SK Telecom Co Q4 2025 SK Telecom Co Ltd (South Korea) Earnings Call | AllMind AI Earnings | AllMind AI
Q4 2025 SK Telecom Co Ltd (South Korea) Earnings Call
Speaker #1: The earnings conference call for fiscal year 2025. Today, we will first deliver a presentation on the financial and business highlights, followed by a Q&A session.
Speaker #1: 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 #2: 안녕하십니까, SK Telecom CFO
Speaker #2: 박종석입니다. Good afternoon, this
Speaker #1: is Jung Seok Park, CFO of SK Telecom.
Speaker #2: 투자자 및 주주 여러분께 처음으로 인사드립니다. 새해 복 많이 받으시고 건강하고 평안한 한 해 되시기를
Speaker #2: 기원드립니다. It is my first time
Speaker #1: to greet investors and shareholders as CFO. I wish you a happy new year, and I also wish all of you good health
Speaker #1: year. and happiness in the new
Speaker #2: Telecom이 OI의 전방위 확대와 AI 사업 수익화를 최우선 과제 삼고, 본원주 경영의 강화 및 신성장 동력 기반 확보를 위해 많은 노력을 기울인 한 해였습니다.
Speaker #1: In 2025, SK Telecom put priority on expanding operational improvements across the company and monetizing AI business, and made strenuous efforts to strengthen fundamental business competitiveness and secure a foundation for new growth drivers.
Speaker #2: 하지만 사이버 침해 사고와 관련된 일련의 사태를 겪으며 업의 본질인 고객의 가치를 이해하고 이를 혁신해 가는 것이야말로 지속 가능한 미래의 전제 조건임을 깨닫고 반성하는 시간이기도 했습니다.
Speaker #2: 하지만 사이버 침해 사고와 관련된 일련의 사태를 겪으며 업의 본질인 고객의 가치를 이해하고 이를 혁신해 가는 것이야말로 지속 가능한 미래의 전제 조건임을 깨닫고 반성하는 시간이기도
Speaker #1: However, the cybersecurity incident and its subsequent developments also led us to a period of careful reflection, realizing that understanding and innovating on customer value—which is the essence of our business—is a prerequisite for sustainable future.
Speaker #2: 고객의 신뢰 속에 단단한 내실을 갖춘 SK Telecom이 될 수 있도록 최선을 다하겠습니다.
Speaker #1: We will do our utmost to build SK Telecom with strong fundamentals, grounded in the trust of our customers.
Speaker #2: 그럼 이제 2025년 연간 재무 실적을
Speaker #2: 말씀드리겠습니다. Let me now report
Speaker #1: year
Speaker #1: 2025. 매출은 전년 대비
Speaker #2: 4.7% 감소한 17조 992억 원을 기록했습니다. 자회사 매각과 사이버 침해 사고로 인한 가입자 감소 및 요금 감면 등을 포함한 책임과 약속 프로그램의 실행이 영향을 주었습니다.
Consolidated revenue posted 17 trillion 99.2 billion won down 4.7% year-on-year due to sales of subsidiaries, net decline in subscribers following the cybersecurity incident, and implementation of the accountability and commitment program, including tariff
Q4 2025 SK Telecom Co Ltd (South Korea) Earnings Call
Speaker #2: 이익은 전년 대비 41.1% 감소한 1조 732억 원입니다. 매출 감소 영향과 유심 교체 등 사이버 침해 사고 관련 비용, 그리고 연말 사업 재정비 과정에서 발생한 비용 등이 주된 원인으로
Speaker #2: 작용했습니다. Operating income
Speaker #1: reported 1 trillion 73.2 billion won down 41.1% year-over-year on the back of the decline in revenue, costs related to the cybersecurity incident, including USIM replacements, and costs incurred during business restructuring at the end of 2025.
Speaker #1: 안녕하십니까, SK Telecom 실적 발표 컨퍼런스콜에 참여해 주셔서 감사합니다. 오늘 진행 순서는 SK Telecom의 발표 후, 참석해 주신 여러분과 질의응답 시간을 가질 예정입니다. 질문을 하실 분은 전화기 버튼에 별표와 1번을 누르시기 바랍니다.
Operator: 안녕하십니까? SK텔레콤 실적발표 컨퍼런스콜에 참여해 주셔서 감사합니다. 오늘 진행 순서는 SK텔레콤의 발표 후 참석해 주신 여러분과 질의응답 시간을 가질 예정입니다. 질문을 하실 분은 전화기 버튼에 별표와 1번을 누르시기 바랍니다. 그럼 지금부터 SK텔레콤 2025년 4분기 실적발표를 시작하겠습니다.
Operator: 안녕하십니까? SK텔레콤 실적발표 컨퍼런스콜에 참여해 주셔서 감사합니다. 오늘 진행 순서는 SK텔레콤의 발표 후 참석해 주신 여러분과 질의응답 시간을 가질 예정입니다. 질문을 하실 분은 전화기 버튼에 별표와 1번을 누르시기 바랍니다. 그럼 지금부터 SK텔레콤 2025년 4분기 실적발표를 시작하겠습니다.
Speaker #2: 당기순이익은 전년 대비 73% 감소한 3,751억 원입니다. 사이버 침해 사고 관련한 과징금 납부 등의
Speaker #1: 그럼 지금부터 SK Telecom 2025년 4분기 실적 발표를 시작하겠습니다.
Speaker #2: 영향입니다. Net
Speaker #1: income came in at 375.1 billion won down 73% year-over-year, mainly due to penalty payments arising from the cybersecurity incident.
Speaker #1: Let’s begin. Good morning and good evening.
Operator: 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's fourth quarter of fiscal year 2025 earnings results.
Operator: 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's fourth quarter of fiscal year 2025 earnings results.
Speaker #2: 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.
Speaker #2: 다음으로 주주 환원에 대해 말씀드리겠습니다.
Speaker #2: If you have a question, please press star and one on your phone during the Q&A. Now, we will
Speaker #1: Let me report on shareholder
Speaker #1: return. 지난
Speaker #1: Begin the presentation. We will discuss SK Telecom's fourth quarter fiscal year 2025 earnings results.
Speaker #2: 4분기에도 사이버 침해 사고로 인한 재무적 영향이 지속되었고, 사업 포트폴리오를 정비하는 과정에서도 상당한 비용이 발생하면서 당사는 기말 배당을 실행하지 않기로 하였습니다.
Taehee Kim: 안녕하십니까? SK텔레콤 IRO 김태희입니다. 지금부터 2025년 연간 실적 발표 컨퍼런스 콜을 시작하겠습니다. 오늘 컨퍼런스 콜은 재무실적 및 사업 현황 등을 말씀드리고 Q&A를 갖는 순서로 진행하겠습니다. 향후 전망 관련 내용은 시장과 경영 환경 등 다양한 변수에 따라서 달라질 수 있다는 점도 미리 말씀드립니다. 그럼 박종석 CFO께서 말씀하시겠습니다.
Taehee Kim: 안녕하십니까? SK텔레콤 IRO 김태희입니다. 지금부터 2025년 연간 실적 발표 컨퍼런스 콜을 시작하겠습니다. 오늘 컨퍼런스 콜은 재무실적 및 사업 현황 등을 말씀드리고 Q&A를 갖는 순서로 진행하겠습니다. 향후 전망 관련 내용은 시장과 경영 환경 등 다양한 변수에 따라서 달라질 수 있다는 점도 미리 말씀드립니다. 그럼 박종석 CFO께서 말씀하시겠습니다.
Speaker #2: Telecom .
Speaker #1: Earnings results .
Speaker #1: The financial impact of the cybersecurity incident persisted into the fourth quarter, and substantial costs were incurred in the process of business portfolio restructuring, as a result, the company decided not to pay out quarterly dividend for the fourth quarter.
Speaker #2: SK Telecom. Conference call. The conference call. The.
Speaker #2: 이에 따라 2025년 배당금은 기 지급된 분기 배당금을 포함해 주당 1,660원으로 이사회에서 의결하였으며, 3월 정기주총의 승인을 거쳐 최종 확정될 예정입니다. 올해에는 실적 정상화를 통해 배당 수준을 회복할 수 있도록 최선을 다하겠습니다.
[Company Representative] (SK Telecom): Good afternoon, I am Taehee Kim, IRL of SK Telecom. Let us begin the earnings conference call for fiscal year 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.
[Company Representative] (SK Telecom): Good afternoon, I am Taehee Kim, IRL of SK Telecom. Let us begin the earnings conference call for fiscal year 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: Good afternoon. Kim Airo of SK Telecom. Let us begin the earnings conference call for fiscal year 2025. I will first deliver a year 2025 overview.
Speaker #1: Accordingly, the Board of Directors resolved to set the DPS for 1,660 won including the quarterly dividends already paid, which will be finalized after being approved at the annual general shareholders meeting in March.
Speaker #3: Today, we followed the Q&A highlights and business session. Please note that all forward-looking statements are subject to change, depending on various factors such as financial and market situations, as well as change management factors.
Jong Suk Park: 안녕하십니까? SK텔레콤 CFO 박종석입니다.
Jong Suk Park: 안녕하십니까? SK텔레콤 CFO 박종석입니다.
Speaker #1: We will strive to restore our financial performance to return to previous dividend payout
Speaker #3: Let me now present our CFO.
[Company Representative] (SK Telecom): Good afternoon, this is Jong Suk Park, CFO of SK Telecom.
[Company Representative] (SK Telecom): Good afternoon, this is Jong Suk Park, CFO of SK Telecom.
Speaker #1: levels. 다음으로
Jong Suk Park: 투자자 및 주주 여러분께 처음으로 인사드립니다. 새해 복 많이 받으시고, 건강하고 평안한 한 해 되시기를 기원드립니다.
Jong Suk Park: 투자자 및 주주 여러분께 처음으로 인사드립니다. 새해 복 많이 받으시고, 건강하고 평안한 한 해 되시기를 기원드립니다.
Speaker #2: SK Telecom Co Ltd . . Mr.
Speaker #2: 통신 사업과 AI 사업의 현황과 방향에 대해
Speaker #3: Good afternoon. Suk, this is CFO Park of SK Jong.
Speaker #2: 말씀드리겠습니다. Next, let me report
Speaker #1: on the current status and future directions of our telecom business and AI business.
[Company Representative] (SK Telecom): It is my first time to greet investors and shareholders as CFO. I wish you a Happy New Year, and I also wish all of you good health and happiness in the new year.
[Company Representative] (SK Telecom): It is my first time to greet investors and shareholders as CFO. I wish you a Happy New Year, and I also wish all of you good health and happiness in the new year.
Speaker #2: The .
Speaker #2: 25년 통신 사업은 사이버 침해 사고로 변화된 경영 환경에 대응하는 데 집중하였습니다. 올해에는 고객 가치 혁신을 최우선으로 하여 품질, 안전, 보안 등 전 영역에서 기본과 원칙을 준수하고 고객의 신뢰를 완전히 회복하기 위한 노력을
Speaker #3: It is my first time to greet investors and shareholders as CFO. I wish you a Happy New Year, and I also wish all of you good health and happiness in the New Year.
