SKT "Enhancing Corporate Value Is the Top Priority..."

Emphasizing Major Transformation Through AI Integration
Growth Business Sector Sales Share Doubled

[Asia Economy Reporter Cha Min-young] Yoo Sang-young, CEO of SK Telecom, stated on the 15th, "Enhancing corporate value is our greatest goal and top priority, and we intend to pursue various measures to achieve this."

In a column posted on the company's newsroom that day, CEO Yoo shared his reflections over the past year as the chief executive officer, as well as his concerns and future plans as the head of SKT. SKT was split into two entities on November 1 of last year, when Yoo began his term: the continuing company SKT, responsible for telecommunications, and SK Square, which handles semiconductor and information and communication technology (ICT) investments.

CEO Yoo said, "My first concern as CEO was how to get the company back on track and make it stronger after the split between SK Telecom and SK Square," adding, "And my current concern is how to have our undervalued corporate value fairly recognized despite solid performance and dividends."

He continued, "Corporate value remains a major concern and mission for me," and noted, "At the recent Analyst Day, I expressed my regret that our company has not been adequately valued despite high levels of performance and dividends."

As a measure to normalize corporate value, he pointed to the 'AI Transformation' by integrating artificial intelligence (AI) into business aspects. He emphasized, "We plan to solidify the wired and wireless business, which still has ample growth potential, while also seeking new future growth engines."

CEO Yoo elaborated, "By 2025, the revenue share of growth sectors such as media and enterprise will be doubled compared to now through continuous new attempts and investments." He plans to combine AI with the subscription service 'T Woosoo' launched last year and focus on platform development. Although the media business strategy is not yet as concrete as other business areas, he said they will focus on growth and continue to deliberate.

He added, "AI has the potential to transform all industries," and said, "We will create innovation by spreading our accumulated internal capabilities and technologies externally, acquire good external companies, and implant our AI into these companies to create further innovation."

CEO Yoo stated, "I am also a shareholder of SKT who checks the stock price daily. My personal feelings when looking at the stock price are no different from those of other shareholders," and added, "I will personally oversee and lead the ongoing process of rewriting our company's growth story and enhancing corporate value."