SK Telecom

"SKT" redirects here. For other uses, see SKT (disambiguation).
Not to be confused with Slovak Telekom.

SK Telecom Co., Ltd.
에스케이텔레콤주식회사
Company typePublic
KRX: 017670
NYSE: SKM
IndustryTelecommunications
FoundedApril 20, 1984; 40 years ago (April 20, 1984) (as Korea Mobile Telecommunications)
1997; 27 years ago (1997) (as SK Telecom)
HeadquartersJung District, Seoul, South Korea
Key people
Young Sang Ryu [ko] (CEO)[1]
ProductsWireless telecom
Cellular internet
Internet
Mobile platform
Internet of things
RevenueIncrease ₩17.609 trillion (2023, consolidated)[2]
Number of employees
40,543
ParentSK Inc.
Subsidiariessee this list
Websitesktelecom.com

SK Telecom Co., Ltd., abbreviated as SKT (Korean: SK텔레콤 or 에스케이텔레콤) is a South Korean wireless telecommunications operator and former film distributor and is part of the SK Group, one of the country's largest chaebols. It leads the local market with 50.5 percent share as of 2008.[3] SK Telecom is the largest wireless carrier in South Korea, with 23 million subscribers as of Q4 2023.[4]

Since its creation in 1984, the company has evolved from a first generation analog cellular system, to second generation CDMA, then to the world's first third-generation synchronized IMT-2000 cellular system. SK Telecom also became the world's first carrier to commercialize HSDPA in May 2006. SK expanded into the landline market by acquiring second-rated fixed-line operator Hanaro Telecom in February 2008.[5]

The company's online brands include Nate, a web portal, June, a mobile multimedia service, Moneta, an e-banking mobile app, Nate Drive, a telematics service, and Digital Home, an online interface to remote-control household appliances.[6]

In 2004, SK Telecom launched Hanbyul, the world's first DMB satellite. TU Media, SK Telecom's digital media arm, handles DMB TV broadcasts.[citation needed]

In November 2015, SK Telecom announced signing a deal to acquire CJ HelloVision, the country's largest cable and Internet operator, with the view to merge it with its own cable unit, SK Broadband.[7] The acquisition, which will make SK Broadband the second largest cable broadcaster following KT,[8] is opposed by competitors, who charge that the merger will help SK unfairly dominate the market.[9][10]

  1. ^ "Board of Directors". SK Telecom. Retrieved November 4, 2024.
  2. ^ "SK Telecom Co., Ltd. (SKM) Income Statement". Yahoo! Finance. Retrieved November 4, 2024.
  3. ^ Lee Sun-young (May 5, 2008). "Mobile operators pressured to cut call, message rates". The Korea Herald. naver.com. Retrieved May 8, 2008.
  4. ^ "Korea Communication Market Data". Netmanias. May 30, 2018. Retrieved May 30, 2018.
  5. ^ "Startup | Compare SK Telecom vs Comm100 reviews | Build Ai". buildai.com. Retrieved August 29, 2022.
  6. ^ "Brand History". SK Telecom Co., LTD. Archived from the original on May 9, 2015.
  7. ^ Lee Min-hyung (November 2, 2015). "SKT inks deal to buy CJ HelloVision". Korea Times. Archived from the original on March 4, 2016.
  8. ^ JEON YOUNG-SEON, KIM JI-YOON (November 2, 2015). "SK Telecom will buy cable firm". Joongang Media Network. Archived from the original on November 17, 2019.
  9. ^ "SK Telecom Sets out New Vision with Takeover Amid Criticism". Seoul: Kobiz Media Co., Ltd. Korea Bizwire. December 2, 2015.
  10. ^ 윤경, 현 (December 1, 2015). "SKT, CJ헬로비전 인수합병 신청…내년 2월 전 판가름(종합)". Yonhap News Agency (in Korean).