AUDIT
COMMITTEE

INDEPENDENT DIRECTOR
RECOMMENDATION COMMITTEE

COMPENSATION
COMMITTEE

CAPEXREVIEW
COMMITTEE

CORPORATE CITIZENSHIP
COMMITTEE

SK Telecom's Audit Committee is composed of three members, all of whom were independent directors appointed from outside the company as of December 31, 2009.

Members	Independent Directors
3 directors	Dal Sup Shim, Hyun Jin Lim, Jae Ho Cho

The Audit Committee was created in accordance with the company's Articles of Incorporation.

Meeting	Date	Agenda	Determination	Remarks
The first meeting of 2009	January 21, 2009	Plans for Issuance of Corporate Bonds B2B contract with TU Media Internal Auditor’s Report on Internal Monitoring System Management Audit Results for the Second Half of 2008 Evaluation of Internal Accounting Controls	- Approved as proposed Approved as proposed - -	-
The second meeting of 2009	February 16, 2009	Reports on 2008 Korean GAAP Audit Report on Review of Internal Accounting Management System 2009 Management Audit Plan Auditor’s Report for Fiscal Year 2008 Evaluation of Internal Accounting Management System Operation Appointment of Auditor for FY 2009-2011 Construction of Mobile Phone Facilities for 2009	- - - Approved as proposed Approved as proposed Approved as proposed Approved as proposed	-
The third meeting of 2009	March 13, 2009	Purchase of Mobile Phone Relay Device for 2009 Construction of Mobile Phone Facilities for 2009 2009 2Q Transactions with SK C&C Co., Ltd. Long-term Financing Plan for Foreign Currency Issuance of Offshore Convertible Bonds and Transfer of Treasury Shares Asset Management Transaction with Affiliated Company (SK Securities)	Approved as proposed Approved as proposed Approved as proposed - - -	-
The fourth meeting of 2009	April 23, 2009	Audit Plan for 2009 Auditor Fees for 2009 Re-approval of entire Auditor Services for 2009	- Approved as proposed Approved as proposed	-
The fifth meeting of 2009	May 19, 2009	Proposal for entering into an Agency Agreement with SK Marketing & Company for 2009	Approved as proposed	-
The sixth meeting of 2009	June 19, 2009	Proposal to nominate the Chairman of the Committee Proposal for purchase of Mobile Phone Relay Device for 2009 Proposal for construction of Mobile Phone Facilities for 2009 Proposal for 2009 3Q transactions with SK C&C Co., Ltd. Asset Management Transaction with Affiliated Company (SK Securities) Reports on 2008 US GAAP Audit	Approved as proposed Approved as proposed Approved as proposed Approved as proposed - -	-
The seventh meeting of 2009	July 23, 2009	Proposal for Operation Services of T map Navigation Interim Dividends Plan Interim Closing of Accounts for Six Months ended 2009	Approved as proposed - -	-
The eighth meeting of 2009	August 13, 2009	Construction of Mobile Phone Facilities for 2009 Purchase of Mobile Phone Relay Device for 2009 Amendment of the leasing contract of electronic telecommunication facilities Reports on internal accounting management system for the 1st half of 2009 Revision of accounting rules Management audit results for the 1st half of 2009	Approved as proposed Approved as proposed Approved as proposed - - -	-
The ninth meeting of 2009	September 17, 2009	Transactions with SK C&C in the 4th quarter of 2009 Asset Management Transaction with Affiliated Company (SK Securities)	Approved as proposed -	-
The tenth meeting of 2009	October 15, 2009	Agency agreement relating to outdoor advertisements	Approved as proposed	-
The eleventh meeting of 2009	November 18, 2009	Increase of Auditor Fees for 2009 Purchase of Mobile Phone Relay Device for 2009 Construction of Mobile Phone Facilities for 2009 Construction of Network Facilities Service Contract for Fixed-line Network	Approved as proposed	-
The twelfth meeting of 2009	December 17, 2009	2010 1Q Transactions with SK C&C Co., Ltd. Service contract with SKT (China) Holding Co., Ltd Service contract with SK Telecom Americas, Inc. Assignment of accounts receivable collection and billing 2010 integrated loyalty marketing plan and agency agreement with SK Marketing & Company B2B contract with TU media Service contract with respect to handset customer service Lease of telecommunications equipment Service contract for T Map operation Asset Management Transaction with Affiliated Company (SK Securities)	Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed -	-

The above information is based on public disclosure of the Company’s 2009 Business Report.

