{
  "id": 18053443,
  "title": "(LEAD) SKT's operating profit up over 1,000 pct, turns to black in Q3",
  "url": "https://urgent.news/2026/11/04/lead-skts-operating-profit-up-over-1-000-pct-turns-to-black-in-q3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T01:36:11.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261104003251320"
  },
  "original_language": "en",
  "account": "SK Telecom, South Korea's leading mobile service provider, reported a staggering 1,041.3 percent increase in its operating profit for the third quarter of fiscal 2022, reaching 552.3 billion won ($411.4 million) compared to just 166.7 billion won in the same period last year, marking its first profit in over a year. The company's sales also grew by 13.1 percent year-on-year, amounting to 4.49 trillion won.\n\nThe primary drivers behind this impressive turnaround were SK Telecom's robust mobile service business and the rapid expansion of its ventures in artificial intelligence (AI). The company's AI data centers experienced a 6.2 percent increase in sales compared to the previous year, while other AI-related businesses saw a remarkable 27.3 percent growth.\n\nTo capitalize on this burgeoning sector, SK Telecom officially launched two wholly-owned subsidiaries, SK Hyper and SK Horizon, in July and August respectively. These new entities are tasked with managing the company's AI data center operations, with SK Hyper currently under construction in Ulsan and Seoul, set to generate a combined capacity of 180 megawatts. The company also aims to integrate its homegrown AI foundation model into its enterprise AI services and further expand its AI service ecosystem by participating in a government-led AI service development project.",
  "summary": "SEOUL, Nov. 4 (Yonhap) -- SK Telecom Co. (SKT), South Korea's top mobile service...",
  "key_points": [
    "SK Telecom's operating profit surged 1,041.3% to 552.3 billion won in Q3 2022",
    "Sales grew 13.1% year-on-year to 4.49 trillion won",
    "SK Telecom launched AI-focused subsidiaries SK Hyper and SK Horizon"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "SKT's operating profit up over 1,000%, turns to black in Q3",
        "url": "https://urgent.news/2026/11/04/skts-operating-profit-up-over-1-000-turns-to-black-in-q3",
        "published": "2026-11-04T02:57:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}