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Press Release
The largest cash dividend(1,800 Korean won per share (Dividend rate: 360%)) in the company’s history was approved for payment to shareholders. The total amount of this cash dividend was 151.7 billion won.
Kil Seung Son and Moon Soo Pyo were reappointed as in-house directors, and Yong Un Kim was newly appointed as a outside director for a new term.
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SK Telecom vice-chairman Jung Nam Cho is shown delivering his address to the shareholders in the 19th Annual Shareholders` Meeting.
SK Telecom held its 19th annual shareholders’ meeting in the Convention Hall on the 4th floor of the Boramae SK Telecom Office Building at 9 a.m. on March 14th. At the shareholder’s meeting, Kil Seung Son, chairman of SK Telecom and Moon Soo Pyo, president of SK Telecom, were reappointed as in-house directors, and Yong Un Kim, vice-president of POSCO, was appointed as a non-standing director for a new term. As a result, the total of 12 members of Board of Directors was finalized.
In addition, with the aim of enhancing shareholders’ value-oriented management, a profit-sharing dividend rate was set at 10.04%, a two-fold increase from the 5% dividend rate for last year. The largest cash dividend (1,800 Korean won per share (Dividend rate: 360%) in the company’s history was approved for payment to shareholders. The total amount of this cash dividend was 151.7 billion won.
SK Telecom vice-chairman Jung Nam Cho said in his address to the shareholders "Last year, SK Telecom achieved steady growth due to the development of value-added services and varied marketing activities. In particular, the company ensured the future of the revenue base through the launch of the multimedia services ’June’ and ’Mobile Payment service". He also revealed "This year, we will actively and properly respond to a changing market environment in a converging industry. SK Telecom will continue to strive to maximize corporate value, as well as shareholders’ profitability, based on a shareholder-centered management approach."
SK Telecom achieved 8.63 trillion won in total sales in 2002, a 13% increase (Assuming that the company had merged with Shinsegi Telecom.) over the previous year. Net income for 2002 came to 1.51 trillion won, showing more than a 29% increase year on year.
In addition, with the aim of enhancing shareholders’ value-oriented management, a profit-sharing dividend rate was set at 10.04%, a two-fold increase from the 5% dividend rate for last year. The largest cash dividend (1,800 Korean won per share (Dividend rate: 360%) in the company’s history was approved for payment to shareholders. The total amount of this cash dividend was 151.7 billion won.
SK Telecom vice-chairman Jung Nam Cho said in his address to the shareholders "Last year, SK Telecom achieved steady growth due to the development of value-added services and varied marketing activities. In particular, the company ensured the future of the revenue base through the launch of the multimedia services ’June’ and ’Mobile Payment service". He also revealed "This year, we will actively and properly respond to a changing market environment in a converging industry. SK Telecom will continue to strive to maximize corporate value, as well as shareholders’ profitability, based on a shareholder-centered management approach."
SK Telecom achieved 8.63 trillion won in total sales in 2002, a 13% increase (Assuming that the company had merged with Shinsegi Telecom.) over the previous year. Net income for 2002 came to 1.51 trillion won, showing more than a 29% increase year on year.