| Ticker: SKM | 267, 5-ka, Namdaemun-ro, Jung-ku | |
| Exchange: New York Stock Exchange | Seoul, Foreign | |
| Industry: Service | 2237090681 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 6/3/96 | |
| U.S. Shares: | 12,573,090 | Offer Date: | 6/27/96 | |
| Non-U.S. Shares: | 8,382,060 | Filing Price: | - | |
| Primary Shares: | 9,302,310 | Offer Price: | $16.13 | |
| Secondary Shares: | 11,652,840 | Gross Spread: | $0.48 | |
| Offering Amount: | $368,000,000 | Selling: | $0.29 | |
| Expenses: | $1,340,000 | Reallowance: | $0.10 | |
| Shares Out After: | 129,865,069 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Sunkyong Securities Ltd. | Co-manager |
| Auditor: Anjin Accounting Corporation | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $1,704.70 | Assets: | $3,596.20 | ||
| Net Income: | $232.40 | Liabilities: | $2,666.30 | ||
| EPS: | $776.72 | Equity: | $929.90 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company is Korea's leading wireless telecommunications service provider, serving over seven million subscribers throughout the country. The Company is the leading providing of cellular telecommunications services in Korea, serving over two million subscribers, and is also Korea's leading provider of paging services, with over five million paging subscribers. The Company has grown rapidly in the last several years, with sales and net income increasing at compound annual rates of 73.1% and 43.7%, respectively, during the five years ended December 31,1995. In 1995, the Company had consolidated sales of Won 1,322.5 billion and consolidated net income of Won 181.9 billion. In 1995, cellular service generated 64.1% of the Company's consolidated sales. The Company's integrated national analog cellular network provides service to an area covering approximately 93% of the Korean population. |
| Use of Proceeds |
| The proceeds from the offering will be used to purchase analog cellular equipment purchased outside Korea, while the balance will be placed in interest bearing bank deposit accounts. |
©1996 IPO Data Systems, Inc. - All rights reserved.