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SK Networks Holds 72nd General Shareholders' Meeting

  • 2025-03-26

- Resolution regarding the approval of the financial statements, changes to the board composition, and other agenda items was accepted as proposed.

- Reliable performance was noted due to last year's enhancement in the overall profitability of businesses. Increased financial stability was also achieved through business portfolio adjustments and an AI-centered holding company framework was formed.

- “Enhance core competitiveness in business and attain AI-integrated innovations for continuous growth.”


SK Networks conducted its 72nd general shareholders' meeting on Wednesday at Samil Building in Jongno-gu, Seoul, where it approved agenda items including the approval of financial statements and board member appointments as proposed. The company also detailed its approach for the year to boost the fundamental competitiveness of its holdings to strengthen profitability while defining future growth engines focused on AI.  


In terms of its performance in 2024, SK Networks announced consolidated sales of KRW 7.6573 trillion and an operating profit of KRW 113.9 billion, attributed to an overall enhancement in profitability across its subsidiaries. Sales rose by 2.7%, and operating profit climbed by 41.4% in comparison to the previous year. 


SK Magic consistently introduced new products aligned with customer needs and effectively handled contract renewals with current clients, obtaining notable results. Walkerhill contributed to improved performance due to strong hotel room and food and beverage operations, along with external business activities. In the telecommunications industry, operational profit rose due to improved cost efficiencies in logistics and several other areas. Moreover, PhnyX Lab, an AI firm based in Silicon Valley, developed and showcased a generative AI product for pharmaceuticals using modular RAG technology, affirming its potential to excel as a market leader in RAG products in the future. 


Additionally, SK Networks made changes to its business portfolio for future expansion by divesting SK Rent-a-Car and separating SK Speedmate and Glowide last year. This strengthened stability in financial frameworks and established a structure for a holding company focused on AI. 


In the meeting, SK Networks reaffirmed President Sunghwan Choi as Inside Director and appointed Ki-dong Kim, Chief Financial Officer at SK Inc., as a new non-executive director. Furthermore, it preserved its board structure with seven members, designating Professor Geun-bae Jang from Handong Global University, a former CFO of Doosan Bobcat, as an external director who will serve as a member of the audit committee. 


This year, SK Networks aims to transform into an AI-centered holding company with robust foundational capabilities, concentrating on three primary initiatives: ensuring profitability by enhancing the core competitiveness of its current businesses, materializing future growth engines based on AI while defining the direction and vision for AI expansion, and fostering capabilities and an organizational culture that resonate with its AI company vision.  


  CEO Hojeong Lee remarked, “In a highly unpredictable management landscape, we will strive to enhance the profits of our current businesses while upholding a stable and solid financial framework that enables us to react promptly when new opportunities present themselves. In addition to this, we will consistently work to create a foundation for future growth centered on AI, thus paving the way for a future that fulfills the expectations of our stakeholders.”


[Image 1-1, 1-2] CEO Hojeong Lee is delivering a business report to shareholders during the 72nd general shareholders’ meeting of SK Networks, which took place on the 26th at Samil Building.


[Image 2] A moment captured during the 72nd general shareholders’ meeting of SK Networks