SK Telecom (NYSE: SKM) to invest Won 738B in SKHNPS for AI strategy

Rhea-AI Filing Summary

SK Telecom plans a strategic equity investment in SK hynix NAND Product Solutions Corp. (SKHNPS) to support its artificial intelligence business. The board approved a capital contribution commitment to acquire 1,198 newly issued SKHNPS shares for an aggregate acquisition value of Won 738,384,000,000, representing a 0.9% stake.

The planned investment equals 5.70% of SK Telecom’s total shareholders’ equity of Won 12,955,292,392,172 and will be funded in cash. The scheduled acquisition date is June 25, 2030. The Won amount is based on an exchange rate of Won 1,538.30 per U.S. dollar as of June 25, 2026 and may change with future exchange rate movements.

Insights

Equity strategist

SK Telecom commits to a moderate, strategic AI-related equity investment.

SK Telecom approved a capital contribution commitment to acquire 1,198 newly issued shares of SKHNPS for Won 738,384,000,000, equating to a 0.9% stake. This is structured as a cash investment, targeting synergies with its artificial intelligence operations.

The commitment equals 5.70% of SK Telecom’s total shareholders’ equity of Won 12,955,292,392,172, sizable but not transformational. The aggregate acquisition value is tied to an exchange rate of Won 1,538.30 per U.S. dollar as of June 25, 2026, so reported Won figures could vary with currency movements.

The scheduled acquisition date is June 25, 2030, and the company expects to fund capital contributions within the committed amount upon SKHNPS’s request. Subsequent disclosures may clarify the operational integration between SK Telecom’s AI initiatives and SKHNPS’s semiconductor sales and R&D activities.

Key Figures

Aggregate acquisition value: Won 738,384,000,000 Shares to be acquired: 1,198 shares Planned shareholding ratio: 0.9% +5 more

8 metrics

Aggregate acquisition value Won 738,384,000,000 Capital contribution commitment to acquire SKHNPS shares

Shares to be acquired 1,198 shares Newly issued SKHNPS shares

Planned shareholding ratio 0.9% Equity stake in SKHNPS after acquisition

Total shareholders’ equity Won 12,955,292,392,172 SK Telecom total shareholders’ equity baseline

Acquisition value vs equity 5.70% Ratio of acquisition value to total shareholders’ equity

SKHNPS share capital Won 2,605,346,779,092 Share capital of SKHNPS

SKHNPS shares outstanding 101,875 shares Total number of SKHNPS shares issued and outstanding

FX rate used Won 1,538.30 per U.S. dollar Exchange rate on June 25, 2026 for translation

Key Terms

capital contribution commitment, aggregate acquisition value, shareholding ratio, total shareholders’ equity, +1 more

5 terms

capital contribution commitment financial

"The Company has decided to enter into a capital contribution commitment agreement for the acquisition of newly issued shares of SKHNPS."

aggregate acquisition value financial

"Aggregate Acquisition Value (Won): 738,384,000,000"

shareholding ratio financial

"Shareholding Ratio (%): 0.9"

total shareholders’ equity financial

"The Company’s Total Shareholders’ Equity (Won): 12,955,292,392,172"

foreign private issuer regulatory

"Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

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

Available on EDGAR 06/26/2026 - 06:06 AM Accepted by SEC EDGAR 06/26/2026 - 06:03 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 JUNE 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 ☐

Decision on Capital Contribution Commitment

On June 25, 2026, in order to facilitate synergies with its artificial intelligence (“AI”) business, the board of directors of SK Telecom Co., Ltd. (the “Company”) approved the Company’s proposed acquisition of certain shares to be newly issued by SK hynix NAND Product Solutions Corp. (“SKHNPS”). Details of the proposed transaction are as follows:

