SK Telecom (NYSE: SKM, “SKT”) announced a complete overhaul of its innovative artificial intelligence (AI) service, ‘A.’ (A-DoT). The revamp aims to transform the A. app into an AI personal assistant focused on enhancing daily convenience for customers. The most significant feature of this revamp is the enhancement of natural conversation experience based on a large language model (LLM) and the strengthening of daily management functions through multi-agents. The entire user experience (UX) has been overhauled to enable flexible conversations with an LLM-based agent. A. has integrated all essential functions into the new ‘Daily’ feature, including calendar, tasks, schedules, routines and sleep. This enables comprehensive management of all aspects of a user’s daily routines. Users can save and manage appointments, meetings, to-dos and more through voice commands, reducing the need for conventional, tedious typing. Moreover, the new service greatly enhances the daily AI personal assistant experience by providing customized suggestions tailored to the user’s personal situation, preferences and other factors, such as alerting the user to weather or traffic conditions before their appointments. [Users can utilize voice commands to schedule meetings in their calendars. A. also provides customized suggestions, such as traffic and weather conditions, based on the user’s schedule.] In the updated A. app, users can access an array of seven multi-LLM agents. These include Perplexity, A.X, ChatGPT 3.5 turbo, ChatGPT 4o, Claude Haiku, Claude Opus and Claude Sonnet. Each agent offers unique conversational AI capabilities tailored to the user’s specific needs. Users can select an LLM engine that aligns with objectives, enabling them to compare responses from various models for the same query. These features will be provided free of charge for the time being. [Users can access the multi-LLM agent service on A., which offers seven agents: Perplexity, A.X, ChatGPT 3.5 turbo, ChatGPT 4o, Claude haiku, Claude opus and Claude sonnet.] In addition, the app provides specialized agent services across various fields, including music, media and stocks, ensuring a comprehensive and immersive user experience. “The A. overhaul ensures a more natural and convenient conversational experience as if the users are interacting with a real personal assistant,” said Kim Yonghun, Vice President and Head of the AI Service Business Division at SKT. “We will continue to innovate to provide AI services that save our customers’ precious time and enhance convenience and quality of life.” *Disclaimer: A.(A-DoT) is currently only available in Korean.

SK Telecom (NYSE:SKM, “SKT”) today announced that it entered into a partnership agreement with Lambda, the GPU cloud company founded by AI engineers, for collaboration in the AI cloud business. The two companies agreed to establish a large-scaleNVIDIAGPU cluster to support AIcloudbusiness opportunities in South Korea. SKT and Lambda will deployNVIDIA GPU clustersinSK Broadband’s Gasan data center in Korea by the end of this year. This cluster will be based on Lambda’s cloud computing platform, acceleratedby NVIDIA. Establishing a strategic partnership with Lambda underscores SKT’s commitment to providing unprecedented access to scalable AI infrastructure in South Korea. SKT will launch AI cloud services, including GPU-as-a-Service (GPUaaS), to enable enterprises to access GPU cloud services on an as-needed basis to develop or utilize AI services. The collaboration between the two companies is expected to boost the expansion of SKT’s AI cloud services into the global market. “A strategic partnership with Lambda will strengthen our competitiveness in AI cloud services and develop greater business opportunities in Korea,” said Kim Kyeong-deog, Vice President and Head of Enterprise Business Division at SKT. “SKT shares in our vision to make GPU compute as ubiquitous as electricity,” said Lambda CEO and co-founder Stephen Balaban. “Given the rapid pace of innovation in AI happening in South Korea, we’re excited to partner with SKT and support their effort to grow and develop their AI cloud expertise in the region.”