Jong Suk Park: 2025년은 SK텔레콤이 AI의 전방위 확대와 AI 사업 수익화를 최우선 과제로 삼고, 본원적 경영의 강화 및 신성장 동력 기반 확보를 위해 많은 노력을 기울인 한 해였습니다.
Jong Suk Park: 2025년은 SK텔레콤이 AI의 전방위 확대와 AI 사업 수익화를 최우선 과제로 삼고, 본원적 경영의 강화 및 신성장 동력 기반 확보를 위해 많은 노력을 기울인 한 해였습니다.
Speaker #2: SK Telecom. Q3. The...
Speaker #2: 기울이겠습니다. In 2025, our
[Company Representative] (SK Telecom): In 2025, SK Telecom put priority on expanding operational improvements across the company and monetizing AI business, and made strenuous efforts to strengthen fundamental business competitiveness and secure a foundation for new growth drivers.
[Company Representative] (SK Telecom): In 2025, SK Telecom put priority on expanding operational improvements across the company and monetizing AI business, and made strenuous efforts to strengthen fundamental business competitiveness and secure a foundation for new growth drivers.
Speaker #1: M&O business focused on addressing changes to the business environment caused by the cybersecurity incident. In 2026, with our priority on customer value innovation, we will strive to adhere to fundamental principles and standards in all areas, including quality, safety, and security, and to fully regain our customers'
Speaker #3: In 2025, SK Telecom put priority on expanding improvements across operations within the company and monetizing AI business, and made strenuous efforts to strengthen fundamentals and secure a business foundation for competitiveness and new growth drivers.
Jong Suk Park: 하지만 사이버 침해 사고와 관련된 일련의 사태를 겪으며, 업의 본질인 고객 가치를 이해하고 이를 혁신해 가는 것이야말로 지속 가능한 미래의 전제조건임을 깨닫고 반성하는 시간이기도 했습니다.
Jong Suk Park: 하지만 사이버 침해 사고와 관련된 일련의 사태를 겪으며, 업의 본질인 고객 가치를 이해하고 이를 혁신해 가는 것이야말로 지속 가능한 미래의 전제조건임을 깨닫고 반성하는 시간이기도 했습니다.
Speaker #1: trust.
Speaker #2: 상품과 채널 재정비, 고객 생애 가치 중심의 오퍼레이션 최적화 등을
Speaker #2: Of . The .
Speaker #2: 실행해 본원적 경쟁력을 회복하며 고객 관점에서 진정한 1등 사업자로 거듭날 수 있도록 최선을 다하겠습니다. 이를 통해 재무 실적 또한 예년 수준으로 회복할 수 있도록 최선을
[Company Representative] (SK Telecom): However, the cybersecurity incident and its subsequent developments also led us to a period of careful reflection, realizing that understanding and innovating on customer value, which is the essence of our business, is a prerequisite for a sustainable future.
[Company Representative] (SK Telecom): However, the cybersecurity incident and its subsequent developments also led us to a period of careful reflection, realizing that understanding and innovating on customer value, which is the essence of our business, is a prerequisite for a sustainable future.
Speaker #3: However, the cybersecurity incident and its subsequent developments also led us to a period of careful reflection. Realizing that understanding and innovating on customer value, which is the essence of our business, is a prerequisite for a sustainable future.
Speaker #2: 다하겠습니다. We aim to improve our products
Speaker #1: and channels and achieve operational optimization centered on customer lifetime value, to regain fundamental business competitiveness, and become the number one service provider from the customer's perspective.
Jong Suk Park: 고객의 신뢰 속에 단단한 내실을 갖춘 SK텔레콤이 될 수 있도록 최선을 다하겠습니다.
Jong Suk Park: 고객의 신뢰 속에 단단한 내실을 갖춘 SK텔레콤이 될 수 있도록 최선을 다하겠습니다.
[Company Representative] (SK Telecom): We will do our utmost to build SK Telecom with strong fundamentals, grounded in the trust of our customers.
[Company Representative] (SK Telecom): We will do our utmost to build SK Telecom with strong fundamentals, grounded in the trust of our customers.
Speaker #1: Through this, we will also ensure that our financial performance recovers to previous levels.
Speaker #2: And SK Telecom
Speaker #3: We will do our utmost
Jong Suk Park: 그럼 이제 2025년 연간 재무실적을 말씀드리겠습니다.
Jong Suk Park: 그럼 이제 2025년 연간 재무실적을 말씀드리겠습니다.
Speaker #3: Build SK Telecom with strong fundamentals grounded in the trust of our customers. Let me now report on the financial results for fiscal year 2025.
Speaker #2: AI 사업은 25년 새로운 성장 동력의 기반을 다지는 데 집중했다면, 올해부터는 잘할 수 있는 영역을 중심으로 선택과 집중해 실질적 성과를 만들어 갈
[Company Representative] (SK Telecom): Let me now report on the financial results for fiscal year 2025.
[Company Representative] (SK Telecom): Let me now report on the financial results for fiscal year 2025.
Jong Suk Park: 매출은 전년 대비 4.7% 감소한 17조 9,992억 원을 기록했습니다. 자회사 매각과 사이버 침해 사고로 인한 가입자 감소 및 요금 감면 등을 포함한 책임과 약속 프로그램의 실행이 영향을 주었습니다.
Jong Suk Park: 매출은 전년 대비 4.7% 감소한 17조 9,992억 원을 기록했습니다. 자회사 매각과 사이버 침해 사고로 인한 가입자 감소 및 요금 감면 등을 포함한 책임과 약속 프로그램의 실행이 영향을 주었습니다.
Speaker #2: 계획입니다. For AI
Speaker #1: business, we focused on solidifying a foundation for new growth in 2025. Starting this year, we plan to concentrate on areas where we excel to achieve tangible results.
Speaker #1: business, we focused on solidifying a foundation for new growth in 2025. Starting this year, we plan to concentrate on areas where we excel to achieve tangible
[Company Representative] (SK Telecom): Consolidated revenue posted ₩17.099 trillion, down 4.7% year-on-year due to sales of subsidiaries, net decline in subscribers following the cybersecurity incident, and implementation of the accountability and commitment program, including tariff discounts.
[Company Representative] (SK Telecom): Consolidated revenue posted ₩17.099 trillion, down 4.7% year-on-year due to sales of subsidiaries, net decline in subscribers following the cybersecurity incident, and implementation of the accountability and commitment program, including tariff discounts.
Speaker #2: 25년 AI 데이터 센터 매출은 가산과 양주 데이터 센터의 가동률 상승과 판교 데이터 센터 인수 등의 힘입어 두 자릿수의 성장세를 이어갔습니다. 울산 AI 데이터 센터는 작년 9월 이후 순조롭게 구축 중이며, 올해는 서울 지역 추가 데이터 센터 등을 통해 스케일업하는 등 적극적으로 사업 확장 기회를 발굴해 성장을 가속화할 계획입니다.
Speaker #2: The .
Speaker #3: Consolidated revenue posted 17,000,000,000,099.2 billion won, down year-on-year due to sales declining 4.7% year-on-year at subsidiaries. This was mainly due to a net decline in subscribers following the cybersecurity incident and the Accountability and Commitment program, including tariff implementation of discounts.
Jong Suk Park: 영업이익은 전년 대비 41.1% 감소한 1조 7,320억 원입니다. 매출 감소 영향과 유심 교체 등 사이버 침해 사고 관련 비용, 그리고 연말 사업 재정비 과정에서 발생한 비용 등이 주된 원인으로 작용했습니다.
Jong Suk Park: 영업이익은 전년 대비 41.1% 감소한 1조 7,320억 원입니다. 매출 감소 영향과 유심 교체 등 사이버 침해 사고 관련 비용, 그리고 연말 사업 재정비 과정에서 발생한 비용 등이 주된 원인으로 작용했습니다.
Speaker #1: In 2025, AIDC revenue continued a two-digit growth trend thanks to the increase in utilization rates of KASAN and Yangju data centers and the acquisition of Pangyo data center.
[Company Representative] (SK Telecom): Operating income reported ₩1.073 trillion, down 41.1% year-over-year on the back of the decline in revenue, costs related to the cybersecurity incident, including using replacements and costs incurred during business restructuring at the end of 2025.
[Company Representative] (SK Telecom): Operating income reported ₩1.073 trillion, down 41.1% year-over-year on the back of the decline in revenue, costs related to the cybersecurity incident, including using replacements and costs incurred during business restructuring at the end of 2025.
Speaker #2: Cyber .
Speaker #1: Also, construction of Ulsan AIDC has been underway since September last year. This year, we aim to accelerate growth by actively developing business expansion opportunities through business scale-up with an additional data center in the Seoul metropolitan region.
Speaker #3: Operating income reported at 1,000,000,000,073.2 billion won, down 41.1% year over year, on the back of a decline in revenue, costs related to the cybersecurity incident, replacements including USIM costs, and expenses incurred during business restructuring at the end of 2025.
Jong Suk Park: 당기순이익은 전년 대비 73% 감소한 3,751억 원입니다. 사이버 침해 사고 관련한 과징금 납부 등의 영향입니다.
Jong Suk Park: 당기순이익은 전년 대비 73% 감소한 3,751억 원입니다. 사이버 침해 사고 관련한 과징금 납부 등의 영향입니다.
Speaker #2: 데이터 센터 사업과의 시너지 차원에서 출발한 AI 데이터 센터 솔루션 사업도 자체 개발과 외부 협력 등을 통해 새로운 가능성을 25년도의 시작한 해저 케이블 사업 또한 추가적인 확장을 통해 사업의 스케일을 지속 확대시켜 나갈
Speaker #2: Percent . Cyber .
[Company Representative] (SK Telecom): Net income came in at ₩375.1 billion, down 73% year-over-year, mainly due to penalty payments arising from the cybersecurity incident.
[Company Representative] (SK Telecom): Net income came in at ₩375.1 billion, down 73% year-over-year, mainly due to penalty payments arising from the cybersecurity incident.
Speaker #2: 계획입니다. We
Speaker #3: Net income came in at ₩375.1 billion, down 73% year over year, mainly due to penalty payments arising from the cybersecurity incident.
Speaker #1: plan to create new possibilities through in-house development and external partnerships for the AIDC solution business, which was launched to create synergies with AIDC business.
Jong Suk Park: 다음으로 주주 환원에 대해 말씀드리겠습니다.
Jong Suk Park: 다음으로 주주 환원에 대해 말씀드리겠습니다.
[Company Representative] (SK Telecom): Let me report on shareholder return.
[Company Representative] (SK Telecom): Let me report on shareholder return.
Jong Suk Park: 지난 사분기에도 사이버 침해 사고로 인한 재무적인 영향이 지속되었고, 사업 포트폴리오를 정비하는 과정에서도 상당한 비용이 발생하면서 당사는 기말 배당을 실행하지 않기로 하였습니다.
Jong Suk Park: 지난 사분기에도 사이버 침해 사고로 인한 재무적인 영향이 지속되었고, 사업 포트폴리오를 정비하는 과정에서도 상당한 비용이 발생하면서 당사는 기말 배당을 실행하지 않기로 하였습니다.
Speaker #1: Also, we will scale up the undersea cable business initiated in 2025.
