SK Telecom Co.,Ltd (NYSE:SKM) Q3 2022 Earnings Conference Call November 10, 2022 1:00 AM ET

Company Participants

Hee June Chung - IRO

Jin-won Kim - Chief Financial Officer and Head of Corporate Planning

Yoon Jae-woong - Head of Subscription and Marketing Office

Yang Maeng-seok - Head of Metaverse Company

Conference Call Participants

Seyon Park - Morgan Stanley

Seung-woong Lee - eBest Investment & Securities

Neil Anderson - HSBC

Operator

[Foreign Language] [Interpreted] Good morning and good evening. First of all, thank you all for joining this conference call. And now, we will begin the conference of the Fiscal Year 2022 Third Quarter Earnings 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 2022 third quarter earnings results by SK Telecom.

Hee June Chung

[Foreign Language] [Interpreted] Good afternoon, I'm Hee June Chung, IRO of SK Telecom. Thank you for joining SK Telecom's earnings conference call.

[Foreign Language] [Interpreted] We are providing consecutive interpretation for the call, which will consist of a presentation on Q3 earnings highlights, future business plans, and strategic directions, as well as a Q&A session. [Foreign Language] [Interpreted] The call is attended by our executives from relevant business divisions including Jin-won Kim, CFO and Head of Corporate Planning of SK Telecom.

[Foreign Language] [Interpreted] Before we begin, I would like to remind you that all forward-looking statements are subject to change depending on market situations.

[Foreign Language] [Interpreted] Let me now present our CFO.

Jin-won Kim

[Foreign Language] [Interpreted] Good afternoon. This is Jin-won Kim, CFO of SK Telecom. [Foreign Language] [Interpreted] SK Telecom celebrated the first anniversary of the spin-off on November 1. With the launch of SKT 2.0, we redefined our business into five business groups to ensure that each business group within the telecom business could enjoy fair recognition of its value in the market. Even though the circumstances surrounding our business continue to be challenging, we have produced meaningful results in the telecom based new businesses on the back of stable Fixed and Mobile business performance.

[Foreign Language] [Interpreted] While the past strategy of SK Telecom was activate expansion into new business areas, SK Telecoms growth story for the next decade can be summed up as AI transformation. Customer engagement is key in this new era and AI has the potential to transform every industry. Against this backdrop, we have been focusing on building AI capabilities over the past years. Going forward, we aim to deliver better earnings with business model innovation through AI transformation, thereby enhancing our corporate value.