1. Title		Decision on Capital Contribution Commitment for SK hynix NAND Product Solutions Corp.
2. Key Details		(1) The Company has decided to enter into a capital contribution commitment agreement for the acquisition of newly issued shares of SKHNPS. (2) Details of SKHNPS • Company Name: SK hynix NAND Product Solutions Corp. • Country of Incorporation: United States • Representative: Hyunjong Song • Relationship to the Company: Affiliated company • Principal Business: Sales and research and development of semiconductors • Share Capital (Won): 2,605,346,779,092 • Total Number of Shares Issued and Outstanding: 101,875 (3) Details of Acquisition • Number of Shares to be Acquired: 1,198 • Aggregate Acquisition Value (Won): 738,384,000,000 • Shareholding Ratio (%): 0.9 • The Company’s Total Shareholders’ Equity (Won): 12,955,292,392,172 • Ratio of Aggregate Acquisition Value to the Company’s Total Shareholders’ Equity: 5.70 • Scheduled Acquisition Date: June 25, 2030 (4) Method of Acquisition: Cash (5) Purpose of Acquisition: To facilitate synergies with the Company’s AI business by acquiring an equity stake in SKHNPS
3. Date of Resolution by the Board of Directors		June 25, 2026
• Attendance of Outside Directors		Present: 5; Absent: 0
4. Other Important Matters Relating to Investment Decision • The aggregate acquisition value set forth in Item 2(3) above has been translated into Won using the exchange rate of Won 1,538.30 per U.S. dollar as announced by Hana Bank on June 25, 2026, the date of the resolution by the Company’s board of directors, and may change depending on future exchange rate fluctuations. • The aggregate acquisition value set forth in Item 2(3) above represents the total amount of the Company’s expected capital contribution. The Company expects to make its capital contribution within the committed amount upon SKHNPS’s request for capital contribution payment.

•

The scheduled acquisition date set forth in Item 2(3) above refers to the last date on which the Company may make its capital contribution under the terms of the Company’s capital contribution commitment agreement.

•

The number of shares to be acquired, aggregate acquisition value, shareholding ratio, scheduled acquisition date and other matters set forth above may change subject to future developments relating to the transaction.

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: June 26, 2026

FAQ

What investment in SK hynix NAND Product Solutions is SK Telecom (SKM) planning?

SK Telecom plans to acquire 1,198 newly issued shares of SK hynix NAND Product Solutions Corp. This cash investment has an aggregate acquisition value of Won 738,384,000,000, giving SK Telecom a 0.9% equity stake in the U.S.-incorporated semiconductor sales and R&D affiliate.

How large is SK Telecom’s planned SKHNPS investment relative to its equity?

The planned SKHNPS investment equals 5.70% of SK Telecom’s total shareholders’ equity. The filing states total shareholders’ equity of Won 12,955,292,392,172, so the Won 738,384,000,000 commitment represents a meaningful but not dominant use of balance sheet capacity.

Why is SK Telecom (SKM) investing in SK hynix NAND Product Solutions Corp.?

SK Telecom’s stated purpose is to facilitate synergies with its artificial intelligence business by acquiring an equity stake in SKHNPS. SKHNPS focuses on sales and research and development of semiconductors, aligning its capabilities with SK Telecom’s AI-related infrastructure and technology needs.

When is SK Telecom scheduled to complete the SKHNPS share acquisition?

The scheduled acquisition date for the SKHNPS shares is June 25, 2030. SK Telecom expects to make capital contributions within the committed amount upon SKHNPS’s request for payment, following the capital contribution commitment approved by the board on June 25, 2026.

How was the Won value of SK Telecom’s SKHNPS investment calculated?

The aggregate acquisition value was translated into Won using an exchange rate of Won 1,538.30 per U.S. dollar. This rate was announced by Hana Bank on June 25, 2026, the board resolution date, and the Won-denominated value may change with future exchange rate fluctuations.

What governance steps did SK Telecom (SKM) take to approve the SKHNPS investment?

SK Telecom’s board of directors approved the capital contribution commitment on June 25, 2026. All outside directors were present, with 5 present and 0 absent, indicating full outside director participation in authorizing the proposed acquisition of newly issued SKHNPS shares.