21 Aug 2007 07:57
Other Important Business Matters
1. Reason for filing:
Acquisition of shares of China Unicom Limited
2. Details:
(1) China Unicom Limited A. Name (Country): China Unicom Limited (Hong Kong) B. Representative Director: Chang, Xiaobing C. Total number of shares issued: 13,613,792,000 D. Business area: Telecommunications (2) Details of acquisition A. Number of shares acquired: 899,745,075 B. Total amount paid (KRW): 957,055,052,885 C. Equity Capital: 9,309,674,175,000 D. Percentage of investment compared with equity capital (%): 10.28 E. Large-sized corporation: Yes (3) Number of shares owned by SK Telecom and shareholding ratio after acquisition A. Number of shares owned: 899,745,075 B. Shareholding ratio (%): 6.61% (4) Acquisition method: conversion of convertible bonds (5) Purpose of investment: Entering into the Chinese market through business cooperation with China Unicom (6) Scheduled date of acquisition of China Unicom shares by SK Telecom: September 4, 2007 (the date of share registration in Hong Kong)
3. Date of decision / occurrence: August 20, 2007 (the date of internal
approval)
4. Other noteworthy matters: -
Forward-Looking Statement Disclaimer
The material above contains forward-looking statements. Statements that are not 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 on them. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or performance to be materially different from any future results or performance expressed or implied by such forward-looking statements. We do not make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Additional information concerning these and other risk factors are contained in our latest annual report on Form 20-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: August 21, 2007
SK TELECOM CO LD (GDR)