SKT Launches ifland in Global Markets2022.11.23
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced that its metaverse platform ‘ifland’ simultaneously launched in 49 countries and regions throughout the world. With the global launch of ifland, SKT will actively utilize K-pop content, develop attractive content with overseas partners, and strengthen communication features to shape ifland into a global leading social metaverse platform. The global version of ifland supports English, Chinese (Traditional Chinese, Simplified Chinese) and Japanese, and is available for both Android and iOS smartphone users. The existing ifland app will be upgraded to the new global version. For instance, the app will automatically activate in the Korean mode when accessed from Korea, and the global mode when accessed from overseas countries. Under the slogan, “The New Way of Socializing,” ifland will deliver a differentiated communication experience within the metaverse. ▲ Images of ifland’s global version SKT will effectively expand ifland’s global reach through partnerships with major telecommunications companies in each continent. The company is working with e& (formerly known as Etisalat Group) in the Middle East, Africa and Asia, and Singtel in South East Asia. On November 18, 2022, SKT signed a memorandum of understanding with NTT Docomo, the largest mobile operator in Japan, to cooperate in areas of content, technology and service to further advance their metaverse services. Partnership discussions with other telecommunications companies are also underway. Together with its overseas partners, SKT plans to develop specialized features tailored to each different region. They will also promote various metaverse-related events and business cooperation, including joint production of popular local content. Moreover, SKT plans to offer content targeting the “MZ generation (Millennials and Generation Z)” through partnerships with diverse players including overseas universities and international brands. Early this month, SKT signed a memorandum of understanding with Thailand’s Bansomdejchaopraya Rajabhat University (BSRU) and Korea’s Dong-ah Institute of Media and Arts (DIMA) - which is providing a variety of programs including ‘Teen Teen Audition’ in ifland since the beginning of this year - to create a global metaverse campus. SKT will actively support BSRU and DIMA to overcome the limitations stemming from the physical distance between the two schools through ifland. In addition, the company is working with Birger Christensen, a Copenhagen-based fashion company with over 150 years of history, to launch digital skins for avatars in ifland within this year to enable the MZ generation to better express themselves. ▲ Avatars of diverse races wearing digital skins designed by Birger Christensen SKT has also updated key features of ifland. The company opened a global lounge within ifland to help those new to the metaverse to experience the new world with greater ease, and introduced avatars of many different colors. In addition, to facilitate communication between hosts and participants of gatherings in ifland, SKT applied features like ‘one-on-one direct messaging’ and ‘3D speech bubble.’ ‘Live voting’ feature was also introduced to check the opinions of participants in real time, and ‘ifme motion sharing’ feature was adopted to apply the user’s facial expressions to his/her avatar. To celebrate the global launch of ifland, SKT will be showcasing a wide variety of live K-pop content every week. Original metaverse K-pop content titled “The Fan Live Talkon” will target K-pop fans overseas, with over 50% of content provided in English. Every week, ifland will offer live content related to K-pop - e.g. auditions for K-pop trainees and nurturing of K-pop idols - for global fans to enjoy. Within this year, through ifland’s SNS account, SKT plans to hold events to give out diverse artists’ goods and gifts to overseas users who participate in the meet-ups of K-pop content. Meanwhile, ifland has surpassed 12.8 million of cumulative users as of October 2022, which represents a four-fold increase compared to 3 million early this year thanks to differentiated content offerings like original metaverse content. “Since its launch in Korea in July 2021, ifland has grown rapidly to become the best social metaverse in Korea by attracting users of diverse age groups as well as many different organizations,” said Yang Maeng-seok, Head of Metaverse Office at SKT. “Now, we will go beyond Korea to expand our reach in the global market to take customers metaverse experience to the next level.” ※ Attachment. Full list of countries in which ifland launched Argentina, Azerbaijan, Belgium, Brazil, Cambodia, Canada, Chile, Denmark, Deutschland, Finland, France, Ghana, Greece, Hong Kong, India, Indonesia, Ireland, Italy, Japan, Jordan, Kenya, Lebanon, Macau, Malaysia, Mexico, Myanmar, New Zealand, Norway, Palau,Poland, Portugal, Qatar, Rwanda, Singapore, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, the Dominican Republic, the Netherlands, the Philippines, the United Arab Emirates, the United Kingdom, the United States, Tunisia, Turkey, Vietnam
