SK Telecom plans to spin off part of its business into a new company, SK Square, which will focus on investments in the semiconductor and information and communications technology sectors. At the same time, SK Telecom will carry out a 5-to-1 stock split, distributing its shares and those of the new company to shareholders at a ratio of 6 to 4. If the shareholders approve the split on October 12, it will take place on November 1, and trading will start on November 29.