Park Jung-ho, President of SK Telecom, "Korean Companies Should Engage in Ultra-Cooperation in the AI Field"

[Asia Economy Reporter Koo Chae-eun] Park Jung-ho, CEO of SK Telecom, proposed ultra-collaboration in the field of artificial intelligence (AI) to Ko Dong-jin, President of Samsung Electronics. While laying the foundation for new industries through AI sector alliances that break down boundaries between industries, he also presented a 탈 (?) telecommunications strategy to change SK Telecom's corporate name and establish its identity as an 'ICT convergence company.'

On the 8th (local time), attending CES 2020, the world's largest IT and electronics exhibition held in Las Vegas, USA, Park Jung-ho said, "It is a time when cooperation among Korean ICT companies in the AI field is urgently needed," and added, "We will make a bold proposal for AI cooperation among major domestic companies." On the same day, Park proposed ultra-collaboration in AI during a meeting with Samsung Electronics' Ko Dong-jin, who reportedly responded positively.

Park said, "We are proposing cooperation to major Korean ICT companies and plan to design and promote cooperation plans with companies going forward." In fact, since last year, SK Telecom has been concretizing business models through partnerships with global big players such as Microsoft, Amazon, Deutsche Telekom, and Sinclair. At this year's CES, Park met with the CEO of Amazon Web Services (AWS) to discuss cloud business based on 5G MEC (Mobile Edge Computing). SK Telecom also plans to strengthen cooperation with global electric vehicle company Byton.

Park Jung-ho emphasized that this year, SK Telecom will increase its corporate value by introducing a ‘Dual OS’ management system that makes the wireless business (MNO) and ICT industries such as media, security, and commerce the two main growth engines. His ICT business vision includes ▲a comprehensive media company with 10 million paid subscribers ▲an ICT convergence security company surpassing the 1 trillion won annual sales club ▲a game changer in the commerce industry through domestic and international cooperation. Park Jung-ho stated, "From now on, SK Telecom will be re-evaluated in the market not as a telecommunications company but as an ‘ICT convergence company,’" and added, "Already, 40% of SKT’s revenue comes from New ICT businesses. It is time to start considering changing SKT’s corporate name to match the identity of the SK Group."

This content was produced with the assistance of AI translation services.