Meeting	Date	Agenda	Determination	Remarks
The first meeting of 2008	January 31, 2008	Audit Report on Internal Monitoring System 2007 Management Audit Results and 2008 Management Audit Plan Financial Statements for 24th Fiscal Year Business Report for 24th Fiscal Year 2008 Transactions Plan with SK C&C Evaluation of Internal Accounting Controls	Approved as proposed - - - - - -	-
The second meeting of 2008	February 18, 2008	Results Reports on Review of Internal Accounting Management System for 24th Fiscal Year Reports on 2007 Korean GAAP Audit Auditor’s Report for Fiscal Year 2007 Evaluation of Internal Accounting Management System Operation Issuance of Corporate Bond	- - Approved as proposed Approved as proposed -	-
The third meeting of 2008	March 27, 2008	Nomination of the Chairman of the Committee 2008 2Q Transaction with SK C&C Co., Ltd. Planning for Amendment to Internal Accounting Rules	Approved as proposed Approved as proposed -	-
The fourth meeting of 2008	May 29, 2008	Construction of Mobile Phone Facilities for 2008 Purchase of Mobile Phone Relay Device for 2008 Agency Agreement with SK Marketing & Company for 2008 B2B Agreement with TU Media Co., Ltd. Auditor Fees for 2008 Renewal of Service Contract with Auditor for 2008 Planning for Fiscal Year 2008 Audit	Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed -	-
The fifth meeting of 2008	June 11, 2008	2008 3Q Transactions with SK C&C Co., Ltd.	Approved as proposed	-
The sixth meeting of 2008	June 26, 2008	Report on Results for Fiscal Year 2008 GAAP Audit	-	-
The seventh meeting of 2008	July 17, 2008	Interim Closing of Accounts for Six Months ended 2008 Planning of Interim Dividends Planning of Asset Management Transactions with Affiliated Company (SK Securities)	-	-
The eighth meeting of 2008	August 20, 2008	Purchase of Mobile Phone Relay Device for 2008 Construction of Mobile Phone Facilities for 2008 Report on Korean GAAP Review of the Financial Statements for the First Half of 2008 Evaluation of Internal Accounting Controls Management Audit Results for the First Half of 2008	Approved as proposed Approved as proposed - - -	-
The ninth meeting of 2008	September 24, 2008	Service Contract with SKTA Purchase of Mobile Phone Relay Device for 2008 Construction of Mobile Phone Facilities for 2008 2008 4Q Transaction with SK C&C Co., Ltd. Planning of Asset Management Transactions with Affiliated Company (SK Securities) Plans for Issuance of Corporate Bonds	Approved as proposed Approved as proposed Approved as proposed Approved as proposed - -	-
The tenth meeting of 2008	October 22, 2008	Plans for Acquisition of Treasury Stock for Cancellation Long-term Financing Plan	-	-
The eleventh meeting of 2008	November 20, 2008	Purchase of Mobile Phone Relay Device for 2008 Pursuit of Integrated Loyalty Marketing Mobile Cyworld Service ASP Contract Increased Auditor Fees for 2008 Status of Purchase Process of Phone Relay Device Summary and Status of CP Shareholder Return Policy for 2009	Approved as proposed Approved as proposed Approved as proposed Approved after amendment - - -	-
The twelfth meeting of 2008	December 18, 2008	2009 1Q Transactions with SK C&C Co., Ltd. Outdoor Media Advertisement Agency Service Contracts for Handset A/S Operation Lease of Telecommunication Equipment Service Contract with SKT China Holding Co. Service Contract with SKTA Renewal of IT SM Contract Planning of Asset Management Transaction with Affiliated Company (SK Securities)	Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed Approved as proposed -	-

Meeting	Date	Agenda	Determination	Remarks
The first meeting of 2007	January 24, 2007	Financial statements for the year ended December 31, 2006 Annual business report for the year ended December 31, 2006 Report on operation of internal accounting controls	-	-
The second meeting of 2007	February 12, 2007	Report on K GAAP audit of the financial statements for the year ended December 31, 2006 Report on the review of internal accounting controls for the year ended December 31, 2006 Report on the 2006 second-half management audit and the 2007 plan Auditor's opinion on internal controls Audit report for the year ended December 31, 2005 Evaluation of internal accounting controls	- - - Approved as proposed Approved as proposed Approved as proposed	-
The third meeting of 2007	April 26, 2007	Election of committee chairman Reaffirmation of services to be provided by external auditors for fiscal year 2007 Report on internal audit regarding the appropriateness of imposition of certain fines	Approved as proposed To be re-proposed at subsequent meeting	-
The fourth meeting of 2007	May 28, 2007	Accounting audit schedule for 2007 Remuneration for outside auditor for 2007 Collective re-approval of outside auditor’s service schedule for 2007	- Approved as proposed Approved as proposed	-
The fifth meeting of 2007	June 28, 2007	Issuance of Global Bond plan Report on US-GAAP audit of the financial statements for the year ended December 31, 2007	-	-
The sixth meeting of 2007	July 26, 2007	Interim dividend plan Financial results for the first half of 2007 Report on K-GAAP audit of the financial statements for the first half of 2007 Management audit results for the first half of 2007	-	-
The seventh meeting of 2007	September 19, 2007	Evaluation of internal accounting controls	-	-
The eighth meeting of 2007	November 1, 2007	Issuance of Corporate Bond Treasury Stock Buyback	-	-
The ninth meeting of 2007	November 29, 2007	2008 Shareholder Return Policy	-	-
The tenth meeting of 2007	December 20, 2007	Transactions with SK C&C during 4Q 2007 Raise of 200 Service Fee for Outside Auditors 2008 Shareholder Return Policy	Approved as proposed Approved as proposed -	-