Speaker #3: Let me report on shareholder return.
Speaker #3: Let me report on shareholder return. Cyber
Speaker #2: 그 외 에이전트 사업과 B2B AI 사업은 효율성과 생산성을 높여 실질적인 성과 창출에 집중할 계획이며, 2단계에 진출한 독자 AI 파운데이션 모델 프로젝트를 통해서는 다양한 사업에 우선적으로 참여하는 기회를 확보하겠습니다.
Speaker #2: . Portfolio . The .
[Company Representative] (SK Telecom): The financial impact of the cybersecurity incident persisted into the fourth quarter, and substantial costs were incurred in the process of business portfolio restructuring. As a result, the company decided not to pay out quarterly dividend for the fourth quarter.
[Company Representative] (SK Telecom): The financial impact of the cybersecurity incident persisted into the fourth quarter, and substantial costs were incurred in the process of business portfolio restructuring. As a result, the company decided not to pay out quarterly dividend for the fourth quarter.
Speaker #3: The financial impact of the cybersecurity incident persisted into the fourth quarter. And substantial were the process of costs the business incurred for restructuring. As a result, the company decided not to pay out a dividend for the fourth quarter.
Speaker #1: Furthermore, we aim to enhance efficiency and productivity of AI agent business and B2B AI business to produce meaningful outcomes. We plan to secure preferential Opportunities to participate in various projects through our own AI Foundation Model project , which is in its second phase .
Jong Suk Park: 이에 따라, 2025년 배당금은 기지급된 분기 배당금을 포함해 주당 ₩1,660으로 이사회에서 의결하였으며, 3월 정기 주총의 승인을 거쳐 최종 확정될 예정입니다. 올해에는 실적 정상화를 통해 배당 수준을 회복할 수 있도록 최선을 다하겠습니다.
Jong Suk Park: 이에 따라, 2025년 배당금은 기지급된 분기 배당금을 포함해 주당 ₩1,660으로 이사회에서 의결하였으며, 3월 정기 주총의 승인을 거쳐 최종 확정될 예정입니다. 올해에는 실적 정상화를 통해 배당 수준을 회복할 수 있도록 최선을 다하겠습니다.
Speaker #1: In its second phase .
[Company Representative] (SK Telecom): Accordingly, the board of directors resolved to set the DPS for fiscal year 2025 at $1,661, including the quarterly dividends already paid, which will be finalized after being approved at the annual general shareholders meeting in March. We will strive to restore our financial performance to return to previous dividend payout levels.
[Company Representative] (SK Telecom): Accordingly, the board of directors resolved to set the DPS for fiscal year 2025 at $1,661, including the quarterly dividends already paid, which will be finalized after being approved at the annual general shareholders meeting in March. We will strive to restore our financial performance to return to previous dividend payout levels.
Speaker #2: Or . The .
Speaker #2: Data Center AI . AI .
Speaker #3: Accordingly, the board of directors resolved to set the DPS for fiscal year 2025 at 1,661, including the dividends already paid, which quarterly will be finalized after being approved at the general shareholders meeting in annual March.
Speaker #1: SK is determined to Telecom improve Moe's business fundamentals by strengthening core competitiveness in all business areas . Centered on customer value , restore and to profitability by producing AI business results driven by AI data centers .
Jong Suk Park: 다음으로 통신 사업과 AI 사업의 현황과 방향에 대해 말씀드리겠습니다.
Jong Suk Park: 다음으로 통신 사업과 AI 사업의 현황과 방향에 대해 말씀드리겠습니다.
Speaker #3: We will strive to restore our financial performance, to return to previous dividend payout levels.
[Company Representative] (SK Telecom): Next, let me report on the current status and future directions of our telecom business and AI business.
[Company Representative] (SK Telecom): Next, let me report on the current status and future directions of our telecom business and AI business.
Speaker #2: We are . SK Telecom analyst .
Speaker #2: AI . .
Speaker #2: The Next .
Jong Suk Park: 2025년 통신 사업은 사이버 침해 사고로 변화된 경영 환경에 대응하는 데 집중하였습니다. 올해에는 고객 가치 혁신을 최우선으로 하여 품질, 안전, 보안 등 전 영역에서 기본과 원칙을 준수하고, 고객의 신뢰를 완전히 회복하기 위한 노력을 기울이겠습니다.
Jong Suk Park: 2025년 통신 사업은 사이버 침해 사고로 변화된 경영 환경에 대응하는 데 집중하였습니다. 올해에는 고객 가치 혁신을 최우선으로 하여 품질, 안전, 보안 등 전 영역에서 기본과 원칙을 준수하고, 고객의 신뢰를 완전히 회복하기 위한 노력을 기울이겠습니다.
Speaker #3: Let me discuss the future status and our directions for business telecom and AI.
Speaker #3: me report on the current
Speaker #1: for the We ask continued support and interest of our investors and analysts as we turn this work to crisis into an opportunity to restore our customers trust .
Speaker #2: Cyber .
Speaker #1: Thank you
[Company Representative] (SK Telecom): In 2025, our MNO business focused on addressing changes to the business environment caused by the cybersecurity incident. In 2026, with our priority on customer value innovation, we will strive to adhere to fundamental principles and standards in all areas, including quality, safety, and security, and to fully regain our customers' trust.
[Company Representative] (SK Telecom): In 2025, our MNO business focused on addressing changes to the business environment caused by the cybersecurity incident. In 2026, with our priority on customer value innovation, we will strive to adhere to fundamental principles and standards in all areas, including quality, safety, and security, and to fully regain our customers' trust.
Speaker #1: would like .
Speaker #1: Q&A . For to begin Now , we the session
Speaker #3: In 2025 , business focused on addressing changes to the business environment caused by the cybersecurity incident . In 2026 . With our priority on our customer value innovation , we will strive to adhere to fundamental principles and standards in all areas , including quality , safety and security , and to fully regain our customers trust .
Speaker #3: The . An the .
Speaker #4: Now Q&A session will begin . Please press star one that is star and one if you have any questions . Questions will be taken to the according order you have pressed .
Jong Suk Park: 상품과 채널 재정비, 고객 생애 가치 중심의 오퍼레이션 최적화 등을 실행해 본원적 경쟁력을 회복하며, 고객 관점에서 진정한 일등 사업자로 거듭날 수 있도록 최선을 다하겠습니다. 이를 통해 재무 실적 또한 예년 수준으로 회복할 수 있도록 최선을 다하겠습니다.
Jong Suk Park: 상품과 채널 재정비, 고객 생애 가치 중심의 오퍼레이션 최적화 등을 실행해 본원적 경쟁력을 회복하며, 고객 관점에서 진정한 일등 사업자로 거듭날 수 있도록 최선을 다하겠습니다. 이를 통해 재무 실적 또한 예년 수준으로 회복할 수 있도록 최선을 다하겠습니다.
Speaker #4: The number star one for cancellation . Please press star two . That is star and two on your phone .
Speaker #2: By operation .
[Company Representative] (SK Telecom): We aim to improve our products and channels and achieve operational optimization centered on customer lifetime value, to regain fundamental business competitiveness and become the number one service provider from the customer's perspective. Through this, we will also ensure that our financial performance recovers to previous levels.
[Company Representative] (SK Telecom): We aim to improve our products and channels and achieve operational optimization centered on customer lifetime value, to regain fundamental business competitiveness and become the number one service provider from the customer's perspective. Through this, we will also ensure that our financial performance recovers to previous levels.
Speaker #3: Now . For
Speaker #3: .
Speaker #4: provided by first question will The be Jae-min Ahn from NH investment and Securities . Please go ahead with your question .
Speaker #3: We aim to improve our products and channels, and achieve operational optimization centered on customer value. To regain lifetime fundamental business competitiveness and become the number one service provider from the customer's perspective.
Jong Suk Park: AI 사업은 2025년 새로운 성장 동력의 기반을 다지는 데 집중했다면, 올해부터는 잘할 수 있는 영역을 중심으로 선택과 집중해 실질적 성과를 만들어갈 계획입니다.
Jong Suk Park: AI 사업은 2025년 새로운 성장 동력의 기반을 다지는 데 집중했다면, 올해부터는 잘할 수 있는 영역을 중심으로 선택과 집중해 실질적 성과를 만들어갈 계획입니다.
Speaker #3: Through this, we will also ensure that our financial performance recovers to previous levels.
Speaker #2: AI .
[Company Representative] (SK Telecom): For AI business, we focused on solidifying a foundation for new growth in 2025. Starting this year, we plan to concentrate on areas where we excel to achieve tangible results.
[Company Representative] (SK Telecom): For AI business, we focused on solidifying a foundation for new growth in 2025. Starting this year, we plan to concentrate on areas where we excel to achieve tangible results.
Speaker #3: AI for business, we focused on solidifying a foundation for new growth in 2025. Starting this year, we plan to concentrate on areas where we excel to achieve tangible results.
Jong Suk Park: 2025년 AI 데이터센터 매출은 가산과 양주 데이터센터의 가동률 상승과 판교 데이터센터 인수 등에 힘입어 두 자릿수의 성장세를 이어갔습니다. 울산 AI 데이터센터는 작년 9월 이후 순조롭게 구축 중이며, 올해는 서울 지역 추가 데이터센터 등을 통해 스케일업하는 등 적극적으로 사업 확장 기회를 발굴해 성장을 가속화할 계획입니다.
Jong Suk Park: 2025년 AI 데이터센터 매출은 가산과 양주 데이터센터의 가동률 상승과 판교 데이터센터 인수 등에 힘입어 두 자릿수의 성장세를 이어갔습니다. 울산 AI 데이터센터는 작년 9월 이후 순조롭게 구축 중이며, 올해는 서울 지역 추가 데이터센터 등을 통해 스케일업하는 등 적극적으로 사업 확장 기회를 발굴해 성장을 가속화할 계획입니다.
Speaker #2: AI data center. Data center and data center. AI and data center. Data center.
Speaker #1: from NH Investment and Securities I'm Andrew . Thank you for giving me this opportunity to ask you questions . I can see that we now have new CFO COO well as , as Iro .
Speaker #1: So there are new to members your the management . believe And I that the market has high upon this change . And so congratulations to you .
[Company Representative] (SK Telecom): In 2025, AIDC revenue continued a two-digit growth trend, thanks to the increase in utilization rates of Kasan and Yangju data centers and the acquisition of Pangyo Data Center. Also, construction of Ulsan AIDC has been underway since September last year. This year, we aim to accelerate growth by actively developing business expansion opportunities through business scale-up with an additional data center in the Seoul Metropolitan region.
[Company Representative] (SK Telecom): In 2025, AIDC revenue continued a two-digit growth trend, thanks to the increase in utilization rates of Kasan and Yangju data centers and the acquisition of Pangyo Data Center. Also, construction of Ulsan AIDC has been underway since September last year. This year, we aim to accelerate growth by actively developing business expansion opportunities through business scale-up with an additional data center in the Seoul Metropolitan region.
Speaker #1: all of And I hope that there will be results coming from this management this year . I'd like to ask you two questions .
Speaker #3: IDC revenue continued a double-digit growth trend thanks to the increase in utilization rates of Kazan and Yangju data centers and the acquisition of the Pangyo data center.
