니다. The last question will be presented by Kim Hong-sik from Hana Securities. Please go ahead with your question.

Speaker #3: So, regarding the B2B profit model, including the agent workflow that will be implemented into the Tmap, we expect the revenue generation from the fourth quarter, and that will be the beginning.

Jun Hee: Regarding the B2B profit model, including the ADAS agentic workflow, that will be implemented into the team app, we expect the revenue generation from the fourth quarter, and that will be the beginning, and we expect a gradual expansion of the revenue.

Hongshik Kim: 죄송한 질문을 좀 드려야 될 것 같은데요. 저희는 이제 분기 배당을 하고 있거든요. 근데 이번에 이제 무배당을 함에 따라서 이번에 배당금을 사용하려고 한 그 투자자들이 상당히 현금 흐름상 곤혹을 치를 것 같아요. 지금 보면 저희가 사업보고서에 배당 예측 가능성을 제공하는 회사들이 많아지고 있거든요. 저희는 이럴 계획이 없는지, 최소한 이제 당장 3분기에 배당을 지급하지 않을 거면 그거에 대한 전반적인 배당 정책이 좀 필요하지 않을까 이런 판단을 해서 이 질문을 좀 드려보고요. 그래서 결국은 이 정도 시점이 됐으면 분기 배당에 대한 재검토 정도가 나와야 되지 않나 싶습니다. 저희가 분할해서 분기 배당을 하겠다고 말씀하신 지가 몇 년 안 됐는데 벌써부터 분기 배당을 지급하지 않는다는 사태가 발생됐다는 것 자체가 매우 유감이고요. 두 번째는 저희 이제 그 공시에 보면 연결순이익의 50%를 배당한다고 돼 있는데, 저희가 이해하기로는 이게 조정순이익이라고 이해를 하고 있었어요. 근데 이번에 이제 이런 결과로 저희가 보면 조정이 아니라 그냥 당기순이익의 50%를 봐야 되는 게 아닌가.

Speaker #3: And we expect the gradual expansion of the revenue.

Speaker #2: The operator name to .

Yang-Seob Kim: 네, 그 오퍼레이터님, 지금 현재 질문 대기하고 계신 분이 더 계실까요?

Operator: 현재 한 명 질문 대기 중입니다. There is one person waiting in the question queue.

Speaker #5: The . .

Speaker #1: There is one person waiting in the question queue. The final question will be presented by Hong Kim from Hana Securities. Please go ahead with your question.

Yang-Seob Kim: 네, 그럼 한 분 질문까지 받고 마치도록 하겠습니다.

Operator: 마지막으로 질문해 주실 분은 하나증권의 김홍식 님입니다. The last question will be presented by Hong Shiq Kim from Hana Securities. Please go ahead with your question.

Yang-Seob Kim: 네, 죄송한 질문을 좀 드려야 될 것 같은데요. 저희는 이제 분기 배당을 하고 있거든요. 근데 이번에 이제 무배당을 함에 따라서 이번에 배당금을 사용하려고 한 그 투자자들이 상당히 현금 흐름상 곤혹을 치를 것 같아요. 지금 보면 저희가 사업 보고서에 배당 예측 가능성을 제공하는 회사들이 많아지고 있거든요. 그래서 저희는 이런 계획이 없는지, 최소한 이제 당장 3분기에 배당을 지급하지 않을 거면 그것에 대한 전반적인 가이던스가 좀 필요하지 않을까 이런 좀 판단을 해서 이 질문을 좀 드려보고요. 그래서 결국은 이 정도 시점이 됐으면 분기 배당에 대한 재검토 정도가 나와야 되지 않나 싶습니다. 저희가 분기별로 분기 배당을 하겠다고 말씀하신 지가 몇 년 안 됐는데, 벌써부터 분기 배당을 지급하지 않는다는 사태가 발생됐다는 것 자체가 매우 유감이고요. 두 번째는 저희 이제 그 공시에 보면 연결 순이익의 50%를 배당한다고 돼 있는데, 저희가 이해하기로는 이게 조정 순이익이라고 이해를 하고 있었어요.

