1. Subject
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Response to the Korea Exchanges request for information regarding press reports of contemplated split-off of SK Telecom Co., Ltd. (the Company) into three companies | |
2. Details
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The Company has been contemplating various measures to strengthen its new businesses and enhance its enterprise value. In this regard, the Company plans to split-off its platform business, which is a new growth business that the Company focuses its efforts on, as a wholly-owned subsidiary of the Company in order to enhance the independent management and expertise suitable for the new business. | |
We expect the split-off will become effective as of October 1, 2011. However, details of the split-off, including the effective date, will be determined by the resolutions of the Companys Board of Directors and an extraordinary general meeting of shareholders. | ||
The split-off plan is subject to change pursuant to the resolution of the Board of Directors. The Company will update the disclosure when details of the plan are confirmed or within three months. | ||
3. Expected date of updated
disclosure
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By August 31, 2011 |
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SK Telecom Co., Ltd. (Registrant) |
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By: | /s/ Kiwook Lee | |||
(Signature) | ||||
Name: | Kiwook Lee | |||
Title: | Senior Vice President | |||
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