SKT Joins hands with NTT DOCOMO for Comprehensive Cooperation in ICT2022.11.21
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced that it signed a memorandum of understanding (MOU) with NTT DOCOMO, the largest mobile operator in Japan, to cooperate in the information and communication technology (ICT) business. Through the MOU, the two companies will forge strategic partnership in three key areas -metaverse, mobile network infrastructure and media business. They will also create greater synergies by cooperating with other SK ICT affiliates like SK hynix and Contents Wavve. First, SKT and NTT DOCOMO will work together in the areas of content, technology and service to further advance their metaverse services. SKT has been operating its metaverse service ‘ifland’ since July 2021, while NTT DOCOMO launched its metaverse service in March 2022. The two companies are discussing joint production of metaverse content. This includes co-creation of K-pop and J-pop content and applying them to both of their services. In particular, they will consider the idea of jointly securing intellectual properties (IPs)of popular games and animations in Korea and Japan, and jointly investing in metaverse-related content providers or mixed reality-related device makers. Moreover, SKT and NTT DOCOMO will operate a regular consultative body for cooperation in the metaverse business to share service and technology knowhow in the short term, and discuss connecting their services and implementing joint marketing in the longer-term. By linking the metaverse services of the two companies, users of NTT DOCOMO’s metaverse service in Japan will be able to enjoy volumetric concerts of K-pop artists being provided by ifland. Also, ifland users will be able to take a virtual tour of major cities of Japan via NTT DOCOMO’s metaverse service. SKT and NTT DOCOMO also agreed to cooperate in next-generation mobile network technologies including 6G. They will carry out joint studies on not only 5G, but also on 5G evolution and key 6G technologies, and work together to set international technology standards. By cooperating to have their 6G use cases and key requirements – from the perspective of customers and operators - reflected by global standardization organizations and the industry, the two companies will be prepared to achieve success in the 6G era. Together, they will secure Open Radio Access Network (Open RAN) and Virtualized RAN technologies that will be widely used in 6G communications. In addition, the two companies will focus on R&D in next-generation mobile networks, which includes innovating the mobile network structure into cloud environment and co-developing transport network technologies. SKT and NTT DOCOMO will also cooperate in the area of Green ICT. Since electricity consumption will constantly increase with the evolution of networks from 5G to 6G, they will jointly promote the development of energy-saving solutions and high-efficiency network equipment to reduce greenhouse gas emissions. Meanwhile, SKT and SK hynix will serve as members of ‘Innovative Optical and Wireless Network (IOWN) Global Forum,’ a consultative body for R&D and standardization of next-generation communication technologies. At present, around 100 big tech companies - including Intel and Sony, academic institutions and research institutes are participating in the forum. Through the IOWN Global Forum, SKT and NTT DOCOMO plan to secure next-generation transport technology, and SK hynix will cooperate in studies of next-generation semiconductor technologies. Furthermore, based on the cooperation with NTT DOCOMO, ‘Wavve,’ a video streaming service provided by Contents Wavve, will make its way into the Japan’s media market. Contents Wavve and NTT DOCOMO will also cooperate in content production/distribution and make strategic investments to increase their global presence. To this end, the two companies will promote joint production of diverse original content such as dramas and entertainment shows and supply them exclusively to the Korean and Japanese market. The partnership between Contents Wavve and NTT DOCOMO is expected to be mutually beneficial: By providing globally popular Korean content to the Japanese market, Wavve expects to secure an overseas sales channel, while NTT DOCOMO attracts more subscribers. “The MOU has a significant meaning as it is a cooperation between the representative mobile operators of Korea and Japan,” said Ryu Young-sang, President & CEO of SKT. “By working together with NTT DOCOMO in the area of future ICT, we will generate tangible results that drive global ICT innovation." “By combining our technological capabilities and the know-how we have cultivated across years of experience, we hope to create new services that will allow customers around the world to experience new forms of excitement. We look forward to working with SK Telecom to develop the businesses of both companies,” saidMotoyukiIi,President & CEO of NTT DOCOMO.