Speaker #2: In So Hong Kong.

Speaker #4: Is one . Of . The . Main . Products of . The .

Hongshik Kim: 그러면 앞으로도 계속 일회성 비용이 발생하면 저희는 계속적으로 거기에 따른 배당 감소를 감내를 해야 되는지 정확하게 배당 성향에 대한 원칙을 좀 말씀해 주셨으면 감사하겠습니다. This is Kim Hong-sik from Hana Securities. I will have to ask some difficult questions. You have started a quarterly dividend payout, but this quarter you have decided not to declare the dividend. From the perspective of the investors who have been waiting for this cash flow from the dividend, we are at a loss and I'd like to understand more visibility into the future. According to the business report, there are some companies that are showing higher degree of the visibility or the productivity when it comes to the dividend. In that line, I'd like to ask the company, do you have any plan for the future dividend?

Yang-Seob Kim: 근데 이번에 이런 결과로 저희가 보면 조정이 아니라 그냥 당기 순이익의 50%를 봐야 되는 게 아닌가, 그러면 앞으로도 계속 일회성 비용이 발생하면 저희는 계속적으로 거기에 따른 배당 감소를 감수를 해야 되는지 정확하게 배당 성향에 대한 원칙을 좀 말씀해 주셨으면 감사하겠습니다.

Hongshik Kim: If so, please share. If you are not able to provide any dividend for Q3, I believe that there should be some sufficient response going forward. Please specify them. At this point, this is I believe that a high time that you need to revisit the plan to provide dividend on a quarterly basis, because you have made the disclaim or announcement some time ago, but you are not able to provide this quarterly dividend for this quarter. This is extremely regrettable situation, I have to say.

Speaker #3: Mrs. Kim Hong from Hana Securities: I will have to ask some difficult questions. Then, you have started the quarterly dividend payout.

Jun Hee: This is Kim Hong Shiq from Hana Securities. I will have to ask some difficult questions. You have started the quarterly dividend payout, but this quarter you have decided not to declare the dividend. From the perspective of the investors who have been waiting for this cash flow from the dividend, we are at a loss and would like to understand more visibility into the future. According to the business report, there are some companies that are showing a higher degree of the visibility or the productivity when it comes to the dividend. In that line, I'd like to ask the company, do you have any plan for the future dividend? If so, please share. If you are not able to provide any dividend for the third quarter, I believe that there should be some sufficient response going forward, so please specify them.

Speaker #3: But this quarter , you have decided not to declare the dividend . And from the perspective of the investors who have been waiting for this cash flow from the dividend , we are at a loss and would like to understand more visibility into the future .

Speaker #3: According to the business report, there are some companies that are showing a higher degree of visibility or productivity when it comes to their dividends.

Hongshik Kim: The second question is that according to the report that the ground or the basis of providing the dividend is the 50% of the consolidated net income. It is our existing understanding is that it is adjusted consolidated net income, but it turns out that decision to waiver the Q3 dividend is based upon not adjusted, but the net income of this quarter. Does that suggest that in case of any future incidents that might involve the significant one-time expenses, then there will be some wavering of the dividend for that particular quarter? Please share with us your dividend profile.

Speaker #3: So in that line , I'd like to ask the company , do you have any plan or for the future dividend ? And if so , please share .

Speaker #3: So, if you are not able to provide any dividend for the third quarter, I believe that there should be some sufficient response going forward.