Speaker #1: first question is that we would like to get some color on our dividend policy for 2026 . Last year , due to some sluggish business performance , the size of the dividend payout to shareholders was reduced .
Speaker #3: Also , construction of Ulsan IDC has been underway since September last year . This year , we aim to accelerate growth by actively developing business expansion opportunities through business scale up , with additional an data center in the Seoul Metropolitan Region .
Speaker #1: what can we expect in dividend 2026 , as terms of well as the possibility of earnings normalization ? And my has to do with the overall directions strategic and priorities second question for the new management this coming year .
Jong Suk Park: 데이터센터 사업과의 시너지 차원에서 출발한 AI 데이터센터 솔루션 사업도 자체 개발과 외부 협력 등을 통해 새로운 가능성을 만들어 나갈 계획이며, 2025년도에 시작한 해저 케이블 사업 또한 추가적인 확장을 통해 사업의 스케일을 지속 확대시켜 나갈 계획입니다.
Jong Suk Park: 데이터센터 사업과의 시너지 차원에서 출발한 AI 데이터센터 솔루션 사업도 자체 개발과 외부 협력 등을 통해 새로운 가능성을 만들어 나갈 계획이며, 2025년도에 시작한 해저 케이블 사업 또한 추가적인 확장을 통해 사업의 스케일을 지속 확대시켜 나갈 계획입니다.
Speaker #2: Data center and AI data center solutions. Can one—
Speaker #1: Thank you .
Speaker #2: Mr. .
[Company Representative] (SK Telecom): We plan to create new possibilities through in-house development and external partnerships for the AIDC solution business, which was launched to create synergies with AIDC business. Also, we will scale up the undersea cable business initiated in 2025.
[Company Representative] (SK Telecom): We plan to create new possibilities through in-house development and external partnerships for the AIDC solution business, which was launched to create synergies with AIDC business. Also, we will scale up the undersea cable business initiated in 2025.
Speaker #1: you for your Thank First , questions . I'd like to answer your question on this year's earnings outlook , as well as dividend payout direction .
Speaker #3: We plan to create new possibilities through in-house development and external partnerships for the IDC solution business, which was launched to create synergies with the IDC business.
Speaker #2: I'll go in the . AI . Media
Jong Suk Park: 그 외 에이전트 사업과 B2B AI 사업은 효율성과 생산성을 높여 실질적인 성과 창출에 집중할 계획이며, 2단계에 진출한 독자 AI 파운데이션 모델 프로젝트를 통해서는 다양한 사업에 우선적으로 참여하는 기회를 확보하겠습니다.
Jong Suk Park: 그 외 에이전트 사업과 B2B AI 사업은 효율성과 생산성을 높여 실질적인 성과 창출에 집중할 계획이며, 2단계에 진출한 독자 AI 파운데이션 모델 프로젝트를 통해서는 다양한 사업에 우선적으로 참여하는 기회를 확보하겠습니다.
Speaker #3: Also, we will scale up the undersea cable business initiated in 2025.
Speaker #2: Agents of B2B , AI . And AI Foundation model projects . To . .
[Company Representative] (SK Telecom): Furthermore, we aim to enhance efficiency and productivity of AI agent business and B2B AI business to produce meaningful outcomes. We plan to secure preferential opportunities to participate in various projects through our own AI foundation model project, which is in its second phase.
[Company Representative] (SK Telecom): Furthermore, we aim to enhance efficiency and productivity of AI agent business and B2B AI business to produce meaningful outcomes. We plan to secure preferential opportunities to participate in various projects through our own AI foundation model project, which is in its second phase.
Speaker #1: to of all ,
Speaker #1: comment . First on 2025 earnings performance , I many people would like to know whether we understand that can return to the previous incident earnings levels due to sales of certain non-core and decline in subsidiaries no subscribers revenue did not recover to the 2024 levels .
Speaker #3: Furthermore, we aim to enhance efficiency and productivity of the AI agent business and B2B AI business to produce meaningful outcomes. We plan to secure preferential opportunities to participate in various projects through our own Foundation AI model project, which is in its second phase.
Jong Suk Park: 회사는 사업 전반에서 고객 가치를 중심으로 본원적 경쟁력을 강화해 MNO 체질을 개선하고, 동시에 AI 데이터센터를 중심으로 한 AI 사업 성과를 통해 수익성을 회복할 수 있도록 최선을 다하겠습니다.
Jong Suk Park: 회사는 사업 전반에서 고객 가치를 중심으로 본원적 경쟁력을 강화해 MNO 체질을 개선하고, 동시에 AI 데이터센터를 중심으로 한 AI 사업 성과를 통해 수익성을 회복할 수 있도록 최선을 다하겠습니다.
Speaker #1: However , terms of operating in income , we aim to the to 2024 level as much as possible by improving profitability of the telecom business and improving the self-sustainability of the business AI .
[Company Representative] (SK Telecom): SK Telecom is determined to improve MNO's business fundamentals by strengthening core competitiveness in all business areas centered on customer value, and to restore profitability by producing AI business results driven by AI data centers.
[Company Representative] (SK Telecom): SK Telecom is determined to improve MNO's business fundamentals by strengthening core competitiveness in all business areas centered on customer value, and to restore profitability by producing AI business results driven by AI data centers.
Speaker #2: AI Center and AI Data.
Speaker #2: Marketing network of AI . AI . In the data center . The .
Speaker #3: SK Telecom is determined to improve business fundamentals by strengthening core competitiveness in all value producing AI by areas centers profitability , and to business driven restore centered on business results .
Jong Suk Park: 위기를 기회로 삼아 고객의 자부심으로 재도약하기 위해 노력하고 있는 SK텔레콤에게 투자자와 애널리스트 여러분의 지속적인 관심을 부탁드리겠습니다. 감사합니다.
Jong Suk Park: 위기를 기회로 삼아 고객의 자부심으로 재도약하기 위해 노력하고 있는 SK텔레콤에게 투자자와 애널리스트 여러분의 지속적인 관심을 부탁드리겠습니다. 감사합니다.
Speaker #3: data by customer
Speaker #1: We will utilize AI across the telecom business , including marketing and network , to boost improved productivity and profitability . Also , we plan to focus on striking a balance between cost and benefit when it comes to subscriber acquisition .
[Company Representative] (SK Telecom): We ask for the continued support and interest of our investors and analysts as we work to turn this crisis into an opportunity to restore our customers' trust. Thank you.
[Company Representative] (SK Telecom): We ask for the continued support and interest of our investors and analysts as we work to turn this crisis into an opportunity to restore our customers' trust. Thank you.
Speaker #2: SK Telecom analyst .
Speaker #3: We ask for the continued interest and support of our analysts and investors as we work to turn this crisis into an opportunity to restore our customers' trust.
Operator: 이제 질의응답을 시작하도록 하겠습니다.
Operator: 이제 질의응답을 시작하도록 하겠습니다.
Speaker #1: For AI business , we plan to continue areas where we can make meaningful earnings contribution . focus on particular , In we will pursue meaningful expansion of data center business to create new revenue streams and improve profitability through economies of scale .
[Company Representative] (SK Telecom): Now we would like to begin the Q&A session.
[Company Representative] (SK Telecom): Now we would like to begin the Q&A session.
Speaker #3: Thank you .
Operator: 지금부터 질의응답을 시작하겠습니다. 질문을 하실 분은 전화기 버튼에 별표와 1번을 누르시기 바랍니다. 질문을 취소하시려면 별표와 2번을 누르시면 됩니다.
Operator: 지금부터 질의응답을 시작하겠습니다. 질문을 하실 분은 전화기 버튼에 별표와 1번을 누르시기 바랍니다. 질문을 취소하시려면 별표와 2번을 누르시면 됩니다.
Speaker #2: For
Speaker #3: would like to Now , we begin the Q&A session .
Speaker #4: The . The .
Operator: 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.
Operator: 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.
Speaker #1: Now , let me comment on the dividend payout in connection to earnings expectation .
Speaker #1: Now the 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 in which you have pressed.
Speaker #1: The number star cancellation . Please one for press star two . That is star and two on your phone .
Operator: 처음으로 질문해 주실 분은 NH투자증권의 안재민 님입니다.
Operator: 처음으로 질문해 주실 분은 NH투자증권의 안재민 님입니다.
Speaker #2: Portfolio . The .
Operator: The first question will be provided by Jamie Ahn from NH Investment and Securities. Please go ahead with your question.
Operator: The first question will be provided by Jamie Ahn from NH Investment and Securities. Please go ahead with your question.
Speaker #4: Now .
Speaker #1: The first question will be provided by Jamie Nan from NH Investment & Securities. Please go ahead with your question.
Speaker #1: all , we First of sincerely apologize to our shareholders for not able to being pay the year yearly and end dividend in the fourth quarter .
Jae Min Ahn: 안녕하세요, 질문 기회 주셔서 감사합니다. 먼저 CEO, CFO, 그리고 IR 실장님까지 새롭게 변화가 있으셨고, 거기에 시장에서 많이 기대를 하는 것 같습니다. 다시 한번 축하드리고, 저희도 잘 부탁드리겠다는 말씀 드리고 싶습니다. 질문 두 가지 드리려고 하고요. 첫 번째는 일단 2026년에 대한 배당이 가장 궁금합니다. 작년에 실적 부진으로 인해서 배당을 많이 못 주셨는데, 올해는 배당 회복을 어느 정도 저희가 기대를 할 수 있는지, 그리고 이제 실적 정상화와 이게 같이 해서 말씀해 주시면 감사하겠습니다. 두 번째는 신임 경영진이 가장 중점을 두고 있는 전략 방향성에 대해서 궁금합니다. 두 가지 질문입니다.
Jae-min Ahn: 안녕하세요, 질문 기회 주셔서 감사합니다. 먼저 CEO, CFO, 그리고 IR 실장님까지 새롭게 변화가 있으셨고, 거기에 시장에서 많이 기대를 하는 것 같습니다. 다시 한번 축하드리고, 저희도 잘 부탁드리겠다는 말씀 드리고 싶습니다. 질문 두 가지 드리려고 하고요. 첫 번째는 일단 2026년에 대한 배당이 가장 궁금합니다. 작년에 실적 부진으로 인해서 배당을 많이 못 주셨는데, 올해는 배당 회복을 어느 정도 저희가 기대를 할 수 있는지, 그리고 이제 실적 정상화와 이게 같이 해서 말씀해 주시면 감사하겠습니다. 두 번째는 신임 경영진이 가장 중점을 두고 있는 전략 방향성에 대해서 궁금합니다. 두 가지 질문입니다.
Speaker #1: Following the third quarter , the cybersecurity incident has had direct financial impact and one off costs were incurred in the process of restructuring our portfolio and organization .
Speaker #1: In 2025 . Please understand that we had to reduce the size of the annual dividend payout for these reasons .
Speaker #2: Although . The .
Speaker #1: number Our one priority in 2026 is to restore through the earnings measures that I mentioned earlier . And we will do our best to return previous the dividend payout levels .
