olivLaw · US equity research
SK Telecom Co., Ltd. SKM
Radiotelephone Communications · SIC 4812 · Vertical: Radiotelephone Communications (SIC 4812)
SK Telecom is South Korea's largest mobile telecommunications provider, and its cellular services generate most of its revenue. The company is focusing its strategy on network quality, rebuilding customer trust after the 2025 cybersecurity incident, and selectively expanding AI-related capabilities.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, SK Telecom Co., Ltd. (SKM) stock was 31.29 USD (+2.52% on the day), with beta 0.51, 52-week range 19.68–46.00 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 41.3
- weak (30–45)
- Bollinger (20, 2)
- 29.28 – 34.72
- in the lower half of the band · %B 0.37 · band width 17.0%
- SMA 50 / 200
- 34.89 / 34.02
- mixed trend
- MACD (12, 26, 9)
- -1.22 / -1.25
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −14.0% | −1.1% | −12.9 pp | — |
| 3 months | −10.3% | −0.5% | −9.8 pp | — |
| 6 months | −15.2% | +4.4% | −19.5 pp | — |
| Year to date | +52.4% | +12.3% | +40.1 pp | — |
| 1 year | +57.0% | +13.5% | +43.5 pp | +6.6% |
| 3 years | +46.9% | +76.4% | −29.5 pp | +5.8% |
| 5 years | −35.7% | +63.7% | −99.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17,520.0 bn | 16,874.0 bn | 15,416.4 bn | 16,087.7 bn | 16,748.6 bn | 17,305.0 bn | 17,608.5 bn | 17,940.6 bn |
| Revenue YoY | +2.5% | −3.7% | −8.6% | +4.4% | +4.1% | +3.3% | +1.8% | +1.9% |
| Net income | 2,599.8 bn | 3,127.9 bn | 888.7 bn | 1,504.4 bn | 2,407.5 bn | 912.4 bn | 1,093.6 bn | 1,250.2 bn |
| Net income YoY | +55.1% | +20.3% | −71.6% | +69.3% | +60.0% | −62.1% | +19.9% | +14.3% |
| Diluted EPS | 36,582.00 | 44,066.00 | 2,425.00 | 4,092.00 | 7,187.00 | 4,116.00 | 4,950.00 | 5,765.00 |
| Diluted EPS YoY | +55.7% | +20.5% | −94.5% | +68.7% | +75.6% | −42.7% | +20.3% | +16.5% |
| net % | 14.8% | 18.5% | 5.8% | 9.4% | 14.4% | 5.3% | 6.2% | 7.0% |
| Free cash flow | 1,140.0 bn | 1,540.2 bn | 659.1 bn | 2,264.1 bn | 2,115.4 bn | 2,251.0 bn | 1,973.3 bn | 2,599.9 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 2,023.7 bn KRW
- Financial debt
- 100.0 bn KRW
- Net debt
- -1,923.7 bn KRW
- Equity
- 11,827.6 bn KRW
- Total assets
- 30,515.3 bn KRW
- Debt / equity
- 0.01x
- Current ratio
- 0.81x
- ROE
- 10.4%
- ROA
- 4.1%
- FCF margin
- 14.5%
Financial statements (source on every figure)
Revenue and net income (KRW)
Margins
Income statement · KRW
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 15,416.4 bn | 16,087.7 bn | 16,748.6 bn | 17,305.0 bn | 17,608.5 bn | 17,940.6 bn | SEC (XBRL)· 29 Apr 2025verified |
| Research & development | 391.3 bn | 416.4 bn | 406.7 bn | 340.9 bn | 369.5 bn | 378.1 bn | SEC (XBRL)· 29 Apr 2025verified |
| Operating income | 987.1 bn | 1,035.0 bn | 1,432.4 bn | 1,594.3 bn | 1,756.3 bn | 1,690.9 bn | SEC (XBRL)· 29 Apr 2025verified |
| Depreciation & amortisation | 3,541.0 bn | 3,664.7 bn | 3,672.6 bn | 3,621.3 bn | 3,614.8 bn | 3,560.4 bn | SEC (XBRL)· 29 Apr 2025verified |
| EBITDA | 4,528.0 bn ≈ | 4,699.7 bn ≈ | 5,104.9 bn ≈ | 5,215.7 bn ≈ | 5,371.0 bn ≈ | 5,251.2 bn ≈ | SEC (XBRL)· 29 Apr 2025derived |
| Interest expense | 334.9 bn | 322.9 bn | 315.6 bn | 456.3 bn | 527.4 bn | 605.9 bn | SEC (XBRL)· 29 Apr 2025verified |
| Pre-tax income | 807.0 bn | 905.2 bn | 1,718.2 bn | 1,236.2 bn | 1,488.2 bn | 1,761.8 bn | SEC (XBRL)· 29 Apr 2025verified |
