SK Telecom Co., Ltd. (NYSE:SKM) Q3 2024 Earnings Conference Call November 6, 2024 ET
Company Participants
Hee Jun Chung – Investor Relations
Yang Seob Kim – Chief Financial Officer
Conference Call Participants
Seung Woong Lee – Yuanta Securities
Soojin Kim – Mirae Asset Securities
Hoi Jae Kim – Daishin Securities
Hee Jun Chung
Good afternoon. I am Hee Jun Chung, IRO of SK Telecom. Thank you for joining SK Telecom’s earnings conference call.
Today, we will first deliver a presentation on major events, 2024 Q3 earnings highlights and business performances, which will be followed by the Q&A session.
The call is attended by our executives from relevant business divisions, including Yang-Seob Kim, CFO of SK Telecom, and we are providing consecutive interpretation for the call.
I would like to remind you that all forward-looking statements are subject to change, depending on various factors, such as market and macro situations.
Let me now present our CFO.
Yang Seob Kim
Good afternoon. This is Yang-Seob Kim, CFO of SK Telecom. After the spin-off in November 2021, SK Telecom announced a new vision to focus solely on telecommunications and AI. For the past 3 years, the company has established an AI Pyramid Strategy, mobilized enterprise-wide capabilities to become a global AI company and pursued a number of partnerships and investments. As the recently announced Corporate Value-up Plan illustrates, SK Telecom will now show you specific ways to make money using AI.
There are three main ways to generate profit with AI that SK Telecom is pursuing. First is AI data centers. In the D.C. market, demand triggered by AI continues to exceed supply. We have expensive DC operational experience, AI solutions secured together with domestic and global partners and nationwide base stations that can be utilized as AI infrastructure. SK Telecom aims to become a leader in the global AI
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