SKT Named as CES 2023 Innovation Awards Honoree2022.11.17
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced that it has been named a CES® 2023 Innovation Awards Honoree for ‘Sullivan A’ and ‘X Caliber.’ The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA)®, is an annual competition honoring outstanding design and engineering in 28 consumer technology product categories. Those with the highest rating receive the “Best of Innovation” distinction. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions based on innovation, engineering and functionality, aesthetic, and design. This year’s CES Innovation Awards program received a record high number of over 2,100 submissions. In the ‘Digital Health’ category, SKT has been recognized for ‘X Caliber,’ Korea’s first AI-based veterinary X-ray image diagnosis assistance service. X Caliber uses AI to accurately analyze X-ray images of dogs uploaded to the cloud and delivers the analysis results back to the veterinarian within 15 seconds. By removing the need to install a separate equipment and server, X Caliber dramatically enhances veterinarians’ access to AI. Within just a month of its launch, X Caliber is already used by 80 veterinary hospitals in Korea, helping veterinarians treat animals with greater efficiency and productivity. With the rising number of pets across the globe, X Caliber is expected to help resolve the shortage of veterinary radiologists and enhance the overall quality of medical welfare for animals. In the ‘Software & Mobile Apps’ category, SKT, together with a social startup Tuat, has been recognized for its AI-based visual assistant service, ‘Sullivan A.’ Developed jointly by SKT and Tuat, ‘Sullivan A’ is a mobile app designed to enhance the work efficiency of people with visual impairments. The AI, which has learned diverse types of documents in advance, reads and summarizes documents, and sends emails and makes phone calls by scanning business cards. Prior to Sullivan A, the two companies developed ‘Sullivan Plus,’ a service that assists people with visual impairments in their daily lives by giving detailed voice guidance upon recognizing people, objects, and texts via smartphone cameras. “We are honored to be a CES Innovation Awards Honoree as it recognizes our on-going efforts to drive human-centered innovations,” said SKT. “We will continue to develop breakthrough technologies and services that can bring greater benefits to customers throughout the globe.”
SK Telecom Announces 3Q 2022 Earnings Results2022.11.10
SK Telecom (NYSE: SKM, hereinafter referred to as “SKT”) today announced its earnings for the third quarter of 2022 on a K-IFRS consolidated basis: revenue of KRW 4.343 trillion, operating income of KRW 465.6 billion, and net income of KRW 245.6 billion. Compared to the same period last year, SKT’s consolidated revenue and operating income increased by 3% and 18.5%, respectively, thanks to the growth of its Fixed and Mobile Telecommunications Business, as well as new growth businesses including Media and Enterprise. Net income decreased by 66.7% due to factors including the exclusion of equity method gains from SK Hynix. On a non-consolidated basis, SKT’s revenue rose by 3.1% year-on-year (YoY) to stand at KRW 3.123 trillion, and its operating income expanded by 21.6% YoY to KRW 388.7 billion. Non-consolidated net income grew by 92.6% to KRW 305.1 billion due to one-time gain from sales of its stake in Hana Card. SK Broadband’s revenue increased by 1.9% YoY to KRW 1.044 trillion, while its operating income expanded by 1.4% to KRW 79.7 billion. It continued to expand its subscriber base by achieving the highest net additions of IPTV subscribers in the market, and its content revenue increased due to improved supply and demand of content. SKT stated that it is achieving tangible results as its new growth businesses like Media, Enterprise and AIVERSE are sustaining growth based on stable performance of Fixed and Mobile Telecommunications Business. The Fixed and Mobile Telecommunications Business is sustaining growth centered around SKT’s MNO market leadership. The company said that, as of the end of the third quarter, the number of 5G subscribers stood at 12.47 million, taking up 53% of its total mobile subscriber base. In the third quarter, SKT further enhanced its service competitiveness by proactively launching new price plans. SK Broadband (SKB) secured 9.25 million pay TV subscribers as of Q3-end. The Media Business posted quarterly revenue of KRW 395.6 billion, up 20.6% YoY. It is witnessing improved demand and supply of new content, and will continue to strengthen its advertising and commerce business by utilizing AI technologies. The Enterprise Business - centered around data center and cloud - sustained its growth, as its quarterly revenue grew by 8.9% YoY to KRW 378.5 billion. Its cumulative revenue until the third quarter this year exceeded KRW 1 trillion. In particular, with increased demand from game, finance and media industries, the cloud business revenue surged by 90.2% YoY, and data center revenue expanded by 31.3% YoY backed by traffic growth. The AIVERSE Business is on a growth trajectory, centered around ‘T Universe’ and ‘ifland.’ Total GMV of the subscription business grew three straight quarters to reach KRW 150 billion in the third quarter, and is expected to achieve total GMV of KRW 550 billion - the target set at the beginning of the year - for the year 2022. Also, as of the end of October 2022, ifland exceeded 12.8 million cumulative users. To promote the global launch of ifland, SKT is actively developing content and working closely with local partners. The dividend payout for the third quarter of this year has been set at KRW 830 per share, which is the same as those of the first and second quarters. Despite challenges in the internal and external environment, SKT has been continuously paying out quarterly dividends by setting aside 30-40% of EBITDA minus CapEx for its total annual dividend payment. In 2022, SKT achieved the number one position in the top three customer satisfaction surveys in Korea. The company made efforts to enhance service quality and innovate customer experience by strengthening customer choice through the proactive launch of new 5G price plans and protecting customers from voice phishing through the application of AI technologies. In October 2022, SKT acquired a 20.77% stake in Konan Technology, an AI solutions company with unrivaled technology. The two companies will discuss detailed measures of cooperation in diverse areas including talent exchange, technology cooperation and market expansion. In particular, the partnership is expected to contribute to advancing SKT’s AI service ‘A.’ and innovating AI-based business models. Moreover, SKT stated that it will grow into an AI company by innovating its five key business groups with the following three strategies: Redefining its core businesses with AI; innovating relationships with customers through AI services; and sharing AI transformation (AIX) capabilities with others. “Based on our leadership in the Fixed and Mobile Telecommunications Business, we are achieving tangible results in our new growth businesses including the Media Business and Enterprise Business,” said Kim Jin-won, Chief Financial Officer of SKT. “Building on our solid performance, we will make best efforts to increase shareholder value and rise as an AI Company.” ※ The conference call in regard to SK Telecom’s 3Q 2022 earnings results can be heard via SK Telecom’s webpage on Thursday, November 10, from 15:00 Seoul Time. Link:https://irsvc.teletogether.com/skt/skt2022Q3_eng.php ※ Attachment 1.Summary of Consolidated Income Statement (Unit: KRW billion) Type Year-on-year Quarter-on-quarter 2022 3Q 2021 3Q Change 2022 3Q 2022 2Q Change Revenue 4343.4 4,215 3.0% 4343.4 4,289.9 1.2% Operating Income 465.6 393 18.5% 465.6 459.6 1.3% Net Income 245.6 736.5 -66.7% 245.6 258.1 -4.9% * The horizontal spin-off in 2021 is reflected in the figures. ※Attachment 2.Summary of Non-Consolidated Income Statement(Unit: KRW billion) Type Year-on-year Quarter-on-quarter 2022 3Q 2021 3Q Change 2022 3Q 2022 2Q Change Revenue 3,122.6 3,027.4 3.1% 3,122.6 3,118.2 0.1% Operating Income 388.7 319.6 21.6% 388.7 380.9 2.0% Net Income 305.1 158.4 92.6% 305.1 224.5 35.9%
SKT CEO Announces Vision to Become an ‘AI Company’2022.11.07
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) CEO Ryu Young-sang today held a town hall meeting to announce the company’s new vision of becoming an AI Company that brings benefits to customers through technologies and services. CEO Ryu stressed that SKT will shape into an AI Company that sets itself apart from others by combining AI to a wide range of connectivity technologies realized based on telecommunications. ■ SKT’s way to become an AI Company To achieve the new vision, SKT unveiled the following three strategies designed to innovate its five business groups. Last year, the company rearranged its business into five different groups, namely Fixed & Mobile Telecommunications, Media, Enterprise, AIVERSE (AI+Universe), and Connected Intelligence. First, SKT will redefine its core businesses with AI. By achieving AI transformation of its Fixed and Mobile Telecommunications, Media and Enterprise businesses, the company will create new opportunities and growth drivers. SKT will improve the overall process to enable customers to search, subscribe to and use fixed and mobile telecommunications services/products with greater convenience and ease, and realize ‘AI MNO’ by applying AI to this entire process. In Media Business, the company will integrate its media-related assets that are scattered across diverse media services like IPTV and T Commerce to strengthen its content power. It will also combine AI technology to these assets to create ‘AI Media Player’ that offers personalized content to customers. In Enterprise Business, it will facilitate AI transformation of its enterprise customers through the six main business areas - namely data center, private network, IoT, cloud, big data, and AI. Second, SKT will innovate customer relations through AI services. It will strengthen customer relationships by applying new technologies and content to AI-based services like ‘A.,’ ‘ifland’ and ‘T Universe.’ For its AI assistant service ‘A.,’ the company will focus on developing attractive features and content to draw in more customers. It will also continue to secure key competencies by making investments in companies with AI technologies or character/content related capabilities. SKT plans to launch ifland in global markets and shape it into a globally competitive metaverse service by creating content with diverse companies. At the same time, it will keep expanding ifland’s social features and introduce an economic system based on cryptocurrency. T Universe will evolve into an AI-based commerce subscription platform that provides customers with optimal subscription products and partners with new growth opportunities. Lastly, SKT will share with others its AI Transformation (AIX) capabilities. SKT will invest in or acquire companies that can create greater synergies when combined with its AI technologies. The company expects to develop diverse AIX use cases. For instance, robots or vision AI can be used to increase productivity in the manufacturing sector, and AI technology like ‘X-Caliber’ can be used to upgrade services in the healthcare sector. Through implementation of these three strategies, SKT will achieve new growth to become Korea’s top AI company worth over KRW 40 trillion by 2026. ■ Unveils new brand logos that symbolize the company’s vision Today, SKT unveiled new brand logos, T (SKT) and B (SKB), which symbolize its rise as an AI company. The company used the word ‘OPEN’ as the design motif and created brand logos that embody an open gateway to the future. It expresses the company’s commitment to think outside the box and overcome limitations to create a new world, new businesses and new lifestyles. The color of the new brand logos, T Blue, reflects thecompany’sfuture-oriented approach and technologies. SKT used the same color system for both T and B brand logos to provide customers with a consistent experience and emphasize synergies between the two brands. [New brand logos] ■ Notable achievements made in the past one year Last year, SKT rearranged its business into five different groups, namely Fixed & Mobile Telecommunications, Media, Enterprise, AIVERSE (AI+Universe), and Connected Intelligence. Based on active cooperation with SK Broadband (SKB), SKT has achieved strong performance throughout the year, and its consolidated revenue is expected to reach a record amount of KRW 17 trillion for the year 2022. In Fixed & Mobile Telecommunications Business, SKT is about to surpass 13 million 5G subscribers and achieved the highest net additions of IPTV subscribers in the market (SKT’s market share of total net additions: 36% in 2021 → 47% in 2022). It is constantly increasing its competitiveness by introducing new service offerings including fixed-mobile bundles. In Media Business, SKT expects its media-related revenues to post a two-digit growth compared to the previous year backed by continued GMV growth of SK Stoa and T Deal as well as improved viewer ratings of Channel S, which strengthened its original content offerings. In Enterprise Business, the company expects to achieve increased revenue compared to last year thanks to tangible results generated by Gasan Data Center, strong performance of cloud business, and growth of orders for private networks jointly received by SKT and SKB. In AIVERSE Business, SKT is witnessing a constant increase in the number of A. subscribers as it introduced a variety of new features including A.tv and games. Also, by adding an economic system and original content offerings, ifland has exceeded 3.6 million monthly active users (MAU). By doubling the number of its partners and launching a series of new subscription services, T Universe successfully positioned itself as the representative subscription platform in Korea, securing over 1.8 million MAU. In Connected Intelligence Business, SKT teamed up with Korea Airports Corporation and Hanwha Systems to form the ‘K-UAM Dream Team,’ through which it is preparing to participate in the government’s UAM project. At the same time, it is focusing on developingdifferentiated competitiveness in the UAM business by collaborating with Joby Aviation. SKT also secured world-class product competitiveness in AI semiconductors by establishing SAPEON Inc. in the U.S. and SAPEON Korea at the same time, and attracting talents. Moreover, SKT has made meaningful achievements through partnerships and collaborations with companies from diverse industries and locations. Its recent milestones include a strategic partnership and stock acquisition agreement with Konan Technology, an AI solution company, in October, and a strategic partnership and share exchange agreement with Hana Financial Group that took place in July 2022. Over the past year, SKT also made significant progress in ESG. As part of its net-zero efforts, it has been implementing the ‘Happy Habit’ project and so far reduced the use of 5 million disposable cups, which is equivalent to planting 64,000 pine trees. In addition, through the ‘Cook Stove Project’ in Myanmar and deployment of an environmentally-friendly infrastructure, the company earned 260,000 tonnes of carbon credits. SKT is also contributing to strengthening the social safety net through measures including the provision of ‘AI Care,’ an AI-based care service for the socially weak, to over 53,000 households in Korea. Furthermore, the company made diverse efforts to build a flexible corporate culture by opening near-home offices named Sphere; operating The Lounge, which is designedto facilitate communication among employees; and increasing Happy Friday from a month to twice a month. CEO Ryu said that the company will not only listen to and reflect employees’ voices through active communication. He also stressed that SKT’s working culture will be shared with not only SKB, but with all SKT’s ICT subsidiaries in a way that suits the nature of their business. “Although we achieved steady growth over the past year, we are now standing at the point of transformation brought by sudden changes in the international situation,” said Ryu Young-sang, CEO of SKT. “We will remain strong and steadfast and continue on our path toward achieving the vision of becoming an AI Company, while thoroughly preparing ourselves for all possible challenges, risks and threats.”