| Income tax | 300.3 bn | 376.5 bn | 651.9 bn | 288.3 bn | 342.2 bn | 374.7 bn | SEC (XBRL)· 29 Apr 2025verified |
| Net income | 888.7 bn | 1,504.4 bn | 2,407.5 bn | 912.4 bn | 1,093.6 bn | 1,250.2 bn | SEC (XBRL)· 29 Apr 2025verified |
| Diluted EPS | 2,425.00 | 4,092.00 | 7,187.00 | 4,116.00 | 4,950.00 | 5,765.00 | SEC (XBRL)· 29 Apr 2025verified |
| Weighted average diluted shares | — | 364.0 m | 332.9 m | 218.1 m | 217.5 m | 213.4 m | SEC (XBRL)· 29 Apr 2025verified |
| Dividend per share | 9,826.81 | 10,404.68 | 4,727.04 | 4,146.27 | 3,638.02 | 3,778.15 | SEC (XBRL)· 29 Apr 2025derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
- 2022
- 3,621.3 bn
- 2023
- 3,614.8 bn
- 2024
- 3,560.4 bn
SEC (XBRL)· 29 Apr 2025verified
Balance sheet · KRW
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1,270.8 bn | 1,369.7 bn | 872.7 bn | 1,882.3 bn | 1,455.0 bn | 2,023.7 bn | SEC (XBRL)· 29 Apr 2025verified |
| Receivables | 3,349.5 bn | 3,381.4 bn | 2,625.5 bn | 2,643.9 bn | 2,534.7 bn | 2,547.5 bn | SEC (XBRL)· 29 Apr 2025verified |
| Inventories | 162.9 bn | 171.4 bn | 204.6 bn | 166.4 bn | 179.8 bn | 209.8 bn | SEC (XBRL)· 29 Apr 2025verified |
| Current assets | 8,088.5 bn | 8,775.1 bn | 6,352.7 bn | 7,219.2 bn | 6,585.6 bn | 7,476.7 bn | SEC (XBRL)· 29 Apr 2025verified |
| Property, plant & equipment, net | 12,933.5 bn | 13,377.1 bn | 12,871.3 bn | 13,322.5 bn | 13,006.2 bn | 12,617.4 bn | SEC (XBRL)· 29 Apr 2025verified |
| Goodwill | 2,949.5 bn | 3,357.5 bn | 2,072.5 bn | 2,075.0 bn | 2,075.0 bn | 2,072.5 bn | SEC (XBRL)· 29 Apr 2025verified |
| Intangibles (excl. goodwill) | 4,866.1 bn | 4,436.2 bn | 3,869.8 bn | 3,324.9 bn | 2,861.1 bn | 2,194.9 bn | SEC (XBRL)· 29 Apr 2025verified |
| Total assets | 45,202.4 bn | 47,907.0 bn | 30,911.3 bn | 31,308.3 bn | 30,119.2 bn | 30,515.3 bn | SEC (XBRL)· 29 Apr 2025verified |
| Short-term debt | 20.6 bn | 110.0 bn | 13.0 bn | 143.0 bn | 0 | 100.0 bn | SEC (XBRL)· 29 Apr 2025verified |
| Current liabilities | 7,851.7 bn | 8,178.0 bn | 6,960.4 bn | 8,046.5 bn | 6,994.0 bn | 9,224.3 bn | SEC (XBRL)· 29 Apr 2025verified |
| Total liabilities | 22,385.4 bn | 23,510.7 bn | 18,576.1 bn | 19,153.1 bn | 17,890.8 bn | 18,687.6 bn | SEC (XBRL)· 29 Apr 2025verified |
| Equity | 22,816.9 bn | 24,396.2 bn | 12,335.1 bn | 12,155.2 bn | 12,228.4 bn | 11,827.6 bn | SEC (XBRL)· 29 Apr 2025verified |
| Shares outstanding at year end | 73.1 m | 71.3 m | 217.6 m | 218.0 m | 212.7 m | 212.9 m | SEC (XBRL)· 29 Apr 2025verified |
- 2022
- 13,322.5 bn
- 2023
- 13,006.2 bn
- 2024
- 12,617.4 bn
SEC (XBRL)· 29 Apr 2025verified
- 2022
- 3,324.9 bn
- 2023
- 2,861.1 bn
- 2024
- 2,194.9 bn
SEC (XBRL)· 29 Apr 2025verified
Cash flow · KRW
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 4,035.0 bn | 5,821.9 bn | 5,031.3 bn | 5,159.3 bn | 4,947.2 bn | 5,087.3 bn | SEC (XBRL)· 29 Apr 2025verified |
| Capex | 3,375.9 bn | 3,557.8 bn | 2,915.9 bn | 2,908.3 bn | 2,973.9 bn | 2,487.4 bn | SEC (XBRL)· 29 Apr 2025verified |
| Free cash flow | 659.1 bn ≈ | 2,264.1 bn ≈ | 2,115.4 bn ≈ | 2,251.0 bn ≈ | 1,973.3 bn ≈ | 2,599.9 bn ≈ | SEC (XBRL)· 29 Apr 2025derived |
| Investing cash flow | -3,581.6 bn | -4,250.4 bn | -3,486.2 bn | -2,807.8 bn | -3,352.9 bn | -2,711.8 bn | SEC (XBRL)· 29 Apr 2025verified |
