Last $29.92 USD
Change Today -0.39 / -1.29%
Volume 544.2K
SKM On Other Exchanges
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

SK T-Tower

65, Eulji-ro

Jung-gu

Seoul, 100-999

South Korea

Phone: 82 2 6100 2114

Fax:

Mad Smart Co., Ltd., which provides ‘tic-toc’ service, to expand its business to mobile communication and social networking services. SK Planet has focused on providing ‘tic-toc’ in global markets and launched this service in Southeast Asia and the United States, and Turkey in 2013, expecting to secure its subscriber base by offering a range of services, including m-VoIP, multimedia contents sharing and connection with other mobile social networking services. SK Planet developed ‘Frankly’, a mobile messenger service that built upon and customized ‘tic-toc’ to local market condition and launched this service in the United States in September 2013 and Korea in October 2013. Portal Services Fixed-line NATE Portal Service: The company’s subsidiary, SK Communications, offers a fixed-line portal service under its ‘NATE’ brand name and at the Website www.NATE.com. NATE.com offers various content and services, including an Internet search engine, as well as access to free email accounts. SK Communications also operates NATE-ON, an instant messaging service available to NATE users. NATE-ON allows users to chat online using various wireless, as well as wired, devices, such as mobile phones, personal digital assistants, and portable computers. Global Business United States: The company owns a 3.3% equity interest in LightSquared. LightSquared planned to build a wholesale wireless broadband network in the United States. LightSquared is in bankruptcy proceedings in the United States pursuant to Chapter 11 of the U.S. Bankruptcy Code. China: Through the company’s wholly-owned Chinese subsidiary, SK Telecom China Holding Company, the company invested US$15.6 million to acquire a 65.5% equity interest in Shenzhen E-eye High Tech Co., Ltd. (Shenzhen E-eye High Tech), a GPS service company in China. Shenzhen E-eye High Tech and SK Marketing & Company Co., Ltd. established a joint venture to provide telematics services in Beijing, Shanghai and Shenzhen. The company owns a 42.2% equity interest in TR Music Co., Ltd., a major record label in China. In addition, it invested US$7.8 million to acquire a 30.0% equity interest in Magic Tech Network Co., Ltd., a Hong Kong company that develops and publishes online games in China. The company set up a joint venture with China Railway No. 2 Engineering Group to build and run a smart city system at Jinma Smart City Project in Chengdu, China. In 2013, it acquired a 49.0% equity interest in Tianlong, a Chinese medical device manufacturer, to enter the healthcare market in China. Malaysia: The company owns a 27.2% equity interest in Packet One Networks (P1), a Malaysian 4G WiMAX telecommunications company and subsidiary of Green Packet Berhad. P1 is the first WiMAX service provider in the country, which has established itself as the market leader in high-speed wireless broadband services. Indonesia: The company agreed with PT. Telekomunikasi Indonesia Tbk (TELKOM), the telecommunication company in Indonesia, to establish a joint venture to launch and operate a digital content exchange hub (DCEH) in Indonesia. DCEH is a new type of content distribution system to distribute digital content like music, games and video clips for access not only by consumers and also by online music stores and telephone operators. The company would provide management expertise in building the DCEH business platform and digital content, while TELKOM would provide its knowledge of the Indonesian market utilizing its position as a key player in the Indonesian telecommunication industry. In 2013, SK Planet and PT. XL Axiata Tbk, an Indonesian mobile telecommunications provider, established an equally-held joint venture, XL Planet, to launch and operate m-commerce business, and in March 2014, launched an online shopping mall ‘Elevenia’. Turkey: SK Planet and Dogus Group, a Turkish conglomerate engaged in various businesses, established an equally-held joint venture, Dogus Planet, to launch and operate m-commerce businesses based on the commerce platform of 11th Street, in Turkey. In 2013, Dogus Planet launched n11.com, an online marketplace for the Turkish market. Regional and International Strateg

 

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