[Company Representative] (SK Telecom): I'm Anja Min from NH Investment and Securities. Thank you for giving me this opportunity to ask you questions. I can see that we now have new CFO, COO, as well as IRO, so there are new members to your management, and I believe that the market has high expectations upon this change. Congratulations to all of you, and I hope that there will be good results coming from this management this year. I'd like to ask you two questions. The first question is that we would like to get some color on our dividend policy for 2026. Last year, due to some sluggish business performance, the size of the dividend payout to shareholders was reduced. What can we expect in terms of dividend payout for 2026, as well as the possibility of earnings normalization? My second question has to do with the overall strategic directions and priorities for the new management this coming year. Thank you.
[Company Representative] (SK Telecom): I'm Anja Min from NH Investment and Securities. Thank you for giving me this opportunity to ask you questions. I can see that we now have new CFO, COO, as well as IRO, so there are new members to your management, and I believe that the market has high expectations upon this change. Congratulations to all of you, and I hope that there will be good results coming from this management this year. I'd like to ask you two questions. The first question is that we would like to get some color on our dividend policy for 2026. Last year, due to some sluggish business performance, the size of the dividend payout to shareholders was reduced. What can we expect in terms of dividend payout for 2026, as well as the possibility of earnings normalization? My second question has to do with the overall strategic directions and priorities for the new management this coming year. Thank you.
Speaker #3: from I am NH Investment and Securities . Thank you for giving me this opportunity you to ask questions . see that we I can now have new CFO , COO as well as Aro .
Speaker #1: We will also consider other measures to increase shareholder value , such as tax free dividend , to restore the trust of our shareholders and investors , and ensure that SK Telecom is a company that people want to invest in .
Speaker #3: So now there is new management. And I believe that the market has high expectations upon this change. And so, congratulations to all of you, and I hope that there will be good results coming from this management this year.
Speaker #2: Capital allocation is .
Speaker #3: I'd like to ask you two questions. The first question is that we'd like to get some color on our dividend policy for 2026. Last year, due to sluggish business performance, the size of the dividend payout to shareholders was reduced.
Speaker #1: More details will be discussed at the board in consideration of business performance , financial positions and funds for growth investments to achieve a balance in overall capital allocation .
Speaker #3: So, what can we expect in terms of dividend payout for 2026, as well as the possibility of earnings normalization? And my second question has to do with the overall strategic directions and priorities for the new management.
Speaker #2: To .
Speaker #1: Now , I'd like to comment on the key strategic priorities for the management .
Jong Suk Park: 질문 감사드립니다. 먼저 올해 실적 전망과 배당 방향성에 대해 답변드리겠습니다.
Jong Suk Park: 질문 감사드립니다. 먼저 올해 실적 전망과 배당 방향성에 대해 답변드리겠습니다.
Speaker #3: This coming year. Thank you.
Speaker #2: Telecom SK model AI . The . .
[Company Representative] (SK Telecom): Thank you for your questions. First, I'd like to answer your question on this year's earnings outlook, as well as dividend payout direction.
[Company Representative] (SK Telecom): Thank you for your questions. First, I'd like to answer your question on this year's earnings outlook, as well as dividend payout direction.
Speaker #2: For .
Speaker #3: Thank you for your questions. First, I'd like to answer your question on this year's earnings outlook, as well as the dividend payout direction.
Speaker #1: So our priority for this year is to strengthen practical and substantial competitiveness in both telecom and AI for this business . And we plan to pursue three main strategic directions .
Jong Suk Park: 우선 올해 실적에 대해서는 많은 분들이 사고 전 수준의 실적을 회복하는지를 궁금해하시는 것으로 알고 있는데, 매출은 일부 비핵심 자회사 매각과 무선 가입자 감소 영향으로 사고 전의 2022년 수준에는 미치지 못할 것으로 예상됩니다. 다만, 영업이익 측면에서는 통신 사업의 수익성 회복과 AI 사업의 자생력 확보에 집중하여 2022년에 근접하는 수준을 만들 수 있도록 노력하고자 합니다.
Jong Suk Park: 우선 올해 실적에 대해서는 많은 분들이 사고 전 수준의 실적을 회복하는지를 궁금해하시는 것으로 알고 있는데, 매출은 일부 비핵심 자회사 매각과 무선 가입자 감소 영향으로 사고 전의 2022년 수준에는 미치지 못할 것으로 예상됩니다. 다만, 영업이익 측면에서는 통신 사업의 수익성 회복과 AI 사업의 자생력 확보에 집중하여 2022년에 근접하는 수준을 만들 수 있도록 노력하고자 합니다.
Speaker #2: In the . Media . In 2016 , AI of . The .
Speaker #2: Market leadership . Sang Young membership . Redesign . To .
[Company Representative] (SK Telecom): First of all, to comment on 2025 earnings performance, I understand that many people would like to know whether we can return to the pre-cybersecurity incident earnings levels. Due to sales of certain non-core subsidiaries and decline in MNO subscribers, revenue did not recover to the 2024 levels. However, in terms of operating income, we aim to return to the 2024 level as much as possible by improving profitability of the telecom business and improving the self-sustainability of the AI business.
[Company Representative] (SK Telecom): First of all, to comment on 2025 earnings performance, I understand that many people would like to know whether we can return to the pre-cybersecurity incident earnings levels. Due to sales of certain non-core subsidiaries and decline in MNO subscribers, revenue did not recover to the 2024 levels. However, in terms of operating income, we aim to return to the 2024 level as much as possible by improving profitability of the telecom business and improving the self-sustainability of the AI business.
Speaker #3: First of all, to comment on 2025 earnings performance. I understand that many people would like to know whether we return to the pre-cyber incident earnings levels, due to sales of certain non-core subsidiaries and the decline in non-subscriber revenue, which did not recover to 2024 levels.
Speaker #1: First of all market leadership through customer value innovation . We will place priority on customer value , which is the essence of our business based on which we are currently redesigning all elements of our including to channels business , telecom memberships and products , offer real value that customers details more will share in the want .
Speaker #3: In terms of operating income, however, we aim to return to the 2024 level as much as possible by improving profitability of the telecom business and AI business, and by improving the self-sustainability of the business.
Speaker #1: future We .
Speaker #2: AI . Marketing network . I . AI model offering . Network is . AI given the .
Jong Suk Park: 마케팅 네트워크 등 통신 사업 전반을 AI화함으로써 생산성을 향상시키고 수익성을 제고할 것이며, 가입자 회복에 있어서도 비용과 효익의 균형에 집중할 계획입니다. AI 사업 또한 이익에 유의미하게 기여할 수 있도록 선택과 집중을 지속해 나갈 예정인데, 특히 데이터센터 사업은 규모감 있게 확장을 추진하여 새로운 매출을 창출하고, 규모의 경제를 통한 수익성 개선도 함께 만들어 가겠습니다.
Jong Suk Park: 마케팅 네트워크 등 통신 사업 전반을 AI화함으로써 생산성을 향상시키고 수익성을 제고할 것이며, 가입자 회복에 있어서도 비용과 효익의 균형에 집중할 계획입니다. AI 사업 또한 이익에 유의미하게 기여할 수 있도록 선택과 집중을 지속해 나갈 예정인데, 특히 데이터센터 사업은 규모감 있게 확장을 추진하여 새로운 매출을 창출하고, 규모의 경제를 통한 수익성 개선도 함께 만들어 가겠습니다.
Speaker #2: Marketing network AI of . The AI is . In the data center . The .
Speaker #1: Second , we will innovate productivity through access will . We AI in all areas including marketing , network and touchpoints to improve customer experience and boost productivity .
[Company Representative] (SK Telecom): We will utilize AI across the telecom business, including marketing and network, to boost productivity and improve profitability. Also, we plan to focus on striking a balance between cost and benefit when it comes to subscriber acquisition. For AI business, we plan to continue to focus on areas where we can make meaningful earnings contribution. In particular, we will pursue meaningful expansion of data center business to create new revenue streams and improve profitability through economies of scale.
[Company Representative] (SK Telecom): We will utilize AI across the telecom business, including marketing and network, to boost productivity and improve profitability. Also, we plan to focus on striking a balance between cost and benefit when it comes to subscriber acquisition. For AI business, we plan to continue to focus on areas where we can make meaningful earnings contribution. In particular, we will pursue meaningful expansion of data center business to create new revenue streams and improve profitability through economies of scale.
Speaker #3: We will utilize AI across the telecom business , including marketing and network , to boost productivity and improve profitability . Also , we plan to focus on striking a balance when it comes to subscriber acquisition between AI for business , we benefit plan to continue to focus areas on can make where we contribution meaningful in particular , we will pursue meaningful expansion of data center business to create new revenue streams and improve profitability through economies of scale .
Speaker #1: We will advance AI based lifetime value modeling to provide personalized offerings and to use AI to automate network operations , including design , construction and operation .
Speaker #2: AI . Pivoting . To .
Jong Suk Park: 실적과 연계하여 배당에 대해 말씀드리겠습니다.
Jong Suk Park: 실적과 연계하여 배당에 대해 말씀드리겠습니다.
[Company Representative] (SK Telecom): Now, let me comment on the dividend payout outlook in connection to earnings expectation.
[Company Representative] (SK Telecom): Now, let me comment on the dividend payout outlook in connection to earnings expectation.
Speaker #1: Third , we will enhance sustainability of our AI business by focusing on our core strengths . We will pivot according to changing business environment to focus on areas where excel and we improve profitability through cost structure improvement .
Speaker #2: The .
Jong Suk Park: 우선 3분기에 이어 기말 배당도 실시하지 못하게 되어 주주 여러분께 진심으로 송구한 마음입니다. 사이버 침해 사고 관련 직접적인 재무적 영향이 컸고, 2025년 말 사업 포트폴리오와 조직을 정비하는 과정에서 일시적인 비용이 발생하면서 연간 배당 축소가 불가피하였음을 양해하여 주시기 바랍니다.
Jong Suk Park: 우선 3분기에 이어 기말 배당도 실시하지 못하게 되어 주주 여러분께 진심으로 송구한 마음입니다. 사이버 침해 사고 관련 직접적인 재무적 영향이 컸고, 2025년 말 사업 포트폴리오와 조직을 정비하는 과정에서 일시적인 비용이 발생하면서 연간 배당 축소가 불가피하였음을 양해하여 주시기 바랍니다.
Speaker #3: Now, let me comment on the dividend payout outlook in connection to earnings expectation.
Speaker #2: In . data AI center and AI . Center . AI solutions .
Speaker #2: Portfolio is the.
[Company Representative] (SK Telecom): First of all, we sincerely apologize to our shareholders for not being able to pay the yearly and year-end dividend in the fourth quarter following the third quarter. The cybersecurity incident has had direct financial impact, and one-off costs were incurred in the process of restructuring our business portfolio and organization in 2025. Please understand that we had to reduce the size of the annual dividend payout for these reasons.
[Company Representative] (SK Telecom): First of all, we sincerely apologize to our shareholders for not being able to pay the yearly and year-end dividend in the fourth quarter following the third quarter. The cybersecurity incident has had direct financial impact, and one-off costs were incurred in the process of restructuring our business portfolio and organization in 2025. Please understand that we had to reduce the size of the annual dividend payout for these reasons.
