SK Telecom's shareholders approved the spin-off of part of the business into a new company, SK Square, which will invest in the semiconductor and information and communications technology sectors. At the same time, SK Telecom will conduct a 5-to-1 stock split, distributing its shares and those of the new company to shareholders at a ratio of 6-to-4. The separation will take place on November 1, and trading of the company's securities, taking into account the separation and split, will begin on November 29.