-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001145549-04-000687.txt : 20040527
<SEC-HEADER>0001145549-04-000687.hdr.sgml : 20040527
<ACCEPTANCE-DATETIME>20040527065651
ACCESSION NUMBER:		0001145549-04-000687
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20040527
FILED AS OF DATE:		20040527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SK TELECOM CO LTD
		CENTRAL INDEX KEY:			0001015650
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				999999999
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-04906
		FILM NUMBER:		04833602

	BUSINESS ADDRESS:	
		STREET 1:		267 5-KA NAMDAEMUN-RO
		STREET 2:		JUNG KU
		CITY:			SEOUL KOREA
		STATE:			M5

	MAIL ADDRESS:	
		STREET 1:		1R TEAM SK BLDG
		STREET 2:		99 SEORIM DONG
		CITY:			SEOUL
		STATE:			MO
		ZIP:			9999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KOREA MOBILE TELECOMMUNICATIONS CORP
		DATE OF NAME CHANGE:	19960530
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>u99063e6vk.txt
<DESCRIPTION>SK TELECOM CO., LTD.
<TEXT>
<PAGE>
                                               1934 Act Registration No. 1-14418
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               -------------------

                                    FORM 6-K


                        REPORT OF FOREIGN PRIVATE ISSUER
                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                            FOR THE MONTH OF MAY 2004

                               -------------------

                              SK TELECOM CO., LTD.




                                 99, Seorin-dong
                                    Jongro-gu
                                  Seoul, Korea

                               -------------------


     (Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)

                         Form 20-F [x]       Form 40-F -


     (Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)

                                 Yes -       No [x]


     (If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):82-           .)

================================================================================

<PAGE>

SK Telecom is furnishing under cover of Form 6-K:

<TABLE>
<S>            <C>
Exhibit 99.1   An English summary of the filings made by SK Telecom Co., Ltd.
               with the Financial Supervisory Service of Korea on May 21, 2004

Exhibit 99.2   Press Release dated as of May 24, 2004 of SK Telecom Co., Ltd.
               regarding equity investment in Hanaro Telecom

Exhibit 99.3   Press Release dated as of May 24, 2004 of SK Telecom Co., Ltd.
               regarding disposal of 2% treasury shares through CB issuance
</TABLE>

Information contained in the exhibits attached to this report on Form 6-K
contains "forward-looking statements", as defined in Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S. Securities
Exchange Act of 1934, as amended. Such forward-looking statements may be based
on the Registrant's current expectations, assumptions, estimates and projections
about the company and its industry. Forward-looking statements are not
historical facts and include among other items: the timing of SK Telecom's plan
to acquire common stock of Hanaro Telecom; management's expectation that such
acquisition will produce synergies and increase convergence between wireless and
fixed-line services; management's expectations with respect to SK China Co.,
Ltd.'s acquisition of Shanghai Viatech Networks Consulting Co. Ltd.; the
anticipated use of proceeds from SK Telecom's offering of zero coupon
convertible notes and management's expectation with respect to the share buyback
and cancellation program or cash dividend payment. Forward-looking statements
are subject to various risks and uncertainties, including, among other things,
risks associated with changes in market conditions, regulatory requirements or
other factors. We caution you that reliance on any forward-looking statement
involves risks and uncertainties, and that although we believe that the
assumptions on which our forward-looking statements are based are reasonable,
any of those assumptions could prove to be inaccurate, and, as a result, the
forward-looking statements based on those assumptions could be incorrect. In
light of these and other uncertainties, you should not conclude that we will
necessarily achieve any plans and objectives or projected results referred to in
any of the forward-looking statements. We do not undertake to release the
results of any revisions of these forward-looking statements to reflect future
events or circumstances.

The information contained in this current report on Form 6-K and the exhibit
attached hereto relating to the convertible notes of the Registrant do not
constitute an offer for sale of the Securities of SK Telecom in the United
States. The convertible notes may not be sold in the United States absent
registration or an exemption from registration under the United States
Securities Act of 1933, as amended. SK Telecom does not intend to register any
portion of such offering in the United States or to conduct a public offering of
the convertible notes in the United States.

<PAGE>

                                   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.


                                                     By: /s/ Sung Hae Cho
                                                     ---------------------------
                                                     Name: Sung Hae Cho
                                                     Title: Vice President


Date: May 27, 2004


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>u99063exv99w1.txt
<DESCRIPTION>EX-99.1 REPORT DATED MAY 21, 2004
<TEXT>
<PAGE>
                                                                    Exhibit 99.1



                                     SUMMARY

     On May 21, 2004, SK Telecom Co., Ltd. ("SK Telecom") filed with the
Financial Supervisory Service of Korea. The following is a summary of the
information contained in the report:


PURCHASE OF COMMON STOCK OF HANARO TELECOM

On May 21, 2004, SK Telecom purchased 13,870,000 shares of Hanaro Telecom,
representing 3.0% of the outstanding shares of Hanaro for Won 39,252,100,000
(Won 2,830 per share) as part of our strategic efforts in consideration of
increasing convergence between wireless and fixed-line services. As a result of
the acquisition, SK Telecom's equity interest in Hanaro increased to 4.78%
(total 22,090,000 shares) from 1.8% as of December 31, 2003.