| Financing cash flow | -686.7 bn | -1,457.6 bn | -2,053.6 bn | -1,349.9 bn | -2,021.0 bn | -1,809.9 bn | SEC (XBRL)· 29 Apr 2025verified |
| Dividends paid | 718.7 bn | 742.1 bn | 1,028.5 bn | 904.0 bn | 773.8 bn | 804.3 bn | SEC (XBRL)· 29 Apr 2025verified |
| Share repurchases | — | 426.7 bn | 76.1 bn | — | 285.5 bn | 15.8 bn | SEC (XBRL)· 29 Apr 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 45 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
- Quality59
- Returns100
- Growth10
- Balance sheet46
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 45/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 12.9% | 50 (vs peers) | 16% |
| Net margin · Quality | 7.0% | 33 (vs peers) | 10% |
| FCF conversion · Quality | 208.0% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 2.3% | 19 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -7.1% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | -0.4x | 80 (vs peers) | 16% |
| Interest coverage · Balance sheet | 2.8x | 20 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 0.8x | 1 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 30.9% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet46/100 · 3/3 factors with a value
- Growth10/100 · 2/2 factors with a value
- Quality59/100 · 3/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SK Telecom Co., Ltd. (SKM). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 17,940.6 bn KRW in 2024; YoY growth 1.9%; net margin 7.0%; ROE 10.8%; net debt/EBITDA -0.4x.
The estimated value range is 62,148.20–109,424.19 KRW per share (median of 3 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 45/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns, valuation. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 208.0%
- Net debt / EBITDA: -0.4x
- Payout ratio (FCF): 30.9%
What contradicts it
- Revenue CAGR 3Y: 2.3%
- EPS CAGR 3Y: -7.1%
- Interest coverage: 2.8x
- Current ratio: 0.8x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Radiotelephone Communications (SIC 4812) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CHTChunghwa Telecom Co., Ltd. | 380.0 bn | 326.5 | 9.4% | 16.2% | −3.8% | +17% / +29% |
| TMUST-Mobile Us, Inc. | 168.6 bn | 15.4 | 19.4% | 12.0% | +8.5% | −24% / +6% |
| VEONVEON Ltd. | 146.1 bn | 263.4 | 48.5% | 13.4% | +9.9% | +48% / +294% |
| TIGOMillicom International Cellular SA | 13.0 bn | 9.8 | 36.2% | 22.6% | +0.3% | +45% / +357% |
| KYIVKyivstar Group Ltd. | 3.1 bn | 23.9 | 10.4% | 10.7% | +25.9% | −4% / unavailable |
| ADArray Digital Infrastructure, Inc. | 2.9 bn | 5.4 | 18.3% | 250.8% | +58.3% | −32% / −27% |
| IHSIHS Holding Ltd | 2.8 bn | 20.2 | — | 9.1% | +3.6% | +19% / +82% |
| SPOKSpok Holdings, Inc. | 252.6 m | 13.6 | 12.8% | 13.9% | +1.5% | −9% / −28% |
| SIDUSidus Space, Inc. | 18.7 m | — | -27.0% | -970.3% | −27.6% | +49% / −82% |
| CHAICore Ai Holdings, Inc. | 3.6 m | — | -1,196.1% | -57.2% | +58.6% | −93% / −100% |
| SKMSK Telecom Co., Ltd. | — | — | 10.8% | 7.0% | +1.9% | +57% / +47% |
| TUTelus Corp | — | — | 7.1% | 5.4% | +0.6% | −30% / −49% |
| VODVodafone Group Public Ltd Co | — | — | -7.4% | -11.1% | +2.0% | +31% / +80% |
1- and 3-year price returns: for SKM from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Apr 2026; since then the company filed 6-K (04 Nov 2026), 6-K (29 Oct 2026), 6-K (28 Oct 2026), 6-K (14 Oct 2026), 6-K (16 Sept 2026), 6-K (02 Sept 2026).
