(10) Spin-off and merger of SK Planets
location-based services business and mobile phone verification services business
Through the merger of SK Planets location-based services business
and mobile phone verification services business into SK Telecom, the Company seeks to provide a solid base for continued growth, especially in the next generation platform business, and SK Planet plans to further concentrate its resources on its
commerce business. The spin-off and merger was effective as of April 5, 2016 and was registered as of April 7, 2016. SK Planet is a wholly-owned subsidiary of the Company, and as the Company did not
issue any new shares in connection with the merger, there was no change in the share ownership of the Company.
(11) Establishment of Hana-SK Fintech Corporation
In order to provide an everyday finance platform, the Company entered into a joint venture
agreement with Hana Financial Group, in accordance with the resolution of the Board of Directors on July 28, 2016. Combining the Companys leading mobile technology and big data analysis capabilities with Hana Financial Groups
financial service, Hana-SK Fintech Corporation plans to provide innovative mobile financial services such as mobile asset management, easy payment and overseas wire transfer services. SK Telecom holds a 49%
equity stake in the joint venture, and Hana Financial Group holds the remaining 51%. Service of the everyday finance platform Finnq officially launched in the third quarter of 2017.
(12) Capital contribution of shares of NSOK Co., Ltd. (NSOK) for new shares of SK Telink
On October 25, 2016, the Company made a capital contribution of all shares of NSOK owned by the Company to SK Telink in exchange for 219,967 newly issued
shares of SK Telink, which resulted in an increase of the Companys equity interest in SK Telink to 85.86%.
(13) Acquisition of
shares of SM Mobile Communications
In October 2016, the Company transferred the media platform businesses Hotzil and 5Ducks to SM Mobile Communications in
exchange for 1,200,000 shares of SM Mobile Communications. As a result, the Company owned a 46.2% equity interest in SM Mobile Communications as of March 31, 2020.
(14) Exchange of shares of SK Communications
On
November 24, 2016, the Board of Directors resolved to approve the payment of cash consideration in lieu of the issuance of shares of the Company in a comprehensive exchange of shares of SK Communications. The amount of cash consideration was
based on a share exchange ratio of one common share of the Company to 0.0125970 common share of SK Communications. In February 2017, SK Communications became a wholly-owned subsidiary of the Company.
(15) Acquisition of shares of Iriver
The
Company acquired 4,699,248 shares of Iriver at a purchase price of Won 5,320 in connection with a capital contribution. The Companys equity interest in Iriver following the acquisition is 45.9%. See Report on Important Business Matters
(Decision on Capital Increase) filed on July 17, 2017 by Iriver for more information.
(16) Acquisition of newly issued shares
of SK China Company Limited (SK China)
On July 28, 2017, the Company acquired newly issued shares of SK China to find investment
opportunities in ICT and other promising areas of growth in China. In exchange for newly issued shares of SK China, the Company contributed its full equity interest in each of SKY Property Management Limited (SKY) and SK Industrial
Development China Co., Ltd. (SK IDC) as well as cash, equal to the following amounts: 1) SKY stock: USD 276,443,440.64, 2) SK IDC stock: USD 108,072,007.67 and 3) Cash: USD 100,000,000.00. As a result of the acquisition, the Company
holds 10,928,921 shares and a 27.27% of equity interest in SK China. See Report on Decision on Acquisition of SK China Shares filed by the Company on July 28, 2017 for more information about this transaction.
(17) Exchange of shares of SK Telink
On
September 28, 2017, the Company disclosed a resolution approving the payment of cash consideration in lieu of the issuance of shares of SK Telecom in an exchange of shares of SK Telink. The amount of cash consideration was based on a share
exchange ratio of 1:1.0687714. The exchange was completed on December 14, 2017, upon which exchange SK Telink became a wholly-owned subsidiary of the Company.
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