SK Telecom Opens Export Path to 51 Trillion Won Asian Security Market... Transfers Technology to Myanmar

Sangsoo Sim, Head of Infrastructure Business at SK Telecom (front of the meeting table), is discussing the integrated security control system construction project through a video conference with Director Naying Mo of the Myanmar National Cybersecurity Center at T Tower in Euljiro, Seoul, on the 1st.

[Asia Economy Reporter Joselgina]SK Telecom has opened a wide export path by transferring next-generation security technologies to Myanmar, an emerging market in Southeast Asia.

On the 2nd, SK Telecom announced that it exported integrated security consulting and solutions to the National Cyber Security Center (NCSC), an agency under Myanmar's Ministry of Transport and Communications. This is the first time SK Telecom has transferred its security operation capabilities, including consulting, construction, and management, to an overseas government agency. The National Cyber Security Center plays a role in preventing the leakage of national secrets and protecting the national information and communication network from various cyber threats such as hacking and DDoS attacks.

Accordingly, SK Telecom will supply the 'SIEM' security solution from domestic security leader Igloo Security to Myanmar's National Cyber Security Center and will be responsible for consulting across all stages, from designing to building and managing the integrated security control system. By the end of July, network security experts will be dispatched to Myanmar to establish step-by-step response scenarios and transfer operational know-how, including diagnosing security vulnerabilities using SK Telecom's security solution 'Smart Guard.'

Additionally, since 2021, SK Telecom has participated in the government integrated security operation center (SOC) construction project connecting Myanmar's Ministry of Transport and Communications, Ministry of Foreign Affairs, and Ministry of Education. This project is a turnkey project that unifies the security control systems previously operated separately by each Myanmar government agency and performs integrated analysis of logs generated from extensive heterogeneous systems to predict cyberattacks by designing, building, and maintaining the infrastructure.

SK Telecom expects to expand its security business to Southeast Asia, including Vietnam and Thailand, starting with exports to Myanmar, a strategic hub connecting the ASEAN emerging economic zone. In Southeast Asian countries experiencing rapid economic growth, awareness of investment in information security is also increasing recently. According to the Korea Internet & Security Agency (KISA), the Asian information security market was valued at $21.18 billion (approximately 26 trillion KRW) in 2018 and is expected to reach $42.35 billion (approximately 51 trillion KRW) by 2023.

Shim Sang-soo, head of SK Telecom's Infrastructure Business Division, said, “It is significant that we have laid the foundation for entering the Asian market through joint advancement with promising domestic security companies,” and added, “Based on SK Telecom's world-class security network operation know-how, we will pioneer new paths in the Asian security market.”

Naing Moe, director of Myanmar's National Cyber Security Center, said, “We are now able to utilize SK Telecom's accumulated security technology and know-how, which achieved the world's first commercial 5G launch, to protect national information,” and added, “We plan to continue close cooperation with SK Telecom in the future.”

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