Opening a new era of analog mobile phones for the first time in Korea, SK telecom successfully commercialized CDMA, 2.5G CDMA 2000 1X and 3G Synchronous IMT-2000 (CDMA 2000 1x EV-DO) for the first time in the world. Taking the recent initiative to spread wireless Internet service, SK telecom has grown into a leader of Korean IT industry. Now SK telecom is opening a new chapter based on the new growth engine of convergence service and overseas projects. SK telecom has been upgrading its business based on wireless Internet business, including Melon, GXG, Mobile Cyworld and 1mm. At the same time, it has been taking the lead in convergence services, such as satellite DMB, Telematics, Digital Home and M-Finance in order to prepare the convergence of telecommunication, broadcasting, financial and entertainment industries. In addition, as part of efforts to enhance its wireless Internet business, we are sharpening our competitive edge in contents business without stopping.

SK telecom was not satisfied with taking the lead in the domestic market and has successfully penetrated overseas markets, such as Vietnam and China. From the 2nd half of 2005, it is planning to show more advanced technology through MVNO projects in the United States. In the years to come, SK telecom will exercise the outstanding capabilities of the Korean IT industry in the global village, by actively launching into new overseas markets.

SK telecom is actively implementing transparent and ethical management, as well as seeking SKMS, SUPEX and new value management in a drive to earn customer trust and sustainable growth. Diverse convergence services of SK telecom will bring a more prosperous and convenient future closer and change customers into the main players of the ubiquitous era.

Customers are always at the very center of SK telecom. SK telecom will stand in the forefront of opening a new future to pursue the true happiness of our customers and society. Thank you.