In brief
SK Telecom is South Korea's largest mobile telecommunications provider, and its cellular services generate most of its revenue. The company is focusing its strategy on network quality, rebuilding customer trust after the 2025 cybersecurity incident, and selectively expanding AI-related capabilities. 1
SWOT
Strengths
- Market leader in mobile services in Korea, with a large subscriber base and a 5G network with broad national coverage in outdoor areas and on the Seoul subway.
- Integrated telecommunications platform with mobile, fixed and TV services that can support combined offers for customers.
- Long-standing brand recognition and a record of technological innovation, from the first wireless services in the country to 5G networks.
Weaknesses
- Market share and churn were affected by the 2025 security incident, which reduced some customers' confidence.
- ARPU declined in 2025 and pricing pressure remains high, which limits revenue growth from core services.
- Dependence on a cellular segment that generates most of the revenue leaves the company exposed to changes in the mobile market.
Opportunities
- Developing AI services for consumers and enterprises could create new revenue sources if adoption increases.
- Combined offers of mobile, Internet and TV could reduce churn if customers stay within integrated packages.
- Portfolio simplification through asset sales could free capital for investment in core areas.
Threats
- The growth of MVNOs and government support for them could add further pricing pressure.
- Removing handset subsidy limits could intensify marketing competition and raise customer acquisition costs.
- Regulatory cuts to interconnection rates limit interconnection revenue and may affect results.
Risks
- Cybersecurity incidenthigh
The leak of certain subscriber USIM information affected market share and churn in 2025. If security measures prove insufficient, incidents could recur and harm the company's reputation.
- Competitive and pricing pressurehigh
MVNOs and new entrants could continue to lower prices, which could affect revenue per subscriber and margins.
- Regulation and interconnectionmedium
Government decisions on interconnection rates and service regulation could reduce revenue further.
- Technology investmentmedium
Investments in networks and new technologies are not assured of recovery if demand for new services remains weak.
- Korean economic conditionslow
Economic change and customers' disposable income could reduce demand for services or increase delinquent accounts.
Investment thesis
What would need to be true (bull case)
- A leading market position and a large subscriber base could support revenue if customers stay loyal and recovery after the 2025 incident continues.
- If AI services and integrated telecom packages develop, the company could diversify its revenue away from traditional mobile services.
- Portfolio simplification could focus resources on core activities and improve operational efficiency.
What would break the thesis
- Customer losses after the security incident could continue, and market share could fall against competitors.
- Growth of MVNOs and the removal of subsidy limits could increase pricing pressure and marketing costs.
- If revenue from new services does not offset lower ARPU, margins could remain under pressure over the medium term.
What to watch
- Evolution of ARPU and market share after the security incidentQ1 2027
- Completion of the sale of SK Stoa and Media S to Rapport Labs2027
- Government policy on MVNOs and interconnection rates2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Apr 2026; since then the company filed 6-K (04 Nov 2026), 6-K (29 Oct 2026), 6-K (28 Oct 2026), 6-K (14 Oct 2026), 6-K (16 Sept 2026), 6-K (02 Sept 2026).
