Welcome to our dedicated page for SK Telecom Co., Ltd. American news (Ticker: SKM), a resource for investors and traders seeking the latest updates and insights on SK Telecom Co., Ltd. American stock.
SK Telecom Co., Ltd. reports news on its South Korean telecommunications business, SKM American depositary shares, and recurring foreign-issuer disclosures. Coverage includes annual Form 20-F filings, operating updates, dividends, treasury-share actions, governance changes, and developments involving SK Broadband, its fixed-line telecommunications subsidiary.
Company updates also cover SK Telecom's AI strategy, including AI data center initiatives, the A.X K1 hyperscale AI model, generative AI research collaborations, and partnerships tied to AI infrastructure, next-generation networks, and telecom-based AI services.
SK Telecom (NYSE: SKM) plans to spin off its wholly owned subsidiary SK Broadband into a surviving company (retaining the SK Broadband name) and a new AI data center and submarine cable operator, SK Horizon. In connection with the spin-off, SK Telecom entered a definitive agreement under which funds managed by KKR (NYSE: KKR) and the IMM Investment‑Stonebridge consortium will make a combined KRW 3.08 trillion equity investment in SK Horizon.
Based on book value, the spin-off ratio is 0.8351323 for the surviving SK Broadband and 0.1648677 for SK Horizon. SK Horizon is tasked with expanding AI data center infrastructure to 318 MW across eight existing and new Korean sites and scaling submarine cable capacity. Upon completion of all investment phases, SK Telecom will hold 51%, KKR 29%, and IMM 20% of SK Horizon. SK Hyper, another SK Telecom unit, targets 5 GW of AIDC capacity by 2029 and 15 GW by 2035.
SK Telecom (NYSE: SKM) plans to build up to 15GW of AI data center capacity to position Korea as Asia's AI infrastructure hub. Starting from its Ulsan site, SKT targets 5GW domestic capacity coming online in stages from 2029, then scaling to 15GW overall.
According to SKT, a typical 1GW-class AI data center may cost about KRW 70 trillion, funded through company capital, strategic partners, long-term customer contracts, and project financing. SKT also plans to launch an AI Factory in 2027 and will coordinate full-stack capabilities across SK Group affiliates.
SK Telecom (NYSE:SKM) filed its Annual Report on Form 20-F on April 29, 2026 for the year ended December 31, 2025. The 2025 Form 20-F is available on the company's investor website and on the U.S. Securities and Exchange Commission website.
Printed copies of the complete audited financial statements for the year ended December 31, 2025 are available free of charge by written request to skt.ir@sk.com.
SK Telecom (NYSE: SKM) signed a three‑party MOU with Supermicro and Schneider Electric on March 3, 2026 to develop a pre‑fabricated modular total solution for AI data centers (AIDC).
The collaboration aims to shorten construction timelines, ease supply bottlenecks, improve cost efficiency, and enable phased, scalable deployment by integrating GPU servers with power and cooling infrastructure.
SK Telecom (NYSE: SKM) expanded global AI partnerships at MWC Barcelona 2026 by hosting an AIDC conference and meeting major telco executives on March 2-3, 2026. SKT introduced a Sovereign AI Package combining domestic AIDC infrastructure, its A.X K1 foundation model, and industry AI services to address data sovereignty and industrial validation.
SKT outlined collaboration plans with Singtel, e&, NTT, Orange, and Deutsche Telekom to jointly develop efficient, trusted AI infrastructure and services.
SK Telecom (NYSE:SKM) unveiled an AI Native transformation on March 1, 2026 in Barcelona, led by CEO Jung Jai-hun. The plan covers a major AI-driven overhaul of IT, Zero Trust security, autonomous networks and customer-facing AI agents.
SKT will build 1GW-class hyperscale AIDC capacity nationwide, collaborate with OpenAI on a southwestern Korea AIDC, upgrade its sovereign foundation model from 519B to over 1T parameters with multimodal capabilities, and commercialize its Petasus AI Cloud. The strategy also includes workplace AI tools (AX dashboard, AI Board, 2,000+ internal agents) and manufacturing-focused AI solutions with SK hynix.
SK Telecom (NYSE: SKM) unveiled A.X K1, a 519 billion-parameter hyperscale AI foundation model on December 27, 2025, developed by an eight-member SKT consortium.
A.X K1 is described as a 500B-scale "Teacher Model" intended to transfer knowledge to smaller models (below 70B) and to serve as national AI infrastructure, with planned open-source release, APIs, and partial training-data disclosure. The consortium plans to deliver A.X K1 via existing services (A-DoT: 10M+ subscribers; broader 20M-user service foundation) and to validate Korea's semiconductor and AIDC capabilities; more than 20 institutions submitted letters of intent to participate.
SK Telecom has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on April 29, 2025, covering the financial year ended December 31, 2024.
The 2024 Annual Report can be accessed through two official channels:
- SK Telecom's website (www.sktelecom.com)
- SEC's website (www.sec.gov)
Investors and stakeholders can request free printed copies of the complete audited financial statements, including footnotes, for the year ended December 31, 2024, by sending a written request to skt.ir@sk.com.
SK Telecom (NYSE: SKM) has joined the MIT GenAI Impact Consortium as a founding member alongside OpenAI, The Coca-Cola Company, Tata Group, Analog Devices, and TWG Global. The consortium, a strategic priority of MIT President Sally Kornbluth, aims to explore the commercialization and industry implications of generative AI technologies.
Led by Anantha Chandrakasan, Dean of MIT School of Engineering and Chief Innovation Officer, the consortium will commence full-scale research this year. SK Telecom plans to share development strategies with other founding members and explore collaboration opportunities. The company intends to implement research outcomes through its SK AI R&D Center, focusing on ICT, semiconductors, and energy sectors.
The SK AI R&D Center serves as SK Group's AI technology control tower, supporting operations in AI modeling, vision AI, digital twins, and AI factories.
Penguin Solutions (PENG) has completed a strategic investment from SK Telecom (SKT), with SKT acquiring 200,000 convertible preferred shares at $1,000 per share, totaling $200 million. The preferred shares are convertible into ordinary shares at $32.80784 per share and carry a 6% annual dividend. The company plans to use the proceeds to enhance its AI factory offerings.
Following this investment, Min Yong Ha, SKT's Chief Development Officer, has joined Penguin Solutions' Board of Directors. The company has updated its fiscal year 2025 outlook, adjusting GAAP diluted earnings per share from $0.30 (±$0.20) to $0.10 (±$0.20), and Non-GAAP diluted earnings from $1.70 (±$0.20) to $1.50 (±$0.20).