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SK Telecom Co., Ltd. - SKM STOCK NEWS

Welcome to our dedicated page for SK Telecom Co., Ltd. news (Ticker: SKM), a resource for investors and traders seeking the latest updates and insights on SK Telecom Co., Ltd. stock.

SK Telecom Co., Ltd. (NYSE: SKM) is South Korea's leading wireless telecommunications operator and a flagship company of the SK Group, one of the country's largest conglomerates. Founded in 1994 after acquiring KT's mobile business, SK Telecom has grown to dominate the South Korean market with 31 million mobile customers as of the most recent data.

SK Telecom operates across various segments including wireless telecom, broadband, and pay TV. As of Q4 2017, the company had 6.9 million broadband customers and 9.5 million pay TV subscribers. It owns SK Broadband, a major player in broadband internet and IPTV (Internet Protocol Television) services.

In recent years, SK Telecom has ventured into groundbreaking technologies and new business areas. In November 2021, it spun off its security, semiconductor memory production, and e-commerce units into a separate entity called SK Square, allowing it to focus more on its core telecommunications services and emerging tech sectors.

Highlights of SK Telecom's recent initiatives include:

  • Collaborations with global companies like Deutsche Telekom to develop telco-specific large language models (LLMs) for AI applications.
  • Significant advancements in AI-powered solutions, such as the AI-based call translator and spam indicator features for mobile users.
  • Partnerships with tech companies for innovative projects like the AI-powered veterinary X-ray diagnosis assistance service, X Caliber, now launched in Australia.
  • Efforts to make AI data centers more energy-efficient through collaborations with companies like Iceotope Technologies and SK Enmove.

SK Telecom continues to lead the market by expanding its AI capabilities and developing innovative services that go beyond traditional telecommunications. With a focus on AI, metaverse, cloud, and connected intelligence, SK Telecom aims to elevate customer experiences and create greater value for both individuals and businesses.

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SK Telecom (NYSE:SKM) has launched its AI-powered veterinary diagnostic service, X Caliber, in Australia in collaboration with ATX Medical Solutions. X Caliber can analyze X-ray images of pets within 15 seconds and does not require local server installation. The service boasts a sensitivity of 86-94% across various types of X-rays. The launch follows successful beta tests and will be available to over 100 veterinary clinics in Australia. Additionally, SK Telecom has signed a commercial contract with MEDIVET Pet Hospital & Clinic in Indonesia to introduce X Caliber. SK Telecom is also providing beta services in North America, Europe, and Asia, aiming for a global market expansion.

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On April 29, 2024, SK Telecom Co., filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The report can be viewed on SK Telecom's and SEC's websites. Printed copies are available upon request.

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SK Telecom (SKT) collaborates with Aptos Labs, Brevan Howard, and Microsoft to launch Aptos Ascend, a suite of institutional solutions for the global financial market. The partnership aims to bring decentralized finance to traditional financial institutions, offering compliant, secure, and scalable services supported by blockchain technology and AI. The collaboration will leverage SKT's Wallet-as-a-Service, Brevan Howard's expertise, and Microsoft's cloud services to drive innovation in the financial industry.
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Swit Technologies Inc. unveils Snap, its innovative AI co-pilot, at Google Next 24 event, revolutionizing collaborative project work. Snap integrates multiple LLMs including Google Cloud's AI models, offering features like task conversion, checklists, contextual responses, multilingual translation, and more. The debut positions Swit at the forefront of Collaboration & AI innovation, empowering organizations with efficient tools.
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SK Telecom (NYSE:SKM) enhances AI personal assistant 'A.' with new call-related features for Android users, including A. Call Translator and AI Spam Indicator. The upgrade aims to improve user experience and protect against spam calls.
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SK Telecom (SKM) partners with Iceotope Technologies and SK Enmove to develop energy-efficient liquid cooling solutions for AI data centers. The collaboration aims to reduce power consumption in data centers by deploying Precision Liquid Cooling technology.
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SAPEON partners with DOCOMO Innovations for AI services PoC, focusing on cost reduction and innovative solutions. DOCOMO testing SAPEON's X330 semiconductor for enhanced performance in various sectors like healthcare and finance.
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SK Telecom (SKM) and other leading telecommunications companies announce the establishment of a joint venture to develop Large Language Models (LLMs) for telcos. The goal is to enhance customer interactions through digital assistants and chatbots, targeting a global customer base of 1.3 billion across 50 countries.
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SK Telecom and Deutsche Telekom sign LOI for joint development of telco-specific language model
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Swit Technologies Inc. announces the release of Swit 2.0, a global Work OS solution with enhanced features and pricing options.
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FAQ

What is SK Telecom Co., Ltd.?

SK Telecom Co., Ltd. is South Korea's leading wireless telecommunications operator and part of the SK Group, with 31 million mobile customers.

Who owns SK Telecom?

SK Telecom is owned by the SK Group, one of South Korea's largest chaebols.

What services does SK Telecom offer?

SK Telecom offers wireless telecom services, broadband internet, and pay TV services, including IPTV and Cable TV.

What recent innovations has SK Telecom introduced?

Recent innovations include AI-powered features like call translation and spam detection, the AI-based veterinary X-ray service X Caliber, and energy-efficient AI data centers.

What is SK Square?

SK Square is a spin-off entity from SK Telecom, focusing on security, semiconductor memory production, e-commerce, and internet platform businesses.

What is SK Telecom's market share?

As of the latest data, SK Telecom holds a dominant market share in South Korea with 31 million mobile customers.

Who are SK Telecom's major partners?

Major partners include Deutsche Telekom for AI developments, Iceotope Technologies for energy-efficient data centers, and ATX for the veterinary AI service X Caliber.

Where does SK Telecom operate?

SK Telecom primarily operates in South Korea but is expanding services globally, including new ventures in Australia and Southeast Asia.

How is SK Telecom expanding its AI capabilities?

SK Telecom is expanding AI capabilities through partnerships and innovative projects, such as AI translators, AI spam detection, and AI data center cooling solutions.

What is X Caliber?

X Caliber is an AI-based veterinary X-ray image diagnosis assistance service developed by SK Telecom to analyze X-ray images of pets.

SK Telecom Co., Ltd.

NYSE:SKM

SKM Rankings

SKM Stock Data

8.19B
214.79M
0%
6.09%
0.29%
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