4Q 2008 Business Results

23 Jan 2009 07:00

Business (Preliminary) Results The preliminary results shown in this table may differ from the final results 1. Details Current Term Previous Term Year to Year Classification (fourth (third Comparison (unit: in quarter quarter Changes (fourth Changes million Won,%) of 2008) of 2008) quarter of 2007) Current Total Results 3,006,818 2,899,562 3.70% 2,916,012 3.11% Revenue Accumulative Results 11,674,662 8,667,844 -- 11,285,900 3.44% Current Operating Results 468,838 504,115 (-)7.00% 310,719 50.89% Income Accumulative Results 2,059,896 1,591,058 -- 2,171,543 (-)5.14% Income Current Before Results 118,085 441,706 (-)73.27% 133,482 (-)11.53% Tax Accumulative Results 1,506,076 1,387,991 -- 2,307,785 (-)34.74% Current Net Results 263,123 333,640 (-)21.14% 66,048 298.38% Income Accumulative Results 1,277,658 1,014,535 -- 1,642,451 (-)22.21% Data Provider SK Telecom IR 2. Source of Data Provided for Analysts and Institutional Investors Date of Provision January 23, 2009 / 10:00 Related Event Conference Call for the annual (Location) results of FY 2008 (SK Telecom

Headquarter,Conference Room)

3. Contact Supervisor IR, Tae Jin Park (6100-2400) Information Organizer IR, Kyung Hwan Chung(6100-1635) Organizing Team -- Forward-Looking Statement Disclaimer The material above contains forward-looking statements. Statements that arenot historical facts, including statements about our beliefs and expectations,are forward-looking statements. These statements are based on current plans,estimates and projections, and therefore you should not place undue reliance onthem. Such forward-looking statements involve known and unknown risks,uncertainties and other factors which may cause the our actual results orperformance to be materially different from any future results or performanceexpressed or implied by such forward-looking statements. We do not make anyrepresentation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained hereinis, or shall be relied upon as, a promise or representation, whether as to thepast or the future. Forward-looking statements speak only as of the date theyare made, and we undertake no obligation to update publicly any of them inlight of new information or future events. Additional information concerningthese and other risk factors are contained in our latest annual report on Form20-F and in our other filings with the U.S. Securities and Exchange Commission.

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/ Tae Jin Park (Signature) Name: Tae Jin Park Title: Senior Vice PresidentDate: January 22, 2009