SAPEON Korea, an artificial intelligence (AI) semiconductor company established by SK Telecom (NYSE: SKM, “SKT”), and Rebellions Inc., a South Korean AI chip startup, announced today that they have signed a definitive merger agreement. On June 12, both companies announced plans to merge, aiming to boost global AI infrastructure competitiveness. Since then, they have been mutually conducting due diligence and negotiating merger terms. SAPEON Korea and Rebellions agreed upon a merger based on an equity value ratio of 1:2.4 between the two companies, reflecting their corporate values and assets. Post-merger, SAPEON Korea will be the surviving entity, with Rebellions’ current leadership managing the merged entity. The merged entity is expected to be launched within this year. The new company will retain the name ‘Rebellions’ and will be headed by Rebellions’ CEO Park Sung-hyun. To secure Rebellions’ new management as the merged entity’s majority shareholders and ensure stability, SAPEON’s current shareholders — SK Telecom, SK Square and SK Hynix — will sell 3% of their SAPEON shares prior to the merger. Following the merger, SKT will be a strategic investor, actively supporting the newly formed company’s expansion into the global AI semiconductor market and enhancing South Korea’s leadership in AI chip technology. SAPEON Korea, an AI semiconductor company spun off from SK Telecom’s internal R&D organization in 2016, is at the forefront of high-performance AI semiconductor development. The company introduced South Korea’s first AI semiconductor for data centers in 2020 and launched the next-generation AI semiconductor ‘X330’ in November last year. Rebellions is an AI chip startup founded in 2020. The company has successfully launched two AI chips within three years and has raised over $225 million in funding from investors worldwide. Rebellions began mass production of its AI chip ATOM this year and plans to launch its next-generation AI chip ‘REBEL’ by the end of this year. With their combined development capabilities and expertise in the neural processing unit(NPU) market, the newly merged entity will be well-positioned to compete in the global AI semiconductor industry. “Signing this agreement will greatly enhance our global position in AI semiconductors, one of the key parts of the AI value chain we’re developing,” said Ryu Young-sang, CEO of SKT. “We will continue to invest strategically and work together to become a leader in the AI era.” “South Korea has long been a powerhouse in memory semiconductors. Today, we’re taking a crucial step to extend that leadership into the realms of logic chips and AI through this landmark consolidation,” said Park Sung-hyun, Co-founder and CEO of Rebellions, “Our goal now is to emerge as a leading force in the worldwide AI chip market, navigating the intense industry competition.”

SK Telecom (NYSE:SKM, “SKT”) today announced its earnings for the second quarter of 2024 on a K-IFRS consolidated basis: revenue of KRW 4.4224 trillion, operating income of KRW 537.5 billion, and net income of KRW 350.2 billion. Compared to the same period last year, SKT’s consolidated revenue and operating income increased by 2.7% and 16.0%, respectively, driven by higher performance in the mobile and fixed telecommunications business of SKT and its major affiliates. Enterprise business revenue grew 11% YoY to KRW 434.2 billion, fueled by higher data center utilization and increased cloud orders. In the second quarter, SKT secured its first AI cloud order from domestic internet service providers. The company plans to scale up its AI cloud business significantly. On a non-consolidated basis, SKT’s sales reached KRW 3.1915 trillion this quarter, with an operating profit of KRW 450.4 billion and a net profit of KRW 280.3 billion. SKT’s strategy is to build an AI value chain, including the AI Data Center and AI service, and to secure its business competitiveness based on the second quarter’s strong performance. The company has invested more than $300 million since last year to secure a new AI growth engine, accelerating the expansion of the company’s global partnership in order to create tangible results in key areas of the AI business. The data center business recorded a 20.5% YoY revenue growth, backed by a continuous increase in utilization rate. SKT is investing $200 million in SMART Global Holdings (SGH), a leading designer and developer of high-performance, high-availability enterprise solutions in the U.S. This aligns with SKT’s strategy to evolve and develop its existing data center business into an AI data center, which has recently seen a surge in demand. Both companies have agreed to cooperate in all areas of AI infrastructure, including AI data centers. The mobile business continued to drive subscriber net additions, securing 16.23 million 5G subscribers by the end of June, with 5G customers making up over 70% of the total user base. SKT also secured 9.6 million pay TV subscribers and 7.05 million broadband subscribers. In the enterprise sector, revenue from the IoT businesses rose 29% YoY, and the cloud business grew 28% YoY, excluding one-off effects. The dividend per share for the second quarter was finalized at KRW 830, the same as the first quarter. “We will enhance profitability and efficiency by consolidating our fixed and wireless businesses performance and will showcase our progress as an AI company in the second half of the year,” said Kim Yang-seob, CFO of SKT. “We aim to maximize corporate value and shareholder benefits by balancing growth investment, financial structure improvement and shareholder returns.” ※The conference call in regard to SKT’s 2Q 2024 earnings results can be heard via SKT’s webpage on Tuesday, Aug 6, from 15:00 Seoul Time. Link:https://irsvc.teletogether.com/skt/skt2024Q2_eng.php ※Attachment 1.Summary of Consolidated Income Statement(Unit: KRW billion) Type 24.2Q 23.2Q YoY 24.1Q QoQ Revenue 4,422.4 4,306.4 2.7% 4,474.6 △1.2% Operating Income 537.5 463.4 16% 498.5 7.8% Net Income 350.2 347.8 0.7% 361.9 △3.3% ※Attachment 2.Summary of Non-Consolidated Income Statement(Unit: KRW billion) Type 24.2Q 23.2Q YoY 24.1Q QoQ Revenue 3,191.5 3,119.2 2.3% 3,188.7 0.1% Operating Income 450.4 379.1 18.8% 436.4 3.2% Net Income 280.3 272.8 2.8% 492.1 △43%

