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Estimated Results of Operations

4 May 2007 09:07

Estimated Results of Operations (Fair Disclosure)

\* The following information is based on preliminary estimates and may differ from our actual results of operations. 1. Results of Operations(Unit: Million KRW, %) 1st 4th Increase 1st Increase Quarter Quarter (Decrease) Quarter (Decrease) 2007 2006 percentage 2006 percentage for 1Q 2007 for 1Q 2007 versus versus 4Q 2006 1Q 2006 Operating For the 2,711,731 2,759,776 (1.74) 2,540,314 6.75Revenue quarter Cumulative 2,711,731 10,650,952 -- 2,540,314 6.75Operating For the 661,984 538,860 22.85 667,861 (0.88)Income quarter Cumulative 661,984 2,584,370 -- 667,861 (0.88) Ordinary For the 563,792 371,006 51.96 478,276 17.88Income quarter Cumulative 563,792 2,021,643 -- 478,276 17.88Net For the 396,310 279,298 41.90 337,160 17.54Income quarter Cumulative 396,310 1,446,598 -- 337,160 17.542. Prior Information SK Telecom IR Department disclosure provider of information Audience Investment analysts and institutional investors Date of 4:00 p.m., April 26, 2007 disclosure Event(place) Conference call on 1Q 2007 results (SK Telecom headquarters conference room) 3. Contacts Responsible officer Tae Jin Park, Head of IR Department (telephone number) (6100-2400) Primary contact Jinmo Kim, Manager, IR Department (telephone number) (6100-1620) Relevant department IR Department 4. Other Relevant Information * Please refer to the attached "Results for the Quarter Ended March 31, 2007" for details regarding our estimated results of operations. (Please refer to the link below for the "Results for the Quarter Ended March 31, 2007":

http://xprnnews.xfn.info/SK/20070504/SKTQ1.pdf )

* The content of the conference call will be broadcast in real-time on our company web site (www.sktelecom.com ). * The amount of ordinary income stated above is the income before income taxes, based on the changes to applicable accounting standards.

Forward-Looking Statement Disclaimer

The material above contains forward-looking statements. Statements that are nothistorical facts, including statements about our beliefs and expectations, areforward-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 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: Vice PresidentDate: May 4, 2007

SK TELECOM CO LD (GDR)
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