Speaker #3: First of all, we sincerely apologize to our shareholders for not being able to pay the early and year-end dividend in the fourth quarter.
Speaker #1: centers are already growth for SK Telecom . We data strong AI driver will quickly build a the Ulsan IDC and add another plan to data center in the Seoul region to scale up the IDC business and create new business models to offer diverse solutions related to IDC .
Speaker #3: Following the third quarter, the cybersecurity incident had a direct financial impact, and one-off costs were incurred in the process of restructuring our business portfolio and organization. Please understand that we had to reduce in 2025.
Jong Suk Park: 2026년은 앞서 말씀드린 노력 등을 통해 실적 정상화를 최우선 목표로 할 예정이며, 아울러 예년 수준의 배당을 시행하기 위한 최선의 노력을 기울일 방침입니다. 주주 및 투자자 신뢰를 회복해 투자하고 싶은 회사가 될 수 있도록 비과세 배당 등 주주 가치 제고를 위한 방안도 함께 검토할 생각입니다.
Jong Suk Park: 2026년은 앞서 말씀드린 노력 등을 통해 실적 정상화를 최우선 목표로 할 예정이며, 아울러 예년 수준의 배당을 시행하기 위한 최선의 노력을 기울일 방침입니다. 주주 및 투자자 신뢰를 회복해 투자하고 싶은 회사가 될 수 있도록 비과세 배당 등 주주 가치 제고를 위한 방안도 함께 검토할 생각입니다.
Speaker #3: the annual payout dividend for these reasons.
Speaker #2: SK Telecom .
Speaker #1: So , to sum up , we will focus on strengthening core business competitiveness in all business on customer , and value demonstrate areas how centered Telecom will make SK another leap forward .
Speaker #2: Although . The . .
[Company Representative] (SK Telecom): Our number one priority in 2026 is to restore earnings through the measures that I mentioned earlier, and we will do our best to return the previous dividend payout levels. We will also consider other measures to increase shareholder value, such as tax-free dividend, to restore the trust of our shareholders and investors, and to ensure that SK Telecom is a company that people want to invest in.
[Company Representative] (SK Telecom): Our number one priority in 2026 is to restore earnings through the measures that I mentioned earlier, and we will do our best to return the previous dividend payout levels. We will also consider other measures to increase shareholder value, such as tax-free dividend, to restore the trust of our shareholders and investors, and to ensure that SK Telecom is a company that people want to invest in.
Speaker #2: To .
Speaker #1: Next please question , .
Speaker #3: Number one, our priority in 2026 is to restore earnings through the measures that I mentioned earlier. And we will do our best to return the dividend payout levels.
Speaker #3: IBK Kim Tae Hyun , the .
Speaker #4: The following question will be presented by Tae-hyun Kim from IBK investment and Securities ahead with . Please go your question .
Speaker #3: We will also consider other measures to increase shareholder value, such as the tax-free size of the dividend, to restore the trust of shareholders and investors, and to ensure that SK is a company that people want to invest in.
Jong Suk Park: 보다 구체적인 내용은 경영 성과 및 재무 안전성, 그리고 성장 투자 이력 등 전체적인 capital allocation의 밸런스를 고려하여 이사회에서 논의할 예정입니다.
Jong Suk Park: 보다 구체적인 내용은 경영 성과 및 재무 안전성, 그리고 성장 투자 이력 등 전체적인 capital allocation의 밸런스를 고려하여 이사회에서 논의할 예정입니다.
Speaker #3: Telecom is a
Speaker #5: Entropy . AI Foundation model project . That .
[Company Representative] (SK Telecom): More details will be discussed at the board in consideration of business performance, financial positions, and funds for growth investments to achieve a balance in overall capital allocation.
[Company Representative] (SK Telecom): More details will be discussed at the board in consideration of business performance, financial positions, and funds for growth investments to achieve a balance in overall capital allocation.
Speaker #2: Capital allocation is .
Speaker #3: More details will be discussed at the board in consideration of business performance, financial positions, and funds for growth investments to achieve overall capital allocation.
Jong Suk Park: 다음으로, 신임 경영진이 가장 중점을 두고 있는 전략 방향성에 대해 말씀드리겠습니다.
Jong Suk Park: 다음으로, 신임 경영진이 가장 중점을 두고 있는 전략 방향성에 대해 말씀드리겠습니다.
Speaker #1: I am Kim Tae Yeon from Ibcc Investment and Securities . Thank you for this opportunity to ask you questions . I would like to ask two questions .
[Company Representative] (SK Telecom): Now, I'd like to comment on the key strategic priorities for the new management. Our priority for this year is to strengthen practical and substantial competitiveness in both telecom and AI business, and for this, we plan to pursue three main strategic directions. First of all, restore market leadership through customer value innovation. We will place priority on customer value, which is the essence of our business, based on which we are currently redesigning all elements of our telecom business, including products, memberships, and channels, to offer real value that customers want. We will share more details in the future. Second, we will innovate business productivity through AX acceleration. We will apply AI in all areas, including marketing, network, and customer touchpoints, to improve customer experience and boost productivity. We will advance AI-based lifetime value modeling to provide personalized offerings and to use AI to automate network operations, including design, construction, and operation. Third, we will enhance sustainability of our AI business by focusing on our core strengths. We will pivot according to changing business environment, to focus on areas where we excel and improve profitability through cost structure improvement. AI data centers are already a strong growth driver for SK Telecom. We will quickly build the Ulsan AIDC, and plan to add another data center in the Seoul region to scale up the AIDC business and create new business models to offer diverse solutions related to AIDCs. To sum up, we will focus on strengthening core business competitiveness in all business areas centered on customer value, and demonstrate how SK Telecom will make another leap forward.
[Company Representative] (SK Telecom): Now, I'd like to comment on the key strategic priorities for the new management. Our priority for this year is to strengthen practical and substantial competitiveness in both telecom and AI business, and for this, we plan to pursue three main strategic directions. First of all, restore market leadership through customer value innovation. We will place priority on customer value, which is the essence of our business, based on which we are currently redesigning all elements of our telecom business, including products, memberships, and channels, to offer real value that customers want. We will share more details in the future. Second, we will innovate business productivity through AX acceleration. We will apply AI in all areas, including marketing, network, and customer touchpoints, to improve customer experience and boost productivity. We will advance AI-based lifetime value modeling to provide personalized offerings and to use AI to automate network operations, including design, construction, and operation. Third, we will enhance sustainability of our AI business by focusing on our core strengths. We will pivot according to changing business environment, to focus on areas where we excel and improve profitability through cost structure improvement. AI data centers are already a strong growth driver for SK Telecom. We will quickly build the Ulsan AIDC, and plan to add another data center in the Seoul region to scale up the AIDC business and create new business models to offer diverse solutions related to AIDCs. To sum up, we will focus on strengthening core business competitiveness in all business areas centered on customer value, and demonstrate how SK Telecom will make another leap forward.
Speaker #1: First of all , there's a lot of interest in the market value of the equity stake that you have in anthropic . And I would also like to understand are whether you planning to liquidate your equity stake going forward .
Speaker #2: In the .
Speaker #3: Now, to comment on the key strategic priorities for the new management.
Speaker #2: On SK Telecom AI model . The . .
Speaker #1: The second question has to do with your proprietary foundational model about the project . What is the strength that SK Telecom has regard , potential in this the expect and what business are some of opportunities we can forward going ?
Speaker #3: So our priority for this year is to strengthen practical and substantial competitiveness in both the telecom and AI business. And for this, we plan to pursue three main strategic directions.
Speaker #2: Market leadership. Channel. Redesign.
Speaker #1: Thank you for your questions . I'd like to answer the first question on our stake in equity anthropic . And then the head of AI strategy planning will second question address your on our own foundation model project .
Speaker #2: Anthropic .
Speaker #3: First of all, restore market leadership through customer value innovation. We place priority on 'will value,' which is the essence of our business.
Speaker #1: let me First , the current comment on status and plans regarding our equity stake in future anthropic .
Speaker #3: Based on which, we are currently redesigning elements of our telecom business, products including memberships, and offer real value that customers want.
Speaker #2: The . meta Newly updated
Speaker #2: The . meta Newly updated
Speaker #3: We will share more details in the future channels, too.
Speaker #2: AI . Marketing network . AI model . Network with AI . the Given .
Speaker #1: all , cannot . disclose details accurate shareholding ratio and value at the time of change due to on confidentiality clauses in the However , our contract .
Speaker #1: please First of understand
Speaker #1: invested assets are regularly revalued and business reflected in the report , so the 2025 business disclosed Report to be very soon will have updates on our equity stake .
Speaker #3: we Second , will innovate business productivity through an acceleration . We will apply AI in all areas , including marketing , network and customer touchpoints to improve customer experience and boost productivity .
Speaker #3: We will advance AI based lifetime value modeling to provide personalized offerings and to use AI to automate network operations , including design , construction and operation .
Speaker #2: In the . .
Speaker #1: We understand that the market is quite interested in a possible equity disposal or equity valuation , but please understand that no decisions have been made in this regard .
Speaker #1: And there's nothing that we can share at this point in time about the possibility of using it as part of funds for dividend
Speaker #2: AI. Pivoting to—
Speaker #2: AI .
Speaker #1: Now , I'd like to hand over to the head of AI strategy planning to comment on the second question . AI
Speaker #3: Third, we will enhance sustainability of our AI business by focusing on our core strengths. We will pivot according to the changing business environment to focus on areas where we excel and improve profitability through cost structure improvement.
Speaker #2: Foundation model . For SK Telecom consortium Aida Q1 . Okay . The . .
Speaker #2: AI data center, AI, data center, AI solution, to.
Speaker #1: I'm Strategy head of planning . Let me answer your question on our competitiveness in foundation model and business opportunities . The A k1 that SK Telecom is developing together with the consortium members , is Korea's first hyperscale AI model with more than 500 billion parameters .
Speaker #3: AI. Data centers already are a strong growth driver for SK Telecom. We will quickly build the ADC plan to add another data center in the Seoul region to up the ADC scale business and create new business models to offer diverse solutions to AI and DCS.
Speaker #2: At Q1 in . The .
Speaker #2: . model
Speaker #2: . model
Speaker #1: is differentiated This competitiveness as it can provide high quality responses in consideration of cultural contexts . Because it is developed using the largest Korean data set .
Speaker #2: SK Telecom .
Speaker #3: So, to sum up, we focus on will in all strengthening competitiveness core areas, business centered on customer value, and demonstrate how SK Telecom will make another leap forward.
Operator: Next question, please. The following question will be presented by Tae Han Kim from IBK Investment and Securities. Please go ahead with your question.
Operator: Next question, please. The following question will be presented by Tae Han Kim from IBK Investment and Securities. Please go ahead with your question.
Speaker #2: Q1 and B2B . The . Consortium line of service reference the .
Speaker #2: To .
Speaker #3: Next question , please .
Speaker #4: IBK, Kim Tae-yong, the.
Speaker #1: Following, the question will be presented by Kim from IBK. Investment in securities. Please go ahead with your question.
