New Investments in Equipment

15 Jan 2008 08:23

Report on Important Business Matters New Investments in Equipment

The management of SK Telecom Co., Ltd. ("SK Telecom") has approved plans for the following new investments in telecommunications equipment.

1. Investment Type Investment in Network equipment 2. Investment Investment Amount (Won) 655,000,000,000 Details SK Telecom Capitalization (Won) 9,291,426,779,000 Investment as Percentage of Capitalization (%) 7.05% 3. Purpose of Investment Quality Improvement 4. Investment Period January 2008 to June 2008 5. Date of Management Approval January 15,2008 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 15, 2008