New investments in equipment

27 Mar 2008 07:00

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) 389,850,000,000 Details SK Telecom Capitalization (Won) 11,437,485,222,000 Investment as Percentage of Capitalization (%) 3.41% 3. Purpose of Investment Quality Improvement 4. Investment Period July 2008 to December 2008 5. Date of Management Approval March 26, 2008

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 the 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: Senior Vice PresidentDate: March 26, 2008