SK Telecom (NYSE: SKM,“SKT”) announced today that it has signed agreements to supply its artificial intelligence (AI)-based veterinary diagnosis assistant, ‘X Caliber’, to three major Southeast Asian markets, including Malaysia, Thailand, and Vietnam. The signing ceremony was held at Federation of Asian Small Animal Veterinarian Association (FASAVA) Congress 2024, one of the biggest veterinary events in Asia Pacific region. This year, the event was hosted in Kuala Lumpur, Malaysia. The signing ceremony was attended by representatives including Jang Dong-il, X Caliber Global Team Lead of SKT, and Dr. Liu Chang Haur, Managing Director of My Vet Care. As a part of the agreement, SKT will supply X Caliber to My Vet Care, Malaysia’s leading distributor of pet supplements and healthcare solutions. The two companies plan to introduce the service to veterinary clinics across Malaysia and begin commercial service in the third quarter of this year. Dr. Goh Lai Har, President of FASAVA Congress 2024 stated“In the rapidly growing Malaysian pet market, X Caliber will serve as another catalyst for growth.” She also emphasized “Malaysian veterinarians will strive to promote the spread of X Caliber for efficient pet diagnostics.” X Caliber is now available at Happy Pet Hospital in Bangkok, Thailand, starting this month. Happy Pet is a full-service veterinary hospital offering a comprehensive array of pet care services, including a pet park, pet taxi and a pet shop. In Vietnam, SKT has partnered with Vet Sky Holdings, a prominent provider of pet diagnostic equipment, solutions and veterinary hospital chains. Starting this month, the SKY Animal Medical Center in Ho Chi Minh City will introduce X Caliber to enhance the diagnosis of pet diseases. The pet market in Southeast Asia is experiencing rapid growth. Market research firm GlobalPETS estimated the market size at USD 3.3 billion in 2023, with a compound annual growth rate of 13 percent over the past five years. “SKT’s AI capabilities in the Southeast Asian pet market are set to enhance and innovate the pet care environment through these successful agreements,” said Ha Min-yong, Chief Development Officer of SKT. “We are committed to leading the global promotion of South Korea’s AI technology through transformative initiatives across diverse industries.”

SK Telecom (NYSE: SKM) (“SKT”) signed a definitive agreement to invest USD$200 million in SMART Global Holdings, Inc. (NASDAQ: SGH) (“SGH”), a leading designer and developer of high-performance, high-availability enterprise solutions. Additionally, SKT and SGH intend to leverage their complementary capabilities to enhance customer offerings in the development of differentiated global end-to-end AI factory and data center solutions and services, advanced memory market products and services, and NPU-based AI edge servers. Under the terms of the agreement, SKT will invest USD$200 million in SGH by acquiring 200,000 preferred shares. The 200,000 preferred shares are convertible into ordinary shares of SGH at a conversion price of $32.81 per preferred share, subject to adjustment upon the occurrence of certain events. Headquartered in Milpitas, California (US), SGH offers specialized platforms and services for high-performance computing, AI, machine learning, fault-tolerant computing, and the Internet of Things that span the continuum of edge, core, and cloud. Through its Penguin Solutions business, SGH provides integrated AI data center solutions ranging from the design of AI clusters consisting of large-scale GPU servers to the expertise in data center deployment and operation. SKT and SGH plan to enter into a collaboration this year with an emphasis on establishing a more concrete cooperation across the AI infrastructure business, including AI data center, edge AI, and future memory solutions. SKT’s current AI-related investments and partnerships include Anthropic, Lambda, and Perplexity. Along with these investments, the alliance with SGH is expected to solidify SKT’s position in the AI value chain across the three pillars: AI semiconductor, AI infrastructure and AI services. “Our investment in and cooperation with SGH will give us an opportunity to boost our position in the AI value chain,” said Ryu Young-sang, CEO of SKT. “In the era of AI transformation, we plan to continue to collaborate and make proactive investments to achieve global leadership in AI.” “We are thrilled to have SKT as a strategic investor,” said Mark Adams, CEO of SGH. “Today’s announcement is a testament to Penguin Solutions’ capabilities in the deployment of AI factories at scale through our systems, software, and managed services suite of solutions. We look forward to executing on these strategic collaboration opportunities with the SKT team and believe they will create value for our respective stakeholders.”

