Changes to Revenues or Income

29 Jan 2007 07:26

(Changes to Revenues or Income)

Changes to Revenues or Income 1. Changes to Revenues or Years Ended December 31, Amount of Percentage Income Increase of (in thousands of Won) (Decrease) Increase (Decrease) 2006 2005 Revenues 10,650,952,432 10,161,128,637 489,823,795 4.8 Operating Income 2,584,369,584 2,653,569,507 (69,199,923) (2.6) Ordinary Income 2,021,642,990 2,554,613,346 (532,970,356) (20.9) Net Income 1,446,597,938 1,871,380,090 (424,782,152) (22.7) 2. Balance Sheet Data As of December 31, (in thousands of Won) 2006 2005 Total Assets 15,814,053,326 14,521,676,459 Total Liabilities 6,507,625,682 6,263,795,751 Capital Stock 9,306,427,644 8,257,880,708 Total Stockholders'Equity 44,639,473 44,639,473 Capital Stock / Total Stockholders' Equity (%) 20,849.0 18,499.1 3. Reason for Changes to An increase in costs due to heightened market competition. Revenue or Income 4. Date of the Resolution January 25, 2007

by the Board of Directors Attendance of Present 7 external directors Absent -- Attendance of auditors -- 5. Other Noteworthy Above figures are subject to changes as a result of an Matters audit by the independent auditors or the general shareholders' meeting. 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: January 29, 2007