The business
SK Telecom, established in 1984 as Korea's first wireless service provider, operates three reported segments: cellular services, fixed-line telecommunications services and other businesses, which include the T-commerce business. The cellular segment covers voice and data services, device sales, and IoT, cloud, advertising and AI services for consumers and enterprises. 1
In 2025 the company disposed of several non-telecom assets, including NATE Communications, SK M&Service and F&U Credit Information, and agreed to sell SK Stoa and Media S, a move aimed at streamlining its portfolio. The SK Stoa transaction was still pending regulatory approval at the report date. 1
Through SK Broadband, which it owned about 99.1% of at year-end 2025, SK Telecom also runs broadband Internet, IPTV and cable TV services. It has agreed to acquire the remaining 0.9% stake, a transaction also pending approvals. 1
Segments
Cellular services
The cellular segment is the main revenue generator and includes wireless voice and data services, device sales through PS&Marketing, interconnection, and new IoT, cloud and AI services. Revenue depends on subscriber numbers, rate plans and usage. 1
Fixed-line telecommunications services
This segment covers fixed-line telephone service, broadband Internet and advanced media platforms, including IPTV and cable TV through SK Broadband, plus business communications services. It competes with KT, LG U+ and video streaming platforms. 1
Other businesses
This segment includes the T-commerce business of SK Stoa, whose revenue depends on merchandise volume and seller commissions, along with smaller miscellaneous operations. The planned sale of this business could change the segment's perimeter. 1
Market context
Korea's mobile market has three network operators: SK Telecom, KT and LG U+. At December 31, 2025 SK Telecom held 41.6% of mobile subscribers, while KT and LG U+ held 30.8% and 27.6%. Mobile phone penetration was 110.6 subscribers per 100 population, and smartphone penetration exceeded 100%. 1
MVNOs grew their combined share to 18.3% by year-end 2025, which adds pressure on pricing. Government measures to support MVNOs and the repeal of the handset subsidy law have intensified commercial competition. 1
Trends
- Pressure on rates and ARPUheadwind
Average revenue per subscriber declined in 2025, partly because of discounts after the security incident. Continued MVNO growth and lower interconnection rates could limit revenue over the medium term. 1
- Migration to 5Gtailwind
Subscribers are increasingly moving to the 5G network, and the company is focusing capital spending on network quality rather than coverage. If 5G and advanced technology adoption continues, it could support data service revenue. 1
- Repeal of handset subsidy rulesheadwind
Repealing the handset subsidy law lets operators offer unlimited subsidies, which could raise marketing costs. This is a cost pressure even though it removes commercial restrictions. 1
- Investment in artificial intelligencemixed
The company is selectively expanding AI capabilities for consumers and businesses and using AI to optimise operations. The outcome depends on customer adoption of these services and on the cost of infrastructure investment. 1
Competitive position
Competition comes from KT and LG U+, which together hold a large part of the mobile market, and from MVNOs that offer cheaper plans. In fixed services it competes with the same operators, VoIP providers and video streaming platforms such as YouTube and Netflix. 1
Competition has grown since the 2025 security incident, which affected market share and churn, and consolidation in cable TV has created stronger players. The company acknowledges that rivals with large financial resources could affect margins. 1
- KT Corporation
Korea's leading fixed and mobile operator, with a 30.8% mobile share at end-2025 and leadership in broadband and pay TV.
- LG Uplus Corp.
Korea's third mobile operator with a 27.6% share, active in fibre and pay TV through LG HelloVision.
- MVNO operators
Virtual operators that lease other networks and offer cheaper plans; their combined share rose to 18.3% at end-2025.
- Video streaming platforms
Global and local online video services that compete with pay TV and IPTV, affecting demand for traditional packages.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- SK Telecom named UN Global Compact LEAD company for 2027Korea Times — Business · 03 Nov 2026 · EN
- SK Telecom, F5 sign partnership on AI cloud securityKorea Times — Business · 16 Sept 2026 · EN
- Nongshim heir Shin Sang-yeol to marry SK Telecom employeeKorea Times — Business · 07 Sept 2026 · EN
- SK Telecom turns everyday photos into searchable AI recordsKorea Times — Business · 31 Aug 2026 · EN
- LG AI Research, SK Telecom, Upstage survive next cut in national AI model projectKorea Times — Business · 18 Aug 2026 · EN
- Why Chey's divorce settlement is fueling SK Telecom stock rallyKorea Times — Business · 26 Jul 2026 · RO
- SK Telecom tests AI-RAN to power Korea's digital highwayKorea Times — Business · 14 Jul 2026 · RO
- SK Telecom plans 15GW AI data center buildout across Korea by 2035Korea Times — Business · 05 Jul 2026 · RO
- SK Telecom to deploy proprietary AI model in steel, auto parts factoriesKorea Times — Business · 25 Jun 2026 · RO
- SK Telecom teams up with defense ministry on military AIKorea Times — Business · 14 May 2026 · RO
The latest news item in our archive is from 03 Nov 2026; the newest SEC filing is from 04 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)04 Nov 2026
- Current report (foreign issuer)29 Oct 2026
- Current report (foreign issuer)28 Oct 2026
- Current report (foreign issuer)14 Oct 2026
- Current report (foreign issuer)16 Sept 2026
- Current report (foreign issuer)02 Sept 2026
- Current report (foreign issuer)27 Aug 2026
- Current report (foreign issuer)27 Aug 2026
- Current report (foreign issuer)27 Aug 2026
- Current report (foreign issuer)07 Aug 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / SK Telecom Co., Ltd. · 29 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.