Speaker #1: We expect that AI Xk1 will create a lot of business opportunities for both B2C and B2B business . For B2C , we plan to add the model to Adot , which has more than 10 million ensure large number of access customers can the users , to We also model .
[Company Representative] (SK Telecom): I am Kim Tae Han from IBK Investment and Securities. Thank you for this opportunity to ask you questions. I would like to ask two questions. First of all, there's a lot of interest in the market about the value of the equity stake that you have in Anthropic, and I would also like to understand whether you are planning to liquidate your equity stake going forward. The second question has to do with your proprietary foundational model project. What is the strength that SK Telecom has in this regard, and what are some of the potential business opportunities we can expect going forward? Thank you for your questions. I'd like to answer the first question on our equity stake in Anthropic, and then the Head of AI Strategy Planning will address your second question on our own foundation model project. First, let me comment on the current status and future plans regarding our equity stake in Anthropic. First of all, please understand that we cannot disclose accurate details on shareholding ratio and value at the time of change due to confidentiality clauses in the contract. However, our invested assets are regularly revalued and reflected in the business report. So the 2025 business report, to be disclosed very soon, will have updates on our equity stake. We understand that the market is quite interested in a possible equity disposal or equity valuation, but please understand that no decisions have been made in this regard, and there's nothing that we can share at this point in time about the possibility of using it as part of funds for dividend. Now, I'd like to hand over to the Head of AI Strategy Planning to comment on the second question. I'm Chedong Yi, Head of AI Strategy Planning. Let me answer your question on our competitiveness in foundation model and business opportunities. The A.X K-1 that SK Telecom is developing together with the consortium members, is Korea's first hyperscale AI model with more than 500 billion parameters. This model is recognized as possessing differentiated competitiveness, as it can provide high quality responses in consideration of cultural context, because it is developed using the largest Korean data set. We expect that A.X K-1 will create a lot of business opportunities for both B2C and B2B business. For B2C, we plan to add the model to ADOT, which has more than 10 million users, to ensure that a large number of customers can access the model. We also plan to add references through Liner, a member of the consortium. For B2B, we plan to add this model to ADOT Biz for work productivity enhancement and provide a model to our manufacturing affiliates, such as SK Hynix and SK Innovation, to strengthen their competitiveness. Within the consortium, we plan to expand the use of the model to vertical services such as Crafton. We will continue to develop this hyperscale model in a cost-effective manner with government support. If we are selected as one of the top two at the end of 2026, we expect that we can secure preferential opportunities to participate in various projects, such as national B2C projects, to maximize benefits of AI, AX projects to enhance industrial competitiveness and productivity, and projects to upgrade systems and services in the public sector. Next question, please.
[Company Representative] (SK Telecom): I am Kim Tae Han from IBK Investment and Securities. Thank you for this opportunity to ask you questions. I would like to ask two questions. First of all, there's a lot of interest in the market about the value of the equity stake that you have in Anthropic, and I would also like to understand whether you are planning to liquidate your equity stake going forward. The second question has to do with your proprietary foundational model project. What is the strength that SK Telecom has in this regard, and what are some of the potential business opportunities we can expect going forward? Thank you for your questions. I'd like to answer the first question on our equity stake in Anthropic, and then the Head of AI Strategy Planning will address your second question on our own foundation model project. First, let me comment on the current status and future plans regarding our equity stake in Anthropic. First of all, please understand that we cannot disclose accurate details on shareholding ratio and value at the time of change due to confidentiality clauses in the contract. However, our invested assets are regularly revalued and reflected in the business report. So the 2025 business report, to be disclosed very soon, will have updates on our equity stake. We understand that the market is quite interested in a possible equity disposal or equity valuation, but please understand that no decisions have been made in this regard, and there's nothing that we can share at this point in time about the possibility of using it as part of funds for dividend. Now, I'd like to hand over to the Head of AI Strategy Planning to comment on the second question. I'm Chedong Yi, Head of AI Strategy Planning. Let me answer your question on our competitiveness in foundation model and business opportunities. The A.X K-1 that SK Telecom is developing together with the consortium members, is Korea's first hyperscale AI model with more than 500 billion parameters. This model is recognized as possessing differentiated competitiveness, as it can provide high quality responses in consideration of cultural context, because it is developed using the largest Korean data set. We expect that A.X K-1 will create a lot of business opportunities for both B2C and B2B business. For B2C, we plan to add the model to ADOT, which has more than 10 million users, to ensure that a large number of customers can access the model. We also plan to add references through Liner, a member of the consortium. For B2B, we plan to add this model to ADOT Biz for work productivity enhancement and provide a model to our manufacturing affiliates, such as SK Hynix and SK Innovation, to strengthen their competitiveness. Within the consortium, we plan to expand the use of the model to vertical services such as Crafton. We will continue to develop this hyperscale model in a cost-effective manner with government support. If we are selected as one of the top two at the end of 2026, we expect that we can secure preferential opportunities to participate in various projects, such as national B2C projects, to maximize benefits of AI, AX projects to enhance industrial competitiveness and productivity, and projects to upgrade systems and services in the public sector. Next question, please.
Speaker #2: Entropy .
Speaker #1: plan to add references liner . A member of the through consortium .
Speaker #5: AI Foundation project. The...
Speaker #2: SK Hynix , SK Innovation . To the consortium . To .
Speaker #3: I am Tae Yong from Investment, and BK am Kim from Securities. Thank you for this opportunity to ask you questions. I would like to ask two questions.
Speaker #1: For B2B , we plan to add the this model to a.biz for work productivity enhancement and provide a model to our manufacturing affiliates such as SK Hynix and SK innovation to strengthen their competitiveness within the consortium .
Speaker #3: ask First of all , there's a lot of interest in the market about the of the value equity stake that you have in anthropic would also .
Speaker #3: I would like to understand whether you are planning to liquidate your equity stake going forward. The second question has to do with your foundational model project.
Speaker #1: We plan to the use of the model to vertical services such as Krafton . expand
Speaker #3: What is the strength that SK Telecom has in this regard, and what are some of the potential we can expect going forward?
Speaker #2: Tap to Sang Young in AI and . services System To .
Speaker #3: Thank you for your questions . I'd like to answer the first question stake equity in on our anthropic , and then the head of AI strategy planning will address your second question on our own project foundation model .
Speaker #1: continue
Speaker #1: this develop to . We will model in hyperscale a cost effective manner with government support . If we are selected as one of the top two end of 2026 , we expect that we can secure preferential opportunities to participate in various as national B2C projects to maximize benefits of AI enhance industrial competitiveness and productivity , and projects to upgrade systems and services in the public sector .
Speaker #2: Anthropic .
Speaker #3: First, let me comment on the status, current and future plans regarding our equity stake in Anthropic.
Speaker #2: The .
Speaker #1: Next question please .
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Speaker #3: First of all , we disclose cannot details on value at clauses ratio shareholding the time confidentiality change contract in the due to accurate .
Speaker #3: Kim . The
Speaker #4: question will following be presented by Hoe-jae Kim from Xing Securities . Please go ahead with your question .
Speaker #3: However, our invested assets are regularly revalued and reflected in the business report, so the 2025 business report to be disclosed very soon updates on our equity.
Speaker #6: The . SK Telecom . . In . The .
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Speaker #3: Quite interested in a possible equity disposal or equity valuation, but please understand that no decisions have been made in this regard, and there's nothing that we can share at this point in time about the possibility of using it as funds for part of dividend.
Speaker #1: And Kim from securities . I would like to ask you two questions regarding your MMO business . Due to the wavering of cancellation fee I can see that some recently by your competitor , impact on your business .
Speaker #2: The AI .
Speaker #3: Now, I'd like to hand over to the head of AI strategy and planning to comment on the second question. AI.
Speaker #1: results For instance , LG U+ has demonstrated that they have seen an increase in their subscriber base as well as new revenue in 2025 .
Speaker #2: Foundation model AI. The SK Telecom consortium. Q1. The.
Speaker #1: Thanks this development . So I'd like to understand to what extent you benefited from this trend . And I'd also like to Telecom as understand your subscriber target for 2026 , as well as MMO revenue outlook .
Speaker #3: I'm head of AI strategy me answer planning . your Let question on our competitiveness in foundation and model business opportunities . The Q1 that SK Telecom is developing , together with consortium members , is Korea's first hyperscale AI the model , with more than 500 billion parameters .
Speaker #1: My second is question that you have now new members in the MMO management , as well as the management . company So what will be the key areas that you will focus on in your business in
Speaker #2: Q1. And the.
Speaker #2: And amino ?
Speaker #1: Thank you for your questions . Regarding your two MMO business , I'd like to turn questions on to over our Head of no support .
Speaker #3: This model is recognized as possessing differentiated competitiveness, as it can provide high-quality responses in consideration of cultural contexts because it is developed using the largest Korean data set.
Speaker #1: .
Speaker #2: Bae Byeong-chan KT . Dong . Sang Young cyber . You . Membership . To .
Speaker #2: Q1 . In P2P . Consortium dinosaur reference . The . .
Speaker #3: We expect that AI Tsc1 will create a lot of business opportunities for both B2B business . For B2C , we plan to add the model to adopt , which has more than 10 million users , to ensure that a large number of customers access the model .
Speaker #1: I am Bae Byeong-chan head of support . me address your Let questions on the impact of KT's cancellation fee waivers , as well our win back as target for 2026 with by the switching competitor , the carrier cancellation fee market waivers our expanded beginning temporarily in the of the year .
Speaker #3: We also plan to add references through Liner, a member of the consortium.
Speaker #2: An . SK Hynix SK Samsung Innovation . To . The consortium in . To .
Speaker #1: since then , we are seeing an However , overall market stabilization . A trend large share of customers who joined SK Telecom during that period were voluntarily win back customers who returned after another having switched to carrier last year .
Speaker #3: B2B , we plan to add the this model APIs to for work productivity enhancement and provide a model to such as fleets manufacturing and Hynix SK our innovation to SK strengthen their competitiveness within the consortium , we plan to expand the use of the model to vertical services such as Krafton .
Speaker #1: Following the cybersecurity incident . We believe that the customer appreciation package that includes substantial such as benefits subscription tenure restoration and membership benefits , as well as diverse measures to strengthen our security , has been effective in restoring the trust of our customers .
Speaker #2: Samsung and AI, and Hong Kong system services.
Speaker #2: In the .
Speaker #1: Going forward , we will not only we will not only we will rely marketing competition for destructive term short not gains , on but focus on rather strengthening core business through value competitiveness customer innovation to continue to expand our customer base .
Speaker #3: We will continue to develop this hyperscale model . in a cost effective manner with government support . If we are selected as one of the top two at the end 2026 , we of expect that we can secure preferential opportunities to participate in various projects such as B2C projects , to national maximize benefits of AI projects , to enhance industrial competitiveness and productivity , and projects to upgrade systems and services in the public sector .
Speaker #1: So to this end , currently we're working on restructuring our product and offerings market operations . And as soon as they are ready and become available , we will share more concrete directions and results with the market and our subscribers .
Operator: The following question will be presented by Hoji Kim from Daishin Securities. Please go ahead with your question.
Operator: The following question will be presented by Hoji Kim from Daishin Securities. Please go ahead with your question.
Speaker #2: To .