SKT Joins Hands with e& for Metaverse Business in Middle East2022.10.12
SK Telecom (NYSE: SKM, hereinafter referred to as “SKT”) today announced that it signed a Memorandum of Understanding (MOU) with e& (formerly known as Etisalat Group), a global technology and investment conglomerate, to jointly promote the metaverse business in the Middle East. Under the MoU, SKT and e& agreed to jointly promote the metaverse business in countries where e& is providing telecommunications services such as the UAE and Saudi Arabia. With its strong presence in the Middle East market, e& will provide SKT with insights on customers, business model development and service offerings. SKT will develop a metaverse service optimally designed to fit the needs of its customers in the Middle East by fully leveraging its expertise acquired through successful operation of its metaverse service in Korea. In particular, SKT will localize the service by creating iconic landmarks and cities of the UAE within the metaverse, as well as developing special avatars and digital fashion clothing such as traditional costumes that reflect the Middle Eastern culture. SKT and e& have held discussions on market testing to understand the markets and customers in the Middle East. The two companies plan to analyze e& customers’ metaverse service experience and usage patterns to verify service marketability in the region. Moreover, SKT and e& will operate a joint exhibition booth featuring metaverse at GITEX, the largest tech show in the Middle East to be held in Dubai on October 10-14, 2022, to provide local companies and customers the chance to experience advanced metaverse technology. At the booth, they will offer a volumetric concert emceed by Saoud Al Kaabi, a popular Emirati actor and TV show host, and showcase NFTs created by e&. Khalifa Al Shamsi, CEO, e& life said: “Following our major announcement on the metaverse with e& universe at GITEX Global 2022, the partnership with SKT to develop the Metaverse Service is another major step forward as we stay invested in building a robust metaverse ecosystem in the ever-evolving immersive virtual world. The metaverse offers limitless possibilities, opening doors to engaging with customers in innovative ways as they participate in heightened interactive experiences that were previously unimagined. This collaboration will be the start of a new journey as we continue to identify key opportunities to fuel these experiences and build a virtual world that contributes to a brighter, digital future.” “Through partnership with e&, we expect to deliver new and differentiated metaverse experiences to customers in the Middle East and develop global opportunities for our metaverse service,” said Ha Min-yong, Chief Development Officer (CDO) of SKT. “Going forward, we will expand our cooperation with e& to other areas of ICT.”
SKT Launches AI-based Veterinary X-ray Image Diagnosis Assistance Service ‘X Caliber’2022.09.26
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) announced that it launched Korea's first AI-based veterinary X-ray image diagnosis assistance service named ‘X Caliber’ after unveiling it at the 2022 Seoul Veterinary Conference held at September 25. ‘X Caliber’ is a web-based service that uses AI to analyze X-ray images of dogs taken by a veterinarian and uploaded to the AI platform ‘X Caliber Vet AI’, and delivers the analysis results back to the veterinarian within 30 seconds. Since X Caliber uses cloud to store and retrieve data, there is no need to install a separate server within the hospital. In addition, as a web-based service, X Caliber can be easily upgraded and managed. Veterinarians can examine the results of the AI-based image diagnosis on their mobile devices or PCs anywhere, anytime. The disease detection rate of X Caliber stands at 84-86%.* It also showed 97% accuracy in measuring VHS (Vertebral Heart Scale). * 84% for detection of 10 different abnormal patterns from chest X-ray images of dogs 86% for detection of 7 different abnormalities from musculoskeletal X-ray images of dogs SKT was able to realize the high performance X Caliber by fully leveraging its knowhow and expertise in areas ranging from dataset development and storing to AI modeling and service application based on its AI Full Stack*. *AI Full Stack is an integrated package of AI technologies that connects technology elements of many different layers - such as infrastructure, hardware and software - that are necessary for realizing an AI service. It has been adopted as an international standard work item by ITU-T. To develop high-quality data sets, SKT cooperated with five national universities in Korea. Data augmentation technology was applied to increase the amount and diversity of data sets and enhance AI performance in clinical settings. For AI modeling, SKT employed automated data labeling and lightweight AI models. When developing an AI model, there needs to be a process where data is categorized, labeled, and processed into an optimal form for AI learning. Through active learning, it automated the data learning process and developed high-performance veterinary diagnostics AI models and high-quality AI data sets for learning. Also by realizing lightweight AI models, SKT has made it possible for users to get the results in a speedy manner. Moreover, the AI learning environment applied to X Caliber are developed on the cloud, making it convenient for the company to update service quality and distribute additional features. Although X Caliber is currently offering image diagnosis service for only dogs, the company plans to expand the service to cats next year. It also plans to promote overseas distribution of X Caliber in Europe and Asia, where no similar service exists, while constantly improving the disease detection rate of the service through strengthened deep learning. X Caliber is now offered as a subscription service for KRW 300,000 per month after a month of free trial. “With AI technologies being developed and applied to the medical sector at a rapid pace, the commercialization of SKT’s X Caliber is expected to serve as an important turning point for the advancement of veterinary medicine,” said Lee Young-won, professor at Chungnam National University College of Veterinary Medicine. “We were able to develop Korea’s first AI-based veterinary image diagnosis assistance solution by combining our expertise in AI and high-quality data from five national universities,” Ha Min-yong, Chief Development Officer of SKT. “We will continue to expand the scope of diagnostics to provide better pet care services and improve the welfare of animals.”
