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Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Services / Wireless
sktelecom.com

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Investments

41

Portfolio Exits

11

Partners & Customers

10

About SK Telecom

SK Telecom (KRX: 017670) (NYSE: SKM), part of SK Group, is a South Korea-based mobile telecommunications operator. In addition to its mobile network services, the company also provides IoT, media, home and platform services.

SK Telecom Headquarter Location

SK T-Tower 65, Eulji-ro, Jung-gu

Seoul, 04539,

South Korea

+82 (0)2 6100 2114

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SK Telecom Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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SK Telecom Rank

Latest SK Telecom News

SK telecom: Appealing Dividend Stock With Close to 7% Yield

Jun 20, 2022

SK telecom: Appealing Dividend Stock With Close to 7% Yield Share SK telecom: Appealing Dividend Stock With Close to 7% Yield By Kim Joon-sop   Maintain BUY, target price of KRW75,000    We maintain BUY and TP of KRW75,000 for SKT. Our investment points include (1) a strengthened dividend policy, (2) profitability improvement on moderating marketing competition for Mobile and (3) expectations of high B2B growth. 2022E: DPS of KRW3,500, dividend yield of 6.9%      Given 2022E DPS KRW3,500, we estimate the dividend yield reaching 6.9% (or 7.8% with 2022E DPS KRW4,000). We forecast an increase in dividend yield because of a decline in stock price, yet the level of dividend yield is still significant because there were only 10 companies among listed domestic firms in 2021 that generated a dividend yield of over 6.9%. We estimate 2022 DPS KRW3,500 given the company’s dividend policy of paying out 30-40% of EBITDA minus capex; for 1Q22, the company paid out KRW830 per share. Profitability to improve with decline in marketing costs        Cash-based marketing costs are clearly trending downward across Telecom. With flagship handset prices having increased significantly, telcos have found little reason to engage in marketing competition. Also, compared to its competitors, SKT completed the booking of hefty subsidies that were offered in the initial phase of 5G services (2Q-3Q19) more quickly; we note that the subsidies were booked according to customer lifespan, with that of SKT at 26 months, which is longer than that of its competitors (KT/LG Uplus at 21 months/24 months). Thus, SKT should see greater profitability improvement than its rivals. Supply-demand issue regarding foreign investors should gradually recede  SKT’s relatively high foreign ownership is weighing on the stock price (50% limit for telcos). The supply-demand issue involving foreign investors should gradually recede, however, given SKT’s generous dividend yield compared to that of global telcos as well as decline in foreign ownership (48.78% on May 20→47.8%). POPULAR

SK Telecom Investments

41 Investments

SK Telecom has made 41 investments. Their latest investment was in HAEGIN as part of their Series B - II on May 5, 2022.

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SK Telecom Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/9/2022

Series B - II

HAEGIN

$39.19M

Yes

3

4/13/2022

Corporate Minority

Morph Interactive

Yes

4

3/3/2022

Corporate Minority

CMES

$7.84M

Yes

3

8/30/2021

Corporate Minority

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$99M

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10

6/14/2021

Corporate Minority

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10

Date

5/9/2022

4/13/2022

3/3/2022

8/30/2021

6/14/2021

Round

Series B - II

Corporate Minority

Corporate Minority

Corporate Minority

Corporate Minority

Company

HAEGIN

Morph Interactive

CMES

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Amount

$39.19M

$7.84M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

4

3

10

10

SK Telecom Portfolio Exits

11 Portfolio Exits

SK Telecom has 11 portfolio exits. Their latest portfolio exit was Storms on February 08, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/8/2022

Corporate Majority

$99M

6

11/1/2021

Spinoff / Spinout

SK Square

$99M

1

10/15/2020

Spinoff / Spinout

$99M

1

8/21/2020

IPO

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$99M

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10

8/22/2019

Merger

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$99M

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10

Date

2/8/2022

11/1/2021

10/15/2020

8/21/2020

8/22/2019

Exit

Corporate Majority

Spinoff / Spinout

Spinoff / Spinout

IPO

Merger

Companies

SK Square

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

6

1

1

10

10

SK Telecom Acquisitions

10 Acquisitions

SK Telecom acquired 10 companies. Their latest acquisition was T1 Entertainment on October 01, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/1/2019

Other

$99M

Corporate Majority

1

8/22/2019

$99M

Corporate Majority

3

5/8/2018

$99M

Acquired

5

2/26/2018

Other Venture Capital

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$99M

$99M

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10

3/1/2016

Other Venture Capital

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$99M

$99M

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10

Date

10/1/2019

8/22/2019

5/8/2018

2/26/2018

3/1/2016

Investment Stage

Other

Other Venture Capital

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Corporate Majority

Corporate Majority

Acquired

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Sources

1

3

5

10

10

SK Telecom Partners & Customers

10 Partners and customers

SK Telecom has 10 strategic partners and customers. SK Telecom recently partnered with Deutsche Telekom on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/9/2022

Partner

Germany

SK Telecom, Deutsche Telekom forge metaverse alliance

In January 2021 , SK Telecom and Deutsche Telekom Capital Partners founded a 50:50 joint venture Techmaker dedicated to 5G indoor wireless technology .

3

5/8/2022

Partner

Germany

SK Telecom, Deutsche Telekom forge metaverse alliance

As part of the long-term plan , SK Telecom said the company and Deutsche Telekom Capital Partners are considering establishing a joint venture in Germany , in order to find more European telecommunication partners .

1

4/18/2022

Licensee

France

SK Telecom’s digital remastering technology Supernova going global

`` Through this partnership , we hope to introduce Supernova 's competitiveness around the world , '' said Kim Hyuk , SK Telecom 's global media support lead .

2

4/13/2022

Client

South Korea

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10

2/6/2022

Partner

United States

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10

Date

5/9/2022

5/8/2022

4/18/2022

4/13/2022

2/6/2022

Type

Partner

Partner

Licensee

Client

Partner

Business Partner

Country

Germany

Germany

France

South Korea

United States

News Snippet

SK Telecom, Deutsche Telekom forge metaverse alliance

In January 2021 , SK Telecom and Deutsche Telekom Capital Partners founded a 50:50 joint venture Techmaker dedicated to 5G indoor wireless technology .

SK Telecom, Deutsche Telekom forge metaverse alliance

As part of the long-term plan , SK Telecom said the company and Deutsche Telekom Capital Partners are considering establishing a joint venture in Germany , in order to find more European telecommunication partners .

SK Telecom’s digital remastering technology Supernova going global

`` Through this partnership , we hope to introduce Supernova 's competitiveness around the world , '' said Kim Hyuk , SK Telecom 's global media support lead .

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Sources

3

1

2

10

10

SK Telecom Team

2 Team Members

SK Telecom has 2 team members, including current Chief Executive Officer, President, Shin Bae Kim.

Name

Work History

Title

Status

Shin Bae Kim

Chief Executive Officer, President

Current

Nakkyun Chong

Senior Vice President

Former

Name

Shin Bae Kim

Nakkyun Chong

Work History

Title

Chief Executive Officer, President

Senior Vice President

Status

Current

Former

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