SK Telecom (SKM) reviews AI data center options, clarifies KKR and Won 1T capital talk

Rhea-AI Filing Summary

SK Telecom Co., Ltd. addressed media reports about a potential equity investment by Kohlberg Kravis Roberts & Co. in an artificial intelligence data center project and a possible capital increase of approximately Won 1 trillion. The company stated that it is reviewing various strategic options for its AI data center business but has made no specific determinations or decisions as of the report date. SK Telecom plans to provide a further disclosure once related matters are determined, or within one month of the date of this report.

Insights

Telecom & infrastructure analyst

SK Telecom signals AI data center plans are exploratory, not yet decided.

SK Telecom clarified that news reports about Kohlberg Kravis Roberts & Co. reviewing acquisition financing and a potential Won 1 trillion capital increase relate to options still under review. Management emphasized that no specific decisions have been made regarding its AI data center business.

The clarification limits over-interpretation of the reported scale or structure of any future transaction. It does, however, confirm that strategic initiatives around AI data centers are actively being evaluated. The company indicated it will update the market when decisions are made, or by one month from this report, providing a clear near-term information timeline.

Key Figures

Rumored capital increase size: Won 1 trillion Disclosure timing commitment: within one month Report date: July 10, 2026

3 metrics

Rumored capital increase size Won 1 trillion Amount cited in media reports about potential equity financing for the AI data center project

Disclosure timing commitment within one month Period within which the company expects to make a further disclosure from the date of the report

Report date July 10, 2026 Date of SK Telecom’s clarification regarding AI data center financing rumors

Key Terms

capital increase, equity investment, AI data center, strategic options

4 terms

capital increase financial

"that a capital increase of approximately Won 1 trillion is being contemplated"

A capital increase is when a company raises new equity funding by issuing additional shares or otherwise expanding its ownership base. Investors watch these moves because they supply cash for growth, acquisitions or debt reduction, but they can also reduce each existing share’s ownership and claim on profits—like adding more slices to a pizza: the pie may grow, but each slice can become smaller unless overall value increases proportionally.

equity investment financial

"in connection with its potential equity investment in an artificial intelligence"

An equity investment is buying ownership in a company by purchasing its shares, which gives you a claim on future profits and a portion of the company's value. It matters to investors because returns depend on the company’s growth and performance—like owning a slice of a pie that can grow or shrink—so you can gain through rising share prices or dividends but also risk losing value if the business falters.

AI data center technical

"equity investment in an artificial intelligence (“AI”) data center project"

An AI data center is a specialized facility that houses powerful computers, networking gear, and cooling systems designed specifically to run and store artificial intelligence workloads, like training large models and serving real-time AI applications. Investors care because these centers are capital-intensive infrastructure that enable companies to offer advanced AI services, drive recurring revenue, and create competitive advantages, much like a factory that determines how quickly and cheaply a business can produce its product.

strategic options financial

"it is reviewing various strategic options in connection with its AI data center business"

Strategic options are different choices or paths a company can take to achieve its long-term goals, such as expanding, reducing costs, or entering new markets. For investors, understanding these options helps assess a company's future plans and how it might grow or adapt, which can influence its value and potential for success. They provide a way to evaluate how a business might respond to changing circumstances or opportunities.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 07/10/2026 - 06:04 AM Accepted by SEC EDGAR 07/10/2026 - 06:02 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF JULY 2026

Commission File Number: 333-04906

SK Telecom Co., Ltd.

(Translation of registrant’s name into English)

65, Euljiro, Jung-gu

Seoul 04539, Korea

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒     Form 40-F ☐

Clarification Regarding Rumors or Media Reports

On July 10, 2026, certain news outlets, including News Tomato, reported that Kohlberg Kravis Roberts & Co. is reviewing acquisition financing in connection with its potential equity investment in an artificial intelligence (“AI”) data center project being developed by SK Telecom Co., Ltd. (the “Company”), and that a capital increase of approximately Won 1 trillion is being contemplated. In response to such news reports, the Company hereby clarifies that, while it is reviewing various strategic options in connection with its AI data center business, no specific determinations or decisions have been made as of the date hereof.

The Company expects to make a further disclosure when matters relating to the foregoing are determined, or within one month of the date of this report.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SK TELECOM CO., LTD.
(Registrant)
By: /s/ Taehee Kim
(Signature)
Name:		Taehee Kim
Title:		Vice President

Date: July 10, 2026