Company Profile For SK TELECOM CO.,LTD

SK Telecom Co., Ltd. (SK Telecom) is a wireless telecommunications service provider. The Company had approximately 23 million wireless subscribers as of December 31, 2008. SK Telecom provides services, including cellular voice services, wireless data services, broadband Internet and fixed-line telephone services, and digital convergence and new businesses. The Company provides wireless voice transmission services to its subscribers through its cellular networks and also offers wireless global roaming services though service agreements with various foreign wireless telecommunications service providers. SK Telecom also provides wireless data transmission services, including wireless Internet access services, which allow subscribers to access a range of online digital contents and services, as well as to send and receive text and multimedia messages, using their mobile phones.

BRIEF: For the fiscal year ended 31 December 2008, SK Telecom Co., Ltd.'s revenues increased 18% to W14.021T. Net income from continuing operation decreased 27% to W1.236T. Revenues reflect general increase of the company's business. Lower net income was offset by decreased operating margin, exclusion of conversion gain, increased loss on currency swap transaction and increased loss on reduction oof LT investment assets.