REG-SK Telecom Co Ld: New Investments in Equipment

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Tue Jan 15, 2008 3:23am EST 

Report on Important Business Matters 
                    New Investments in Equipment                          

    The management of SK Telecom Co., Ltd. ("SK Telecom") has approved plans for
the following new investments in telecommunications equipment.


1. Investment Type                            Investment in Network equipment     
                                                             
2. Investment       Investment Amount (Won)                   655,000,000,000
   Details          SK Telecom  Capitalization (Won)        9,291,426,779,000
                    Investment as Percentage of                    
                    Capitalization (%)                                  7.05%                        
                                 
3. Purpose of Investment                                  Quality Improvement 
                                 
4. Investment Period                                January 2008 to June 2008
                                 
5. Date of Management Approval                                January 15,2008    



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/ Tae Jin Park
                                         (Signature)
                                         Name:  Tae Jin Park
                                         Title: Vice President


Date: January 15, 2008


END
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