Jun Hee: At this point, I believe that it's a high time that you need to revisit the plan to provide dividend on a quarterly basis because you have made the disclaimer or announcement some time ago, but you are not able to provide this quarterly dividend for this quarter. This is an extremely regrettable situation, I have to say. The second question is that according to the report, the ground or the basis of providing the dividend is the 50% of the consolidated net income. It is our existing understanding that it is adjusted consolidated net income, but it turns out that the decision to waiver the third quarter dividend is based upon not adjusted, but the net income of this quarter. Does that suggest that in case of any future incidents that might involve the significant one-time expenses, there will be some waivering of the dividend for the particular quarter?

Speaker #3: So please specify them . And at the at this point , this is the I believe that the high time that you need to revisit the plan to provide dividend on a quarterly basis because you have made the disclaimer or announcement some time ago , but you are not able to provide this quarterly dividend for this quarter .

Speaker #3: So this is extremely regrettable , regrettable situation . I have to say . And the second question is that according to the report , is that the ground or the basis of providing the dividend is 50% of the consolidated net income , and it is our existing understanding is that it is adjusted consolidated net income , but it turns out that decision to waiver the third quarter dividend is based upon not adjusted , but the net income of this quarter .

Jung Heejun: 예, 말씀 감사합니다. CFO 김양섭입니다. 말씀 주신 것에 대해 제가 좀 답변을 드리도록 하겠습니다.

Operator 2: Let me respond to your question. This is the CFO.

Jung Heejun: 먼저 저희 회사가 안정적인 실적을 기반으로 해서 배당금을 지속적으로 지급해 왔는데 올해 사이버 침해 사고로 이 정말 예측치 못한 경영 환경에 처하게 되어서 배당을 못하게 되고 그 부분에 대해서 CFO로서 또 굉장히 당황스럽고 투자자 여러분께 죄송스러운 마음을 가지고 있습니다.

Speaker #3: So does that suggest that in case of any future incidents that might involve the significant one time expenses , then there will be some wavering of the dividend for the particular quarter .

Jun Hee: Please share with us your dividend profile.

Speaker #3: So please share with us your dividend profile.

Operator 2: As you might understand and appreciate that we have been providing the stable provision of the dividend based upon the strong performance. Due to this unforeseeable incidents that we're not able to provide the dividend for this quarter. As a CFO, this is an extremely unsettling situation, and I'd like to extend my sincere apology to the investors.

Speaker #2: Yeah. The. The.

Yang-Seob Kim: 예, 말씀 감사합니다. CFO 김양석입니다. 말씀 주신 것들 제가 좀 답변을 드리도록 하겠습니다.

Speaker #3: So, let me respond to your question. This is the CFO.

Jun Hee: Let me respond to your question. This is the CFO.

Yang-Seob Kim: 먼저 저희 회사가 안정적인 실적을 기반으로 해서 배당금을 지속적으로 지급해 왔는데, 올해 사이버 침해 사고로 인해 정말 예측치 못한 경영 환경에 처하게 돼서 배당을 못하게 되고, 그 부분에 대해서 CFO로서 또 굉장히 당황스럽고 투자자 여러분께 죄송스러운 마음을 가지고 있습니다.

Speaker #2: The cyber .

Jung Heejun: 위원님이 주신 말씀 많이 고민해 보겠고요. 무엇보다도 저희 경영환경 정화를 통해 다시 배당을 재개할 수 있도록 저희 SK텔레콤 전 임직원이 다 같이 최선을 다할 것임을 CFO로서 일단 약속을 드립니다.

Speaker #3: So as you might understand and appreciate that we have been providing the stable provision of the dividend based upon the strong performance . But due to this unforeseeable incidents that were not able to provide the dividend for this quarter , as a CFO , this is an extremely unsettling situation .

Jun Hee: As you might understand and appreciate, we have been providing the stable provision of the dividend based upon the strong performance. But due to this unforeseeable incident, we were not able to provide the dividend for this quarter. As a CFO, this is an extremely unsettling situation, and I'd like to extend my sincere apology to the investors.

