Removal of an Affiliated Company

18 Dec 2008 07:30

Disclosure Regarding Changes With Respect To An Affiliated Company

SK Telecom USA Holdings, Inc. ("SK Telecom USA Holdings"), a wholly-ownedsubsidiary of SK Telecom Co., Ltd. ("SK Telecom"), has been dissolved as ofDecember 5, 2008. Details regarding the dissolution of SK Telecom USA Holdingsare set out below: 1. Subject Removal of an affiliated company 2. Facts Regarding Name SK Telecom US Holdings, Inc. Affiliated Company Chief Executive Jin Woo Seo Officer Material Financial Total Assets: Net Assets: Data (in Korean Won) 70,330,276,399 70,319,860,945 Total Total paid-in Liabilities: capital: 10,415,454 327,867,640,383 Major Business Investment in the telecommunications industry of the United States 3. Affiliated SK Company Group 4. Reason for Dissolution Change 5. Number of Before Change 268 Affiliated After Change 267 Companies 6. Date of Change December 5, 2008 7. Date of December 16, 2008 Confirmation of Change 8. Other information (1) SK Telecom USA Holdings is a subsidiary of SK Telecom. (2) The "Material Financial Data" in "2. Facts Regarding Affiliated Company" is as of December 31, 2007. 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: December 18, 2008