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NEW YORK ( TheStreet) -- SK Telecom (NYSE: SKM) hit a new 52-week high Tuesday as it is currently trading at $19.29, above its previous 52-week high of $19.24 with 324,753 shares traded as of 9:48 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. SK Telecom has a market cap of $12.2 billion and is part of the technology sector and telecommunications industry. Shares are up 2.6% year to date as of the close of trading on Monday. SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. The company has a P/E ratio of 1.1, below the average telecommunications industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.1.