SKT’s Vice Chairman Park Jung-ho Meets the President of Palau to Support Busan’s Bid to Host the World Expo 20302022.08.21
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced that Vice Chairman Park Jung-ho and CEO Ryu Young-sang met with Surangel S. Whipps. Jr., the President of the Republic of Palau, yesterday and requested the Palauan government to support Busan’s bid to host the ‘World Expo 2030’. They also discussed cooperation to upgrade Palau’s communication infrastructure. At the meeting, Vice Chairman Park Jung-ho said, “The World Expo 2030 Busan highlights the seriousness of the global climate change and the need for each country to take an active response. It will also serve as a great opportunity for Palau to experience Korea’s innovative technologies and methodologies to respond to climate change.” Palau’s President Surangel S. Whipps. Jr. said, “Palau is facing a climate crisis due to sea level rise caused by global warming. I highly appreciate that the World Expo 2030 Busan puts a great emphasis on the international community's interest and efforts to overcome climate change.” Last year, at the 26th United Nations framework Convention on Climate Change (COP26) held in Glasgow, Scotland, President Surangel S. Whipps. Jr. strongly criticized the G20 countries and the international community for not taking enough action against climate crisis. SKT CEO Ryu Young-sang also suggested cooperation with the Palauan government to upgrade Palau’s current 4G LTE infrastructure to 5G. “Based on SKT’s technologies and experience accumulated through the world’s first commercialization of 5G, we can work together to build 5G infrastructure in Palau,” said CEO Ryu Young-sang. President Surangel S. Whipps. Jr. showed great interest in SKT's 5G infrastructure built across Korea and other advanced technologies including AI, metaverse, IoT, and cloud services.There also was discussion about renewable energy, an industry that SKT also has much experience in. Vice Chairman Park Jung-ho and CEO Ryu Young-sang also visited Melekeok Korean Commemoration Park, established in 2004 to commemorate the Korean victims who died in Palau during World War II, and discussed ways to improve roads and facilities inside the park to attract more Korean visitors. Meanwhile, SKT has become the first Korean mobile operator to provide LTE roaming service to customers travelling to Palau, a popular tourist destination for Koreans, in June this year.
SK Telecom Announces 2Q 2022 Earnings Results2022.08.09
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced its earnings for the second quarter of 2022 on a K-IFRS consolidated basis: revenue of KRW 4.290 trillion, operating income of KRW 459.6 billion, and net income of KRW 258.1 billion. Compared to the same period last year, SKT’s consolidated revenue and operating income increased by 4% and 16.1%, respectively, thanks to the growth of its key business areas including MNO, IPTV, data center and cloud. Net income decreased by 67.6% due to factors including the exclusion of equity method gains from SK Hynix. On a non-consolidated basis, SKT’s revenue rose by 3.2% year-on-year (YoY) to stand at KRW 3.118 trillion, and its operating income expanded by 16% YoY to KRW 380.9 billion. The growth was backed by the company’s strong performance in the fixed and mobile telecommunication business and enterprise business, which includes cloud solutions. SK Broadband’s revenue increased by 3.6% YoY to KRW 1.033 trillion, while its operating income expanded by 21.8% to KRW 78.2 billion. It achieved the highest net additions of IPTV subscribers in the market in the first half of this year. SKT stated that it is achieving strong performance thanks to even growth of its key five business groups, which have been actively promoted as the company’s new growth drivers. The company has further strengthened its leadership in the fixed and mobile telecommunications market. As the number of its 5G subscribers surpassed 10 million in the previous quarter, taking up half of its total mobile subscriber base, SKT recently launched new price plans to strengthen customer choice and service competitiveness. Supported by quantitative growth of SK Broadband, the Media Business posted quarterly revenue of KRW 382.1 billion, up 22.3% YoY. The Enterprise Business, which includes data center and cloud, achieved two-digit YoY growth for two consecutive quarters as its revenue expanded by 13.8% YoY to KRW 374.3 billion. With the increasing demand for data centers, the revenue is expected to grow further. The cloud business is expanding rapidly as its revenue increased by 133% YoY. SKT’s subscription service reached a Gross Merchandise Volume (GMV) of KRW 260 billion in the first half of this year. In particular, T Universe is showing steady growth mainly among people