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To: brian h who wrote (7120)	1/15/1998 6:17:00 AM
From: SKIP PAUL	Read Replies (1) \| Respond to of 152472

SK Telecom Recorded a 50% Increase in its CDMA Customer Base in the Last Four Months of 1997 SEOUL, South Korea, Jan. 14 /PRNewswire/ -- SK Telecom (NYSE: SKM) announced today that it reached the three million mark in its CDMA (code division multiple access) subscriber base at the end of December, 1997. After only four months from its two million subscriber base recorded in August 1997, SK Telecom quickly added another one million subscribers. From the time the company introduced its commercial CDMA cellular service in January 1996, SK Telecom gained one million subscribers by March 1997 and reached two million subscribers in August 1997. As of December 31, 1997, the company recorded 4.57 million subscribers on its digital and analogue cellular networks and more than 7.5 million customers on its paging network. "As a pioneer of CDMA technology commercialization, we are proud to have shown the world that CDMA is the technology of choice," stated Dr. Jung Uck Seo, president of SK Telecom. "Furthermore, we will devote ourselves even more to bring the technology of the next generation, IMT 2000, to the market early in the new millennium." SK Telecom was the first company in the world to offer commercial CDMA cellular service and is the third largest paging service provider in the world. SK Telecom was the first Korean company to be listed on the London Stock Exchange (LSE: SKMD). SK Telecom also trades on the New York Stock Exchange (NYSE: SKM) and the Korea Stock Exchange (KSE: SKT).