SK Telecom Decides to Spin Off Mobility Business Division

[Asia Economy Reporter Eunmo Koo] SK Telecom announced on the 16th that it will spin off its mobility business division to establish a new company called "T Map Mobility Co., Ltd. (tentative name)." The spin-off method is a simple physical division, and the purpose of the spin-off is to enhance business expertise and strengthen management efficiency by separating the mobility business division. The effective date of the spin-off is December 29.