SK Telecom Co., Ltd. (NYSE:SKM) Q4 2024 Results Conference Call February 12, 2025 1:00 AM ET
Company Participants
Hee Jun Chung – Investor Relations
Yang-Seob Kim – Chief Financial Officer
Kim Ji Hoon – Head of AI Business Strategy
Lee Jae Shin – Head of AI Growth Strategy
Lee Hyunwoo – Head of AIDC Development
Conference Call Participants
Kim Hoi Jae – Daishin Securities
Lee Sun Jung – Bank of America
Jeong Jisoo – Meritz Securities
Kim Hong-sik – Hana Securities
Kim Joonsop – KB Securities
Hee Jun Chung
Good afternoon. I am Hee Jun Chung, IRO of SK Telecom. Let us begin the Earnings Conference Call for the Fourth Quarter and Fiscal Year 2024. Today, we will first deliver a presentation on the financial and business highlights, followed by a Q&A session. Please note that all forward-looking statements are subject to change, depending on various factors such as market and management situations.
Let me now present our CFO.
Yang-Seob Kim
Good afternoon. This is Yang-seob Kim, CFO of SK Telecom. It is my first time to greet you in 2025. I’d like to wish you a happy new year and good health and happiness in the new year.
For SK Telecom, 2024 was all about operational improvements and artificial intelligence. While operational improvement efforts further strengthened our competitiveness in the telecom business, the AI Pyramid Strategy guided us in refining business models and establishing execution systems to lay the foundation to become an AI company. We focused on operational improvements not just to reduce costs but also to enhance our overall portfolio, processes and culture to strengthen the company’s business fundamentals. Thanks to these efforts, the consolidated operating profit grew 4% year-over-year and the OP margin exceeded 10%.
Let me now report on the consolidated financial results for 2024. Consolidated
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