Meeting	Date	Agenda	Determination	Remarks
The first meeting of 2006	January 20, 2006	Report on operation of internal accounting controls	-	-
The second meeting of 2006	February 13, 2006	Audit report for the year ended December 31, 2005 Evaluation of internal accounting controls	Approved as proposed	Approved as proposed
The third meeting of 2006	February 27, 2006	Auditor's opinion on the internal audit system Management audit schedule for 2006 Proposal for the election of outside auditor for 2006-2008 period	Approved as proposed - -	-
The fourth	March 8	Election of outside auditor for 2006-2008	Approved as	-
meeting of 2006	2006	period	proposed	-
The fifth meeting of 2006	April 25, 2006	Election of chairman Remuneration for outside auditor Collective re-approval of outside auditor's service schedule for 2006 Management report	Approved as proposed Approved as proposed Approved as proposed	-
The sixth meeting of 2006	May 25, 2006	Report on issuance of overseas convertible bonds and approval of related treasury stock disposition plan, as amended	-	-
The seventh meeting of 2006	June 20, 2006	Audit report for 2005 US GAAP financial statements	-	-
The eighth meeting of 2006	July 5, 2006	Report on operation of Ethics Counseling Center Report on activities relating to the prevention of ethical issues Report on the Company's current operations	-	-
The ninth meeting of 2006	April 27, 2006	Interim dividend plan Plan to acquire the Company's common stock for cancellation Management audit results for the first half of 2006	-	-
The tenth meeting of 2006	August 30, 2006	Plans for issuance of corporate bonds and long-term borrowings Plan to acquire the Company's common stock for cancellation Report on the Company's current operations	-	-
The eleventh meeting of 2006	October 26, 2006	Report on status of internal accounting controls Plan for issuance of corporate bonds Report on the Company's current operations	-	-

Meeting	Date	Agenda	Determination	Remarks
9th	August 25, 2005	Report on status of company management	-	-
8th	July 28, 2005	Report on status of internal accounting management systems Report on status of company management	-	-
7th	June 24, 2005	Request for services of independent auditors (proposal) Report on status of company management	Approved	-
6th	May 26, 2005	Remuneration of independent auditors for 2005 (proposal) Report on status of company management	Approved	-
5th	May 2, 2005	Approving the request for services of independent auditor for 2005 (proposal) Appointment of representative director for Audit Committee (proposal)	Approved	-
4th	March 22, 2005	Request for services of independent auditor (proposal) Auditor’s opinion on internal auditing mechanisms (proposal)	Approved	-
3rd	March 10, 2005	Evaluation of operational status of internal accounting management systems (proposal)	Approved	-
2nd	February 21, 2005	2004 Auditor's Report (proposal) Report on operational status of internal accounting management systems	Approved	-
1st	January 25, 2005	Report on status of company management	-	-

Meeting	Date	Agenda	Determination	Remarks
10th	December 2, 2004	Report on status of company management	-	-
9th	September 24, 2004	Remuneration of independent auditor for 2004 (proposal)	Approved	-
8th	September 23, 2004	Report on status of company management	-	-
7th	August 27, 2004	>Report on operational status of internal accounting management systems.	-	-
6th	May 20, 2004	Appointment of representative director for Audit Committee (proposal) Additional blanket approval for request of services of independent auditors (proposal)	Approved	-
5th	April 22, 2004	Report on status of company management	Approved	-
4th	March 12, 2004	Report on status of company management	-	-
3rd	March 8, 2004	Request for services of independent auditor (proposal)	-	-
2nd	February 22, 2004	2003 Auditor's Report (proposal) Evaluation of operational status of internal accounting management systems (proposal)	-	-
1st	January 24, 2004	Report on status of company management	-	-

Meeting	Date	Agenda	Determination	Remarks
14th	December 24, 2003	Report on status of company management	-	-
13th	November 27m 2003	Request for services of independent auditor (proposal)	Approved	-
12h	November 5, 2003	Report on status of company management	-	-
11th	October 29, 2003	Report on status of company management	-	-
10th	October 24, 2003	Report on status of company management	-	-
9th	August 29, 2003	Report on status of company management	-	-
8th	July 25, 2003	Report on status of company management	-	-
7th	June 5, 2003	Report on status of company management	-	-
6th	June 5, 2003	Report on status of company management	-	-
5th	May 23, 2003	Report on status of company management	-	-
4th	May 20, 2003	Report on status of company management	-	-
3rd	May 2, 2003	Report on status of company management	-	-
2nd	March 20, 2003	2002 Auditor's Report (proposal) Evaluation of operational status of internal accounting management systems (proposal) Approval of appointment independent auditor (proposal)	-	-
1st	November 27, 2003	Report on status of company management	-	-