SK Telecom (NYSEL SKM, “SKT”) is launching its AI-based veterinary diagnosis assistance service ‘X Caliber’ in North America, home to the world's largest pet market. SKT has entered into a partnership with Nuon Imaging & Nikki Health Solutions(“Nuon Nikki”), leading distributors of digital veterinary diagnostic imaging services for Veterinarians in Canada. This collaboration will bring X Caliber to over 100 veterinary hospitals across Canada, leveraging the integration of Nuon Nikki's advanced veterinary imaging software, Skyline PACS (Picture Archiving & Communication System) for Vets. In addition, SKT has signed a Memorandum of Understanding (MoU) with Myvet Imaging, a U.S. X-ray equipment distributor. Following a successful proof-of-concept (PoC) trial at a prominent veterinary hospital in New Jersey, the two parties plan to finalize a commercial contract within the third quarter of this year. "With these AI capabilities of SKT X Caliber AI Healthcare, we are dedicated to pioneer groundbreaking solutions that genuinely improve the well-being of pets," said Son In-hyuk, Global Solution AIX Vice President, SKT. The decision to launch X Caliber in North America is attributed tothe region’s exceptional love for pets.Pet ownership statisticsreveal that 77% of Canadian households own at least one pet. Canada is home to 28 million pets, and remarkably, about 20% of cats and dogs have been with their owners for over a decade as of 2021. The U.S. on the other hand represents theworld's largest pet market as 66% of U.S. households own pets as of 2022, according tothe American Pet Products Association’s report. X Caliber is an innovative service that uses AI to analyze X-ray images of dogs/cats in about 15 seconds with a sensitivity of 86-94%. Thanks to X Caliber’s use of cloud technology for data storage and retrieval, there is no need to install a separate server within the hospital. This allows veterinarians to access the results of the AI-based image diagnosis on their mobile devices or PCs, anytime and from anywhere. "We are delighted to introduce AI-powered diagnostic report services, which leverage South Korea's cutting-edge AI technology, to the Canadian market through this agreement," said Mark Little, Nuon Nikki. "We look forward to pioneering the AI era in Canadian veterinary radiology through our partnership with X Caliber."

SK Telecom(NYSE: SKM, “SKT”) and Singtel announced that they have signed a Memorandum of Understanding (MoU) to collaborate on building next-generation telecommunications networks that will drive innovation, improve network performance and security and deliver enhanced customer experiences over the next two years. The partners will explore the use of artificial intelligence (AI), orchestration tools, and deepen the domain knowledge of network virtualization and other technologies - central to laying the necessary building blocks for progressing to 6G. The partners will also work together on developing differentiated innovative solutions to elevate their network capabilities such as Edge-AI Infrastructure, which reduces the computational burden concentrated on the cloud through edge computing and performs AI inference by combining AI solution. This initiative is expected to not only enhance connectivity but also provide customers with unique AI service offerings and enable the operators to restore services faster, thus improving the customer experience. Additionally, SKT and Singtel will be putting together a white paper on their advancements in areas such as virtualization, slicing and network evolution that can help other telcos globally to capitalize on the capabilities of 5G and to prepare for 6G. Kang Jong-ryeol, SKT’s Head of ICT Infra(CSPO) stated, "The collaboration between SKT and Singtel marks a significant first step in shaping the future of the global telecommunications industry." He further emphasized, "By combining the strengths of both companies, we aim to achieve efficient high-performance network construction, enhance network stability, and discover new network-based services. Additionally, we will strive to make significant advancements in next-generation communication technologies, including AI-powered wired and wireless infrastructure." Tay Yeow Lian, Singtel’s Managing Director, Networks, said, “As a global leader in 5G technology, we’re keen to capitalize on the myriad of capabilities this technology has to offer, especially in the areas of network slicing and with the inclusion of AI. With SKT, we’re looking to not only enhance the experience of our customers but to also drive industry innovation and help us prepare for the evolution to 6G.”

