6-K 1 d937499d6k.htm FORM 6-K Form 6-K
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE MONTH OF APRIL 2025

Commission File Number: 333-04906

 

 

SK Telecom Co., Ltd.

(Translation of registrant’s name into English)

 

 

65, Euljiro, Jung-gu

Seoul 04539, Korea

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒     Form 40-F ☐

 

 
 


Decision on Disposal of Shares

On April 24, 2025, the board of directors of SK Telecom Co., Ltd. (the “Company”) approved the Company’s proposed disposal of certain shares of Kakao Corp. (“Kakao”). Details of such proposed disposal are as follows:

 

1. Details of Kakao    Company Name    Kakao Corp.
   Country of Incorporation    Republic of Korea    Representative    Shina Chung
   Share Capital (Won)    44,416,211,700     Relationship to the Company    -
   Total Number of Shares Issued and Outstanding    443,662,117     Principal Business    Mobile service business
     
2. Details of Disposal    Number of the Shares to be Disposed    10,818,510
   Aggregate Disposal Value (Won)    413,267,082,000
   The Company’s Total Shareholders’ Equity (Won)    11,827,634,717,640
   Ratio of Aggregate Disposal Value to the Company’s Total Shareholders’ Equity as of December 31, 2024 (%)    3.49
   Large-scale Corporation    Applicable
     
3. Number of Shares to be Held by the Company and Shareholding Ratio after Disposal    Number of Shares to be Held    0
   Shareholding Ratio(%)    0
   
4. Purpose of Disposal    To secure financial resources for future growth investments and improve the financial structure of the Company
   
5. Scheduled Disposal Date    April 25, 2025
   
6. Date of Resolution by the Board of Directors    April 24, 2025
   

•  Attendance of Outside Directors

   Present: 5; Absent: 0
   
7. Put Options or Other Agreements    None
   
8. Other Important Matters Relating to Investment Decision   

•  The share capital of Kakao set forth in Item 1 above is on a consolidated basis as of December 31, 2024.

 

•  The aggregate disposal value set forth in Item 2 above is based on the book value of the shares to be disposed of, as of December 31, 2024. Since the book value (Won 413,267,082,000) is higher than the actual disposal value (Won 395,200,170,300), the book value has been stated.

 

•  The Company’s total shareholders’ equity set forth in Item 2 above is on a consolidated basis as of December 31, 2024.

 

•  The above disposal of shares will be conducted as an off-hour block trade, and the scheduled disposal date set forth in Item 5 above is based on the execution date of such transaction, which is scheduled to be executed before the market opens on April 25, 2025.

 

•  The table below sets forth the summary consolidated financial information of Kakao as of and for the years ended December 31, 2024, 2023 and 2022.


Summary Consolidated Financial Information of Kako (Unit: in millions of Won)

 

As of and for

the year ended

December 31,

  

Total

Assets

     Total
Liabilities
     Total
Shareholders’
Equity
     Share
Capital
     Revenue      Profit  

2024

     25,773,028        11,830,134        13,942,894        44,416        7,871,692        (161,871

2023

     25,179,969        11,321,370        13,858,599        44,535        7,557,002        (1,816,669

2022

     22,963,544        9,447,827        13,515,717        44,592        6,798,742        1,067,029  


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/ Hee Jun Chung

(Signature)
Name: Hee Jun Chung
Title: Vice President

Date: April 25, 2025