Operator 2: We take your question and the feedback with great heart and try to figure out the best way forward. I'd like to give you this commitment as a CFO that we will make every effort to normalize our business environment. This is something that I will share the commitment to you on behalf of every single employee of SK Telecom.

Speaker #3: And I'd like to extend my sincere apology to the investors.

Yang-Seob Kim: 위원님이 주신 말씀 많이 고민해 보겠고요. 무엇보다도 저희 경영 환경 정상화를 통해 다시 배당을 제기할 수 있도록 저희 SK텔레콤 전 임직원이 다 같이 최선을 다할 것임을 CFO로서 일단 약속을 드립니다.

Jung Heejun: 그리고 그 연결선이 저희 배당 policy 연결선이 50% 이상 조정순익에 대해서 조금 말씀을 드리겠습니다.

Speaker #2: To the Hong Kong shareholders of SK Telecom Co. Ltd.

Operator 2: Let me respond to your question about the 50% of the adjusted consolidated net income.

Speaker #3: So we take your question and the feedback with Graveheart and try to figure out the best way forward. And I'd like to give you this commitment as a CFO: we will make every effort to normalize our business environment.

Jun Hee: We take your question and the feedback with great heart and try to figure out the best way forward. I'd like to give you this commitment as a CFO that we will make every effort to normalize our business environment, and this is something that I will share the commitment to you on behalf of every single employee of SK Telecom.

Jung Heejun: 당사는 주주환원정책과 관련해서 영업수익, 영업비용과 같이 주된 영업 활동으로부터 발생하는 항목은 경상적 손익 항목으로 구분하고, 영업활동과 직접 관련이 없는 영업외 손익은 비경상 손익 항목으로 구분하고 있습니다.

Speaker #3: And this is something that I will share the commitment to you on behalf of every single employee of SK Telecom.

Yang-Seob Kim: 그리고 연결 순이익 저희 배당 정책 연결 순이익 50% 이상 조정 순이익에 대해서 조금 말씀을 드리겠습니다.

Speaker #2: So . The .

Operator 2: In relation to our shareholder return policy, the company classified items such as operating revenue and operating expenses, which arise from its principal business activities as recurring income or loss items. Conversely, non-operating income and expenses that are not directly related to the operating activities are categorized as non-recurring items.

Speaker #3: Let me respond to your question about the 50% of the adjusted consolidated net income.

Jun Hee: Let me respond to your question about the 50% of the adjusted consolidated net income.

Yang-Seob Kim: 당사는 주주 환원 정책과 관련해서 영업 수익, 영업 비용과 같이 주된 영업 활동으로부터 발생하는 항목은 경상적 손익 항목으로 구분하고, 영업 활동과 직접 관련이 없는 영업 외 손익은 비경상 손익 항목으로 구분하고 있습니다.

Jung Heejun: 금년 같은 경우에는 개인정보보호위원회의 과징금이 비경상 손익 항목에 해당합니다. 고객감사 패키지 유심 교체 비용은 당사의 주된 영업활동과 관련하여 발생한 것이기 때문에 일회성 비경상으로 보지 않고 있습니다.

Speaker #2: Of . Na of in .

Speaker #3: In relation to our shareholder return policy, the company classified items such as operating revenue and operating expenses, which arise from its principal business activities, as the recurring income or loss items.

Jun Hee: In relation to our shareholder return policy, the company classified items such as operating revenue and operating expenses, which arise from its principal business activities as recurring income or loss items. Conversely, non-operating income and expenses that are not directly related to the operating activities are categorized as non-recurring items.

Operator 2: The administrative fine imposed by the PIPC this year is classified as a non-recurring item. The customer appreciation packages and the SIM card replacement costs are directly associated with the company's core business activities, and therefore are not regarded as one-off or non-recurring items.

Speaker #3: And conversely, non-operating income and expenses that are not directly related to the operating activities are categorized as non-recurring items.