Speaker #3: Next question , please .
Speaker #1: The following question will be presented by Hoji Kim from Desheng Securities. Please go ahead with your question.
Speaker #2: To . The . Sang Young .
Speaker #5: The virtual SK Telecom Co. Ltd. will.
Speaker #1: now And let me on our revenue outlook for 2026 and strategies to recover our base . We have started the new year under rather challenging circumstances due to the year over year decline in handset subscribers and throughout 2026 , we will strive to minimize revenue impact by winning back subscribers and implement various measures to create growth by developing new customer segments .
[Company Representative] (SK Telecom): I'm Kim Heejin from Daishin Securities. I'd like to ask you two questions regarding your MNO business. Due to the waiving of cancellation fees recently by your competitor, I can see that there was some impact on your business results. For instance, LG Uplus has demonstrated that they have seen an increase in their MNO subscriber base, as well as MNO revenue in 2025, thanks to this development. I'd like to understand to what extent you benefited from this trend for SK Telecom as well. I'd also like to understand your subscriber target for 2026, as well as MNO revenue outlook. My second question is that you have now new members in the MNO management as well as the company management. What will be the key areas that you will focus on in your MNO business in 2026? Thank you for your questions. Regarding your two questions on MNO business, I'd like to turn over to our Head of MNO Support. I am Bae Byung-chan, Head of MNO Support. Let me address your questions on the impact of KT's cancellation fee waivers, as well as our win-back target for 2026. With the cancellation fee waivers by our competitor, the carrier switching market expanded temporarily in the beginning of the year. However, since then, we are seeing an overall market stabilization trend. A large share of customers who joined SK Telecom during that period were voluntary win-back customers who returned after having switched to another carrier last year following the cybersecurity incident. We believe that the customer appreciation package that includes substantial benefits, such as subscription, tenure, restoration, and membership benefits, as well as diverse measures to strengthen our security, has been effective in restoring the trust of our customers. Going forward, we will not rely on disruptive marketing competition for short-term gains, but rather focus on strengthening core business competitiveness through customer value innovation to continue to expand our customer base. To this end, we are currently working on restructuring our product offerings and market operation, and as soon as they are ready and become available, we will share more concrete directions and results with the market and our subscribers. Now, let me comment on our MNO revenue outlook for 2026, and strategies to recover our subscriber base. We have started the new year under rather challenging circumstances due to the year-over-year decline in handset subscribers. Throughout 2026, we will strive to minimize revenue impact by winning back subscribers and implement various measures to create growth by developing new customer segments. However, despite these measures that we have in plan, with the prolonged impact of customer attrition, it is challenging to bring revenue back to the pre-cybersecurity incident level. For MNO business this year, we plan to focus on boosting profitability. We will reorganize our products and channels to cater to customer preferences and improve cost efficiency through optimized operation based on customer lifetime value. In addition, we will use AI to further improve our operation, including products, marketing, and network operation, and create a productivity-based business structure to enhance customer value and maximize performance relative to input. Through these efforts in 2026, we aim to restore the profitability of the MNO business and build a structural foundation for medium and long-term growth. 혹시 지금 질문 대기하고 계신 분이 있나요?
[Company Representative] (SK Telecom): I'm Kim Heejin from Daishin Securities. I'd like to ask you two questions regarding your MNO business. Due to the waiving of cancellation fees recently by your competitor, I can see that there was some impact on your business results. For instance, LG Uplus has demonstrated that they have seen an increase in their MNO subscriber base, as well as MNO revenue in 2025, thanks to this development. I'd like to understand to what extent you benefited from this trend for SK Telecom as well. I'd also like to understand your subscriber target for 2026, as well as MNO revenue outlook. My second question is that you have now new members in the MNO management as well as the company management. What will be the key areas that you will focus on in your MNO business in 2026? Thank you for your questions. Regarding your two questions on MNO business, I'd like to turn over to our Head of MNO Support. I am Bae Byung-chan, Head of MNO Support. Let me address your questions on the impact of KT's cancellation fee waivers, as well as our win-back target for 2026. With the cancellation fee waivers by our competitor, the carrier switching market expanded temporarily in the beginning of the year. However, since then, we are seeing an overall market stabilization trend. A large share of customers who joined SK Telecom during that period were voluntary win-back customers who returned after having switched to another carrier last year following the cybersecurity incident. We believe that the customer appreciation package that includes substantial benefits, such as subscription, tenure, restoration, and membership benefits, as well as diverse measures to strengthen our security, has been effective in restoring the trust of our customers. Going forward, we will not rely on disruptive marketing competition for short-term gains, but rather focus on strengthening core business competitiveness through customer value innovation to continue to expand our customer base. To this end, we are currently working on restructuring our product offerings and market operation, and as soon as they are ready and become available, we will share more concrete directions and results with the market and our subscribers. Now, let me comment on our MNO revenue outlook for 2026, and strategies to recover our subscriber base. We have started the new year under rather challenging circumstances due to the year-over-year decline in handset subscribers. Throughout 2026, we will strive to minimize revenue impact by winning back subscribers and implement various measures to create growth by developing new customer segments. However, despite these measures that we have in plan, with the prolonged impact of customer attrition, it is challenging to bring revenue back to the pre-cybersecurity incident level. For MNO business this year, we plan to focus on boosting profitability. We will reorganize our products and channels to cater to customer preferences and improve cost efficiency through optimized operation based on customer lifetime value. In addition, we will use AI to further improve our operation, including products, marketing, and network operation, and create a productivity-based business structure to enhance customer value and maximize performance relative to input. Through these efforts in 2026, we aim to restore the profitability of the MNO business and build a structural foundation for medium and long-term growth. 혹시 지금 질문 대기하고 계신 분이 있나요?
Speaker #3: And Kim, Foundation Securities. I would like to ask you two questions regarding your business, too. Due to the waiving of cancellation fees recently by your competitor, I can see that there was some impact on your business.
Speaker #2: And .
Speaker #1: despite these measures that we However , have in plan , with the prolonged impact of customer attrition , it is challenging to bring revenue back to the pre cybersecurity incident level .
Speaker #3: For instance, LG Uplus has demonstrated that they have seen an increase in their base as well as new non-revenue in 2025.
Speaker #3: Thanks to this development . So I'd like understand to to what extent you benefited from this trend SK Telecom well . for as And I'd also like to understand your subscriber target 2026 , for as well as no revenue outlook .
Speaker #2: The .
Speaker #1: for So MMO business this year , we plan to focus on boosting profitability .
Speaker #2: LTV operations . To .
Speaker #3: My second question is that you have members now MMO new in the management well as the , as company management . So what will be the key areas that you will focus on in your new business in 2026 ?
Speaker #1: will We reorganize our products and channels to cater to customer preferences and improve cost efficiency through optimized operation based on customer lifetime value .
Speaker #2: The . Amino .
Speaker #2: Marketing network . Sang Young .
Speaker #3: Thank you for your questions. You had two questions. Regarding your question on business, I'd like to turn it over to our head of Amino support.
Speaker #1: In addition , we will use AI to further improve our products , marketing and operation , operation , and create a productivity based business structure to enhance customer value and including maximize performance relative to input .
Speaker #2: Katie Chang. And in membership, too.
Speaker #1: So through these efforts , in we aim 2026 , to restore the profitability of the business and build a structural foundation for medium and long term growth .
Speaker #2: In .
Speaker #3: The .
Speaker #4: There are no the queue right questions in .
Speaker #3: Pyongchang , head of MMO I am support . Let me address your questions on the impact of KT's cancellation fee waivers , as well as our win back target for 2026 with the cancellation fee waivers by our competitor , carrier the switching market expanded temporarily in the beginning of the However , since then , we are year .
Speaker #2: SK Telecom conference call . To
Speaker #1: We no further
Speaker #1: would like to earnings conclude the conference questions . We call for . 2025 for SK Telecom . If there are inquiries additional or questions , please contact free to feel IR .
Speaker #3: We are seeing an overall market stabilization trend. A large share of customers who joined SK Telecom during that period were voluntarily win-back customers who returned after having switched to another carrier last year.
Speaker #3: Following the cyber We believe that the customer incident . appreciation package that includes substantial as benefits such subscription tenure , restoration and membership well as diverse as benefits , measures to strengthen our security , has been effective in restoring the of our trust customers .
Speaker #3: Going forward , we will not only we will not only we will not rely on destructive marketing competition for short term gains , rather focus on strengthening core business competitiveness through customer value innovation to continue to expand our customer base .
Speaker #2: And . To .
Speaker #3: So, to this end, we are currently working on restructuring our product.
Speaker #3: Offerings and market operations. And as soon as they are ready and become available, we will have more concrete directions and results with the and our market subscribers.
Speaker #2: To . The .
Speaker #3: now let And comment on our me MMO revenue outlook for 2026 and strategies to recover our subscriber base . We have started the under year rather challenging new circumstances due to the year over year decline in handset subscribers and throughout 2026 , we will strive minimize revenue to impact by back winning implement subscribers and various measures to create growth by developing new customer segments .
Speaker #2: And .
Speaker #3: However, despite these measures that we have in plan, with the prolonged impact of customer attrition, it is challenging to bring revenue back to the cybersecurity incident level.
Speaker #2: For .
Speaker #3: So for this year, we plan to focus on boosting profitability.
Speaker #2: LTV operations . To .
Speaker #3: We will reorganize our products and channels to cater to customer preferences and improve cost efficiency, optimizing operations' lifetime through customer value.
Speaker #2: marketing AI network. The...
Speaker #3: In addition , we will use AI to further improve our operations , including products , marketing and network operation , and create a productivity based business structure to enhance customer value and maximize performance relative to input .
Speaker #3: through these efforts , in 2026 , we restore the aim to profitability of the MMO business a structural foundation for medium and long term growth So .
Operator: 현재 대기 중인 분이 없습니다. There are no questions in the queue right now. 네, 그럼 이것으로 2025년 SK텔레콤 연간 실적 발표 컨퍼런스 콜을 마치도록 하겠습니다. 오늘 혹시 답변이 부족했거나 추가적으로 궁금한 점이 있으시면 언제든지 IR로 문의해 주시기 바랍니다. 감사합니다. With no further questions, we would like to conclude the earnings conference call for 2025 for SK Telecom. If there are additional inquiries or questions, please feel free to contact IR. Thank you.
Operator: 현재 대기 중인 분이 없습니다. There are no questions in the queue right now. 네, 그럼 이것으로 2025년 SK텔레콤 연간 실적 발표 컨퍼런스 콜을 마치도록 하겠습니다. 오늘 혹시 답변이 부족했거나 추가적으로 궁금한 점이 있으시면 언제든지 IR로 문의해 주시기 바랍니다. 감사합니다. With no further questions, we would like to conclude the earnings conference call for 2025 for SK Telecom. If there are additional inquiries or questions, please feel free to contact IR. Thank you.
Speaker #2: In .
Speaker #1: There are no questions in the queue right now. Right now.
Speaker #2: Telecom SK conference call. On the...
Speaker #3: We have no further questions. We would like to conclude the earnings conference call for 2025 for SK Telecom. If there are additional inquiries or questions, please feel free to contact IR.
