Sk Telecom Co Ltd 6-K, filed Mar 26, 2025
Sk Telecom Co Ltd (SKM)
About this 6-K
Sk Telecom Co Ltd filed this 6-K on March 26, 2025.
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 MARCH 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 ☐
RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
| 1. | Approval of Financial Statements for the 41th Fiscal Year : Approved as originally submitted |
|
The 4th Fiscal Year (Fiscal Year ended December 31, 2024)
(in millions of Won, except for basic earnings per share)
|
| |||||||||
| Consolidated | - Total Assets | 30,515,255 | - Operating Revenue | 17,940,609 | ||||||
| - Total Liabilities | 18,687,621 | - Operating Income | 1,823,409 | |||||||
| - Share Capital | 30,493 | - Profit for the Year | 1,387,095 | |||||||
| - Total Equity | 11,827,634 | - Basic Earnings per Share (Won) | 5,780 | |||||||
| Separate | - Total Assets | 24,585,626 | - Operating Revenue | 12,774,060 | ||||||
| - Total Liabilities | 13,624,772 | - Operating Income | 1,523,175 | |||||||
| - Share Capital | 30,493 | - Profit for the Year | 1,280,484 | |||||||
| - Total Equity | 10,960,854 | - Basic Earnings per Share (Won) | 5,923 | |||||||
| (1) Prepared in accordance with International Financial Reporting Standards as adopted in Korea
(2) Opinion of independent auditors: Unqualified
|
| |||||||||
| < Approval of Cash Dividends> (in Won, except for percentages)
|
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| Cash Dividends | Dividend per Share | Common Stock | Year-end Dividend | 1,050 | ||||||
| Interim Dividends | 2,490 | |||||||||
| Total Cash Dividend | 753,613,104,770 | |||||||||
| Market Dividend Rate (%) (including interim dividend) |
Common Stock | 6.4 | ||||||||
| Preferred Stock | — | |||||||||
| 2. | Amendments to the Articles of Incorporation : Approved as originally submitted |
| Current | Proposed Amendment | Remarks | ||
| Article 54-3. Quarterly Dividends
(1) Dividends of profits may be paid by the Company in cash on the last day of the third, sixth, and ninth month from the beginning of each fiscal year (the “record date for quarterly dividend”) by a resolution of Board of Directors (established on March 25, 2021).
(2) Quarterly dividends under Paragraphs (1) shall be paid to the shareholders entered in and the pledgees registered with the Register of Shareholders as of the record date for quarterly dividend (established on March 25, 2021).
(Text omitted) |
Article 54-3. Quarterly Dividends
(1) Dividends of profits may be paid by the Company in cash by a resolution of Board of Directors within forty-five (45) days from the end of the third month, sixth month, and ninth month, respectively, starting from the beginning of the fiscal year (established on March 25, 2021, amended on March 26, 2025).
(2) The Company may set the record date for the Shareholders or registered pledgees who are entitled to dividends under Paragraph (1) by a resolution of the Board of Directors, and once a record date has been set, it must be announced two (2) weeks prior to the record date (established on March 25, 2021, amended on March 26, 2025).
(Text omitted)
|
To align this Article with the applicable amendment made to the Financial Investment Services and Capital Markets Act, which seeks to enhance the level of dividend predictability for shareholders by allowing the record date for the distribution of quarterly dividends to be set on a date subsequent to the date of resolution of the Board, and the model articles of incorporation published by the Korea Listed Companies Association. | ||
| <Newly established> | Addendum No. 34 (as of March 26, 2025)
Article 1. Date of Effectiveness
These Articles of Incorporation shall take effect as of March 26, 2025. |
To set forth the date of effectiveness. | ||
| 3. | Appointment of a Non-executive Director (Kang, Dong-soo) : Approved as originally submitted |
| Name | Terms | Business Experience | Remark | |||||
| Period | Contents | |||||||
| Kang, Dong-soo | 3 years | 2025 - Present
2023 - 2024
2021 - 2022
2019 - 2020
2018 |
Head of PM Division, SK Inc.
Head of Portfolio Division, SK Innovation
Head of Solution & Platform Development Division, SK Energy
Officer of SV Development Team, SUPEX Council
Head of Corporate Planning Office, SK Energy |
Newly appointed | ||||
| 4. | Appointment of an Independent Non-executive Director to Serve as an Audit Committee Member (Kim, Changbo): Approved as originally submitted |
| Name | Terms | Business Experience | Remark | |||||
| Period | Contents | |||||||
| Kim, Changbo | 3 years | 2024 - Present
2021 - 2024
2019 - 2021
2017 - 2019
2000 - 2017 |
Attorney, DR & AJU LLC
Presiding Judge, Seoul Central District Court
Chief Judge, Seoul High Court
Vice Minister/Acting Minister, National Court Administration
Presiding Judge, Jeju District Court, Seoul District Court, Gwangju High Court, Seoul High Court |
Newly appointed | ||||
| 5. | Approval of the Ceiling Amount of Remuneration for Directors : Approved as originally submitted |
| A. | Number of Directors and Total Amount or Maximum Authorized Amount of Remuneration for Directors |
| Fiscal year 2025 | Fiscal year 2024 | |||
| Number of directors | 8 | 9 | ||
| Number of independent non-executive directors | 5 | 5 | ||
| Total amount of remuneration paid to directors | — | Won 5,781,914,670 | ||
| Total amount or maximum authorized amount of remuneration for directors |
Won 10,000,000,000 | Won 10,000,000,000 |
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: March 26, 2025