SK Telecom Co., Ltd. (NYSE:SKM) Q2 2023 Earnings Conference Call August 8, 2023 3:00 AM ET
Company Participants
Hee Jun Chung - Investor Relations
Jin-won Kim - Chief Financial Officer
Kim Ji-Hoon - Head, Integrated Marketing Strategy Office
Kim Myung-Gook - Head, Cloud Business Office
Conference Call Participants
Seung Woong Lee - eBest Investment & Securities
Hoi Jae Kim - Daishin Securities
Joonsop Kim - KB Securities
Operator
Good morning and good evening. First of all, thank you all for joining this conference call. Now, we will begin the conference of the Fiscal Year 2023 Second Quarter Earning Results by SK Telecom. This conference will start with a presentation, followed by a divisional Q&A session. [Operator Instructions] Now we shall commence the presentation on the fiscal year 2023 second quarter earnings results by SK Telecom.
Hee Jun Chung
Afternoon I am Hee Jun Chung, IRO of SK Telecom. Thank you for joining SK Telecom’s earnings conference call. Today we will first deliver a presentation on major events, quarterly earnings highlights, and business performances which will be followed by the Q&A session. The call is attended by executives from relevant business divisions including Jin-won Kim, CFO of SK Telecom, and we’re providing consecutive interpretation for the call. As you may know, I’d like to remind you that all forward-looking statements are subject to change depending on various factors such as market and macro situation.
Let me now present our CFO.
Jin-won Kim
Good afternoon. This is Jin-won Kim, CFO of SK Telecom. SK Telecom has been at the forefront in transforming itself into an AI company. Since we launched A dot beta service in May last year, ChatGPT has become a hot topic, creating a global rush for AI technology by global big tech companies and various large language models and services based on them has been launched competitively.
These changes in the business environment have resulted in a shared understanding around the world that companies cannot survive without change and innovation based on AI. Against this backdrop, while continuing to further advance the A dot service based on its own LLM, SK Telecom launched the Global Telco AI Alliance in late July to build a comprehensive cooperation framework and jointly access AI markets by mobilizing forces of global telcos. Led by SK Telecom, the alliance consists of major telcos from Europe, the Middle East, and Asia, including Deutsche Telekom, e&, and Singtel. The Global Telco AI Alliance entails business cooperation to develop multilingual LLM jointly to gain AI leadership in the global market, and we will continue to create business synergies through broader discussions including strategic cooperation with major LLM players.