SK Telecom (NYSE:SKM, “SKT”), Deutsche Telekom, e&, Singtel and SoftBank Corp., the founding parties of the Global Telco AI Alliance(GTAA), today signed a Joint Venture agreement at TM Forum's DTW24-Ignite. This follows the announcement by the GTAA at MWC Barcelona 2024 to establish a Joint Venture and marks the founding parties’ commitment to co-develop and launch multilingual Large Language Models(Telco LLM) specifically tailored to the needs of telecommunications companies through the JV. As announced earlier this year, the JV will see equal investments from the founding parties to support its initial working capital requirements to develop the Telco LLM that will aim to help telcos improve their customer interactions via digital assists and other innovative AI solutions. The JV will look at deploying innovative AI applications tailored to the needs of the founding parties in their respective markets, enabling them to reach a global customer base of approximately 1.3 billion across 50 countries. The Telco LLM will be multilingual including; Korean, English, German, Arabic, and Bahasa among other languages. The launch of the JV is subject to customary regulatory approvals. The second Global Telco AI Roundtable (GTAR) was also held at DTW24, reaffirming the GTAA’s dedication to driving innovation and collaboration in the telecoms industry. The GTAR highlighted the key progress achieved by the GTAA, as well as the AI governance systems and AI use cases reshaping the telecom landscape. GTAR’s opening speech was delivered by SKT’s CEO Ryu Young-sang, who emphasized on the transformative potential of AI in the telecom industry. CEO Ryu highlighted that the Global Telco AI Alliance is well positioned to be an active player in the global AI ecosystem as businesses worldwide are keen to reshape their business strategies through AI. He added that, through the Telco LLM JV new business opportunities will be created, and enhanced levels of customer experiences will be achieved. Ryu stressed that while heading towards this goal, the Alliance needs to proactively address the social and environmental responsibilities associated with AI by establishing an effective AI governance framework. The opening address was followed by a panel discussion, which featured the participation of Suk-geun Chung, Chief AI Global Officer, SKT; Harrison Lung, Group Chief Strategy Officer, e&; William Woo, Group Chief Information Officer and Group Chief Digital Officer, Singtel; and Jan Hofmann, Top Program Lead for Artificial Intelligence, Deutsche Telekom. The panelists shared updates on GTAA 's progress and outlined plans aimed at using AI in the future to address industry challenges and unlock new opportunities. The panelists also shared their perspective on AI governance and founding parties’ individual efforts to ensure Responsible AI practices. Founding parties showcased potential applications of an LLM for telco, focusing on contact center and infrastructure use cases. They demonstrated how a fine-tuned LLM can enhance contact center operations by generating real-time reference answers for agents during calls and automatically handling post-call tasks. They also illustrated the model's ability to provide answers to infrastructure operators' questions, streamlining their workflows.

SK Telecom (NYSE: SKM, “SKT”) has been awarded the IEEE Milestone, hosted by the Institute of Electrical and Electronics Engineers (IEEE), for its 1996 commercialization of CDMA in conjunction with the Electronics and Telecommunications Research Institute (ETRI), Samsung Electronics and LG Electronics. “We are delighted to be honored as the first Korean company to be awarded IEEE Milestone status for CDMA commercialization,” said Ryu Young-sang, CEO of SK Telecom. “We will maintain the creative, challenging and collaborative spirit that led to CDMA commercialization and pioneer the AI era.” In 1996, based on CDMA introduced in Korea by ETRI, SK Telecom collaborated with Samsung Electronics and LG Electronics to successfully commercialize a CDMA digital mobile communications system as a response to the explosive demand for mobile communications. The achievement demonstrated its capability of increasing call capacity by over 10-fold compared to analog methods, sparking the growth of the global ICT industry. "The commercialization of CDMA milestone recognizes the collaborative efforts and visionary spirit that brought essential technology to the world,” said IEEE President-Elect Kathleen Kramer. “IEEE is pleased to celebrate the brilliance of human ingenuity and the transformative technologies that have shaped our world and inspired generations of innovators.” Since 1983, the IEEE Milestones program has been honoring outstanding achievements in the areas of electrical, electronic and information engineering that have significantly contributed to the advancement of human society and the industrial world. IEEE Milestones honor achievements that have existed for at least 25 years encompassed by technological innovation and excellence for the benefit of humanity. Previous IEEE Milestone achievements include a wide array of history-making scientific and technological breakthroughs, including Benjamin Franklin’s research on electricity in 1751, Volta’s invention of the electric battery (1799), Marconi’s wireless telegraphy experiments(1895), the first wireless radio broadcast (1906), the first public demonstration of television (1926), computer graphics technology (1965–1978), and the first internet transmission (1969).