SK Telecom Co.,Ltd (KOSE:A017670) is looking for M&A. Young Sang, Chief Executive Officer said, "I'd like to make it very clear that SK Telecom will pursue strategic M&A opportunities. And there can be 3 main directions. The first direction is to acquire technology companies for the business such as AI and Metaverse.

The second type of M&As would be acquisitions for the purpose of acquiring talent, because it is quite challenging to secure competent developers in the market. And the final direction is when we become competent in these growth business groups, so will pursue global M&As to expand into the global market. And in terms of pursuing these M&As, our intention is not to do IPO of subsidiaries after M&As, but rather combine and integrate these acquired companies into the existing businesses of SK Telecom".