Welcome to our dedicated page for Sk Telecom news (Ticker: SKM), a resource for investors and traders seeking the latest updates and insights on Sk Telecom 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.
Oysterable has launched its innovative Lalaloop© AIoT resource circulation solution at MWC 2023 in Barcelona, aimed at tackling the issue of single-use plastics and waste.
The system features LalaloopID©, which tracks the lifecycle of resources, including carbon emissions and waste data, allowing users to trade carbon credits. It offers a self-serve Reverse Vending Machine (RVM) that automates recycling and rewards participation in waste reduction.
With over 12 patents secured and around 80,000 users of its app, Oysterable is poised to enhance sustainability efforts across Korea, the U.S., Europe, and Asia.
SK Telecom (NYC: SKM) held a press conference on Feb. 26, 2023, in Barcelona, outlining its vision for 'AI to Everywhere' across five key areas: Customer & Technology, Time & Space, AI Transformation (AIX) for Industries, Core Business Model, and ESG. CEO Ryu highlighted the success of their AI service 'A.', achieving 1 million subscribers in 9 months, and plans to expand features from 30 to 100. Additionally, SKT is advancing urban air mobility, autonomous driving, and its metaverse service 'ifland,' which boasts 4 million monthly active users. They aim to drive AI innovations in various industries while enhancing subscriber experience through personalized services.
On February 18, 2023, SK Telecom (NYSE:SKM, SKT) announced its participation in MWC Barcelona 2023 from February 27 to March 2. The company will showcase advancements in AI technologies, including the large language model 'A.', 'Vision AI', and 'SAPEON' AI semiconductors. SKT aims to highlight its evolution into an AI company and enhance global partnerships, with CEO Ryu Young-sang promoting collaborations in AI, metaverse, and telecommunications. The event will feature a life-scale UAM aircraft simulator and next-generation 6G technologies, emphasizing SKT's commitment to innovation and global market expansion.
On October 27, 2022, SK Broadband signed a $4 million investment commitment with Swit Technologies, aiming to enhance the global collaboration platform market. This partnership will establish a dedicated sales team, providing Swit’s services to all SK Broadband clients to facilitate digital transformation in hybrid work environments. SK Broadband's VP, Lee Bang-yeol, emphasized the opportunity for increased productivity and company culture improvement. Swit's Work OS, recognized for its scalability and ease of use, is set to lead this digital transformation in Korea.
On April 28, 2022, SK Telecom filed its Annual Report on Form 20-F for the year ending December 31, 2021 with the U.S. SEC. This report is accessible on SK Telecom's official website and the SEC's site. Investors can also request printed copies of the complete audited financial statements free of charge.
SK Telecom (NYSE:SKM) and Joby Aviation (NYSE:JOBY) have announced a partnership to launch emissions-free aerial ridesharing services in South Korea. SKT CEO Ryu Young-sang and Joby CEO JoeBen Bevirt signed a strategic collaboration agreement in Marina, California. This partnership aligns with South Korea's 'K-UAM' Roadmap for Urban Air Mobility, aiming to introduce a five-seat eVTOL aircraft with a range of 150 miles and a top speed of 200 mph. The integration of SK's T Map mobility platform with Joby's services is expected to enhance urban transportation.
On January 8, 2022, at CES 2022, SK Telecom, SK Square, and SK hynix announced the formation of the 'SK ICT Alliance' to jointly advance ICT convergence technologies. This collaboration aims to enhance global competitiveness in sectors like semiconductors, 5G, and AI, leveraging SK Telecom's technologies and SK hynix's semiconductor innovations. The initiative includes the establishment of SAPEON Inc. in the U.S. to promote SK Telecom's AI chip, SAPEON, and aims to create over KRW 1 trillion in investment capital for innovative tech sectors.
On January 6, 2022, SK Telecom (NYSE:SKM) executives, including CEO Ryu Young-sang, met with Qualcomm's CEO Cristiano Amon at CES 2022 to discuss strategic collaboration in ICT, focusing on semiconductors and 5G technologies. The discussions emphasized partnerships in developing data center applications and high-speed memory solutions. Park Jung-ho, CEO of SK Square, highlighted the necessity of cooperation amid intense global competition. SK Telecom holds a leading position in the Korean market, with 30 million subscribers, nearly half of the total market share.
SK Telecom (NYSE: SKM) announced its participation at CES 2022 in Las Vegas from January 5 to 8, focusing on green ICT for Net Zero. The company will exhibit innovations like the SAPEON AI chip, which uses 20% less power than GPUs while enhancing deep learning efficiency by 1.5 times. SKT's Single RAN technology reduces power usage by approximately 53%. Additionally, its metaverse platform Ifland promotes virtual events to cut carbon emissions, and the Habit Cup Project aims to reduce plastic waste in Seoul. SKT leads Korea's mobile market with over 30 million subscribers.
SK Telecom (SKM) announces its debut at E3 2021, the largest video game exhibition, targeting the global console game market. The company will showcase games developed by South Korean firms, including ANVIL, Little Witch in the Woods, VAPOR World, and NEOVERSE. E3 2021, hosted online due to COVID-19, runs from June 16. SKT aims to raise awareness of Korean games and help developers enter global markets. Vice President Cho Jae-yoo expressed excitement about collaborating with major game developers and leveraging 5G Cloud Gaming to expand opportunities.