Jung Heejun: 당사의 주주환원정책인 연결조정당기순이익 50%는 상징적인 하한선을 의미하고요. 이를 기준으로 보다 높은 수준의 배당을 하겠다는 의지의 표현으로 당사의 배당 성향은 그동안 이보다 높은 수준을 유지해 왔습니다.

Yang-Seob Kim: 금년 같은 경우에는 개인정보보호위원회의 과징금이 비경상 손익 항목에 해당합니다. 고객 감사 패키지 유심 교체 비용은 당사의 주된 영업 활동과 관련하여 발생한 것이기 때문에 일회성 비경상으로 보지 않고 있습니다.

Speaker #2: Are and then. It is.

Operator 2: The company's shareholder return policy, which is returning 50% of adjusted consolidated net income, represent a symbolic lower bound. This threshold expresses our commitment to provide dividends at a higher level than the minimum target, and historically, our dividend payout ratio has remained above this level.

Speaker #3: The administrative fine imposed by the Pipc this year is classified as a non-recurring item. The customer appreciation packages and the SIM card replacement costs are directly associated with the company's core business activities and, therefore, are not regarded as one-off or non-recurring items.

Jun Hee: The administrative fine imposed by the PIPC this year is classified as a non-recurring item. The customer appreciation packages and the SIM card replacement cost are directly associated with the company's core business activities and therefore are not regarded as one-off or non-recurring items.

Jung Heejun: 위원님, 추가적인 궁금하신 사항이 있으시면 별도로 저희 IR을 통해서 연락을 주시면 충실히 답변을 더 추가로 드리도록 하겠습니다. 이상입니다.

Yang-Seob Kim: 당사의 주주 환원 정책인 연결 조정 당기 순이익 50%는 상징적인 하한선을 의미합니다. 이를 기준으로 보다 높은 수준의 배당을 하겠다는 의지의 표현으로 받아들여 주시기 바라며, 당사의 배당 성향은 그동안 이보다 높은 수준을 유지해 왔습니다.

Speaker #2: And . The . Q1 EBITDA . The .

Operator 2: For additional inquiry, please contact our IR organization and we will make sure that you get the full response.

Speaker #3: The company's shareholder return policy , which is returning 50% of adjusted consolidated net income , represents a symbolic lower bound . This threshold expresses our commitment to provide dividends at a higher level than the minimum target , and historically , our dividend payout ratio has remained above this level .

Jung Heejun: 네. 그럼 이것으로 3분기 실적발표 컨퍼런스콜 마치도록 하겠습니다. 혹시 추가적으로 궁금한 점이 있으면 저희 IR 조직에 언제든지 편하게 문의해 주시기 바랍니다. 감사합니다.

Jun Hee: The company's shareholder return policy, which is returning 50% of adjusted consolidated net income, represents a symbolic lower bound. This threshold expresses our commitment to provide dividends at a higher level than the minimum target, and historically, our dividend payout ratio has remained above this level.

Operator 2: This concludes the Q3 2025 earnings call. If you have any further questions, please contact us. Thank you.

Yang-Seob Kim: 위원님, 추가적인 궁금하신 사항이 있으시면 별도로 저희 IR을 통해서 연락을 주시면 충실히 또 답변을 더 추가로 드리도록 하겠습니다. 이상입니다.

Speaker #2: So .

Speaker #3: For additional inquiry, please contact our organization, and we will make sure that you get the full response.

Jun Hee: For additional inquiries, please contact our organization and we will make sure that you get the full response.

Yang-Seob Kim: 네, 그럼 이것으로 3분기 실적 발표 컨퍼런스 콜을 마치도록 하겠습니다. 혹시 추가적으로 궁금한 점이 있으면 저희 IR 조직에 언제든지 편하게 문의 주시기 바랍니다. 감사합니다.

Speaker #2: The . .

Jun Hee: This concludes our Q3 2025 earnings call. If you have any further questions, please contact us. Thank you.