UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF APRIL 2025
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrant’s name into English)
65, Euljiro, Jung-gu
Seoul 04539, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Decision on Disposal of Shares
On April 24, 2025, the board of directors of SK Telecom Co., Ltd. (the “Company”) approved the Company’s proposed disposal of certain shares of Kakao Corp. (“Kakao”). Details of such proposed disposal are as follows:
| 1. Details of Kakao | Company Name | Kakao Corp. | ||||||
| Country of Incorporation | Republic of Korea | Representative | Shina Chung | |||||
| Share Capital (Won) | 44,416,211,700 | Relationship to the Company | - | |||||
| Total Number of Shares Issued and Outstanding | 443,662,117 | Principal Business | Mobile service business | |||||
| 2. Details of Disposal | Number of the Shares to be Disposed | 10,818,510 | ||||||
| Aggregate Disposal Value (Won) | 413,267,082,000 | |||||||
| The Company’s Total Shareholders’ Equity (Won) | 11,827,634,717,640 | |||||||
| Ratio of Aggregate Disposal Value to the Company’s Total Shareholders’ Equity as of December 31, 2024 (%) | 3.49 | |||||||
| Large-scale Corporation | Applicable | |||||||
| 3. Number of Shares to be Held by the Company and Shareholding Ratio after Disposal | Number of Shares to be Held | 0 | ||||||
| Shareholding Ratio(%) | 0 | |||||||
| 4. Purpose of Disposal | To secure financial resources for future growth investments and improve the financial structure of the Company | |||||||
| 5. Scheduled Disposal Date | April 25, 2025 | |||||||
| 6. Date of Resolution by the Board of Directors | April 24, 2025 | |||||||
|
• Attendance of Outside Directors |
Present: 5; Absent: 0 | |||||||
| 7. Put Options or Other Agreements | None | |||||||
| 8. Other Important Matters Relating to Investment Decision |
• The share capital of Kakao set forth in Item 1 above is on a consolidated basis as of December 31, 2024.
• The aggregate disposal value set forth in Item 2 above is based on the book value of the shares to be disposed of, as of December 31, 2024. Since the book value (Won 413,267,082,000) is higher than the actual disposal value (Won 395,200,170,300), the book value has been stated.
• The Company’s total shareholders’ equity set forth in Item 2 above is on a consolidated basis as of December 31, 2024.
• The above disposal of shares will be conducted as an off-hour block trade, and the scheduled disposal date set forth in Item 5 above is based on the execution date of such transaction, which is scheduled to be executed before the market opens on April 25, 2025.
• The table below sets forth the summary consolidated financial information of Kakao as of and for the years ended December 31, 2024, 2023 and 2022. | |||||||
Summary Consolidated Financial Information of Kako (Unit: in millions of Won)
| As of and for the year ended December 31, |
Total Assets |
Total Liabilities |
Total Shareholders’ Equity |
Share Capital |
Revenue | Profit | ||||||||||||||||||
| 2024 |
25,773,028 | 11,830,134 | 13,942,894 | 44,416 | 7,871,692 | (161,871 | ) | |||||||||||||||||
| 2023 |
25,179,969 | 11,321,370 | 13,858,599 | 44,535 | 7,557,002 | (1,816,669 | ) | |||||||||||||||||
| 2022 |
22,963,544 | 9,447,827 | 13,515,717 | 44,592 | 6,798,742 | 1,067,029 | ||||||||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SK TELECOM CO., LTD. | ||
| (Registrant) | ||
| By: | /s/ Hee Jun Chung | |
| (Signature) | ||
| Name: Hee Jun Chung | ||
| Title: Vice President | ||
Date: April 25, 2025