On June 26, SK Telecom declined 5.63% overnight, trading at $31.66/share, with turnover of $393,400.

On the news front, the company announced on June 25 a business agreement with steel manufacturer KG Steel and automotive parts maker KONEX to deploy its proprietary AI foundation model AX K1 at their factory production lines, with field trials planned for the second half of the year. The news briefly lifted shares over 5% intraday on June 25, but gains evaporated by close as selling pressure resumed.

The stock had surged over 19% on June 2 following Anthropic's confidential IPO filing, given SK Telecom's status as an Anthropic investor. However, since June 4 the stock has been in sustained retreat, with prior gains fully retraced. An NVIDIA-SK Group multi-year AI cooperation agreement on June 8 similarly produced only a brief 5% bounce before fading. The latest AI industrial deployment deal has failed to reverse market repricing of the stock, with shares now trading below pre-rally levels.

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