in their 20s to 40s, exceeding 1.2 million subscribers. Ifland, which recently marked one-year anniversary since launch, surpassed 1.63 million monthly active users (MAU) and 8.7 million cumulative downloads. Recently, SKT and Hana Financial Group signed a share-swap deal worth around KRW 400 billion and entered into a strategic partnership agreement. As it has led innovations through collaboration with partners from many different industries, SKT plans to drive a new wave of innovations through convergence between ICT and finance. “As we enter into the next chapter in our corporate history, we are generating tangible results by achieving even growth in our key five business groups,” said Kim Jin-won, Chief Financial Officer of SKT. “We will do our utmost so that our sustained growth and innovations will lead to the enhancement of shareholder value.” ※The conference call in regard to SK Telecom’s 2Q 2022 earnings results can be heard via SK Telecom’s webpage on Tuesday, August 9, from 15:00 Seoul Time. Link: https://irsvc.teletogether.com/skt/skt2022Q2_eng.php ※ Attachment 1.Summary of Consolidated Income Statement (Unit: KRW billion) Type Year-on-year Quarter-on-quarter 2022 2Q 2021 2Q Change 2022 2Q 2021 1Q Change Revenue 4,289.9 4,125.1 4.0% 4,289.9 4,277.2 0.3% Operating Income 459.6 395.7 16.1% 459.6 432.4 6.3% Net Income 258.1 795.7 -67.6% 258.1 220.3 17.2% * The horizontal spin-off in 2021 is reflected in the figures. ※Attachment 2.Summary of Non-Consolidated Income Statement(Unit: KRW billion) Type Year-on-year Quarter-on-quarter 2022 2Q 2021 2Q Change 2022 2Q 20221Q Change Revenue 3,118.2 3021.6 3.2% 3,118.2 3,077.4 1.3% Operating Income 380.9 328.4 16.0% 380.9 356.9 6.7% Net Income 224.5 184.0 22.0% 224.5 252.0 -10.9%
SKT to Lead International Standardization of Quantum Cryptography Technologies2022.07.19
SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced that its two technologies regarding the control and interworking of quantum cryptography communication networks were adopted as new work items at the ITU-T meeting held in Geneva, Switzerland. They will be approved as international standards through discussions among ITU-T member countries. The two technologies chosen as work items are: ‘Quantum Key Distribution Network Interworking – Software Defined Networking Control’; and ‘framework of Quantum Key Distribution Network Federation.’ Both of these technologies are essential for the popularization of quantum cryptography communication technologies. ‘Software Defined Networking Control System for Interworking of Quantum Key Distribution Networks’ allows telecommunication companies to manage their existing communication networks and QKD networks in an integrated and efficientmanner. It also enables integrated management of quantum cryptography communication networks using QKD of different equipment companies, which will be a huge boost to the growth of the related ecosystem as telecommunication companies will be able to work with multiple QKD equipment companies to deploy quantum-powered networks. ‘Quantum Key Distribution Network Federation’ can be likened to international roaming between mobile operators. Just like international roaming provides users with mobile services beyond national boundaries, ‘Quantum Key Distribution Network Federation’ allows for the provision of quantum-safe communication services for customers regardless of whose QKD network they are on by supporting interworking/federation between QKD networks of different service providers. Going forward, this technology is expected to not only enable the federation of QKD-equipped national backbone network and QKD networks of telecommunication companies to support joint roaming services in emergencies, but also allow for the federation of satellite communication networks and QKD networks to offer a new range of quantum cryptography communication services in the era of 6G mobile communication. Meanwhile, together with the SK Broadband consortium and ID Quantique, SKT has implemented projects for the Ministry of Science and ICT, building pilot QKD infrastructure and developing application services for 17 different institutions from the public, medical and industrial sectors. In addition, the company is currently working to expand into the defense and public markets in cooperation with competitive Korean cryptography companies. “The approval of these two items by ITU-T carries a significant meaning as they will serve a pivotal role in accelerating the adoption of quantum cryptography communication throughout the globe,” said Ha Min-yong, Chief Development Officer of SKT. “We will continue to drive the growth of the quantum ecosystem by taking an active part in the international standardization of quantum technologies and developing attractive services and business cases.