CONVERTIBLE NOTE OFFERING

On May 21, 2004, SK Telecom's Board of Directors approved the issuance of zero
coupon convertible notes with a maturity of five years in the principal amount
of US$329,450,000, with an initial conversion price of Won 235,625 per share of
SK Telecom's common stock, subject to certain redemption rights. SK Telecom
intends to use the proceeds of the zero coupon convertible notes for general
corporate purposes, including for measures to improve shareholders' return in
their investment in SK Telecom's common stock through payment of dividends or
share repurchase programs.

On May 21, 2004, the Board approved the deposit of shares of SK Telecom's common
stock with Korea Securities Depository to reserve 1,645,000 shares which will be
used to satisfy the note holders' conversion rights. This will be deemed as the
repurchase of treasury stock and cancellation thereof for the purposes of Korean
law.

Under the proposed terms of this offering, if (1) the exercise by the holder of
the conversion right would be prohibited by Korean law or we reasonably conclude
that the delivery of common stock upon conversion of these notes would result in
a violation of applicable Korean law or (2) SK Telecom does not have a
sufficient number of shares of our common stock to ratify the conversion right,
then SK Telecom will pay a converting holder a cash settlement payment. In such
situations, SK Telecom intends to

<PAGE>

sell such number of treasury shares held in trust for SK Telecom that
corresponds to the number of shares of common stock that would have been
deliverable in the absence of the 49% foreign shareholding restrictions imposed
by the Telecommunications Law or other legal restrictions. SK Telecom plans to
enter into a swap agreement with Credit Suisse First Boston International to
reduce its exposure with respect to cash settlement payments exceeding the
proceeds from sales of treasury shares held in trust. The swap agreement is
subject to approval from the Bank of Korea.


PURCHASE OF THE SHARES OF SHANGHAI VIATECH NETWORKS CONSULTING CO. LTD. BY SK
CHINA CO. LTD.

On May 21, 2004, the Company decided to purchase all of the outstanding shares
of a Chinese holding company which will wholly own Shanghai Viatech Networks
Consulting Co. Ltd. From SK China Co. Ltd., a 20% subsidiary of SK Telecom. The
name of the Chinese holding company and the closing date are yet to be
determined. The purchase amount is US$6 million.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>u99063exv99w2.txt
<DESCRIPTION>EX-99.2 EQUITY INVESTMENT IN HANARO TELECOM
<TEXT>
<PAGE>

                                                                    Exhibit 99.2



[EQUITY INVESTMENT IN HANARO TELECOM]

On May 21, SK Telecom BOD has decided to purchase 3% of Hanaro Telecom shares.
The purchase is valued at approximately 39 billion won (Total number of shares
purchased: 13,870,000 / Transaction price: 2,830 won per share)


BACKGROUND BEHIND THE ACTION
Considering the evolving direction of various business models from convergence
of fixed and wireless services, it is our belief that we need to be in alliance
with any business partners including KT or Hanaro Telecom for the business item
which would meet customers' needs and produce synergy. To respond proactively to
the converging environment and to provide customers with right services in a
timely manner, we have determined that it was necessary to maintain the
relationship with Hanaro Telecom.

Under the strategy, we believe it was important to keep our Board membership in
Hanaro Telecom going forward and thus we tried to raise our equity portion in
Hanaro Telecom to around 5% level from the previous 1.78%, given that our equity
portion in Hanaro Telecom was 5.41% before the foreign capital injection to
Hanaro Telecom in November 2003

In addition, we believed that it was the right time to execute this strategy
considering the current share price of Hanaro Telecom.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>u99063exv99w3.txt
<DESCRIPTION>EX-99.3  DISPOSAL OF 2% TREASURY SHARES
<TEXT>
<PAGE>


                                                                    Exhibit 99.3



[DISPOSAL OF 2% TREASURY SHARES THROUGH CB ISSUANCE]

On May 21, SK Telecom BOD has decided to issue Convertible Bonds(CBs) using 2%
treasury shares as underlying assets.

The CBs are zero coupon bonds with 1.25% of yield to maturity and the date of
maturity is May 27, 2009. The total face value of the bonds is USD 329,450,000.
The number of common shares to be converted is 1,645,000 and the conversion
price is 235,625. The CB holders can start exercising their conversion rights
from 40 days after the issuance and no later than 10 business day before the
bond maturity date.

The CB Issuance is to keep our promise on the disposal of treasury shares based
on our shareholder return policy. Utilizing the proceeds from the CB issuance,
we will try to execute a share buyback and cancellation by the year end. In case
this plan cannot be implemented, we will return the amount to shareholders as
cash dividend.

The details on the CB are as follows:

<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
     CATEGORIES                    NOTE
================================================================================
<S>                                <C>
     FORM                          ZERO COUPON CONVERTIBLE NOTES
- --------------------------------------------------------------------------------
     TOTAL FACE VALUE              USD 329,450,000
- --------------------------------------------------------------------------------
     SUBSCRIPTION DATE             MAY 21, 2004
- --------------------------------------------------------------------------------
     MATURITY DATE                 MAY 27, 2009 (5 YEAR)
- --------------------------------------------------------------------------------
     UNDERLYING ASSET              SKT TREASURY SHARES
- --------------------------------------------------------------------------------
     CONVERSION PRICE              KRW 235,625 (25% PREMIUM)
- --------------------------------------------------------------------------------
     YIELD TO MATURITY             1.25%
- --------------------------------------------------------------------------------
     LISTING VENUE                 SINGAPORE
- --------------------------------------------------------------------------------
</TABLE>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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