SK Telecom 

“Market Cap $16.57 B As of May 2014

At a Glance
  • Industry: Telecommunications services
  • Founded: 1984
  • Country: South Korea
  • CEO: Sung-Min Ha
  • Website: www.sktelecom.com
  • Employees: 4,071
  • Sales: $15.25 B
  • Headquarters: Seoul
Forbes Lists

#460 Global 2000

  • #624 in Sales
  • #444 in Profit
  • #868 in Assets
  • #680 in Market value

SK Telecom Co., Ltd. engages in the provision of cellular telephone and wireless communication services. The company provides cellular voice, wireless data, broadband internet, and fixed-line telephone services, including digital convergence and new businesses. Its cellular voice services offers wireless voice transmission through its backbone cellular networks and wireless global roaming services through service agreements with various foreign wireless telecommunications service providers. The company’s wireless data services include wireless internet access that allows subscribers to access a range of online digital content and services and to send and receive text and multimedia messages using their mobile phones. Through the company’s subsidiary, SK Broadband, the company offers broadband internet access, video-on-demand, and IP television services, as well as local, domestic long-distance and international long-distance fixed-line telephone services to residential and commercial subscribers. Its digital convergence and new businesses include 11th Street, an online shopping mall, T Store, an online open marketplace for mobile applications, and Telematics, which makes use of global positioning system technology. The company offers their wireless telecommunications services through backbone networks based on code division multiple access (CDMA) and wireless code division multiple access (WCDMA) technologies, while it provides its wireless broadband Internet access through its WiBro service. SK Telecom also invests in research and development of new wireless technologies and services as well as value-added technologies and services for its CDMA-based, WCDMA-based, long term evolution-based, and WiBro networks. Particularly, its internal research focuses on wireless data communications and the development of new technologies that reflect the growing convergence between telecommunications and other industries. The company operates through the following segments: Cellular Telephone Communication Services, Fixed-Line Telecommunication Services, and Others. The Cellular Telephone Communication Services segment includes cellular voice, wireless data, and wireless internet services. The Fixed-Line Telecommunication Services segment deals with telephone and internet services. The Others segment consists of operations from the company’s leased line services, internet portal services, and game manufacturing. SK Telecom was founded on March 29, 1984 and is headquartered in Seoul, South Korea.

*Information from Forbes.com

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