[Concall] SKT, "Wavve aims for 5 million subscribers and 500 billion KRW revenue by 2023"

[Asia Economy Reporter Eunmo Koo] At the 2021 Q1 earnings conference call held on the 11th, Ha Hyung-il, Head of SK Telecom Corporate 2 Center, stated, “Wave is expected to reach 5 million subscribers and 500 billion KRW in revenue by 2023 more quickly, leveraging terrestrial broadcasting content and original content as its main competitive strengths.”

Regarding the 1 trillion KRW investment plan through 2025, he said, “Investment funds will be secured through SK Telecom’s existing funds, including a 100 billion KRW paid-in capital increase, external investments, and content revenue. As for external investment attraction, following the 200 billion KRW FI investment in 2019, a second round of funding is currently planned,” adding, “We will provide more details once the plan is finalized.”

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