"Solving Social Issues with 5G and AI" SK Telecom Hosts 'Happiness Insight' with Total Prize Money of 10 Million Won

[Asia Economy Reporter Seulgina Cho] SK Telecom is embarking on discovering innovative social value creation items to lead the ‘post-COVID-19’ era.

On the 15th, SK Telecom announced that it will hold the ‘2020 SKT Happiness Insight,’ which proposes solutions to social problems using the latest ICT such as 5G and artificial intelligence (AI). The theme is 'Business items contributing to achieving the UN Sustainable Development Goals based on ICT.' Starting this year, in addition to supporting the commercialization of innovative items, the participation target has been expanded from university and graduate students to the entire nation.

Applicants who wish to participate can submit their application forms and proposals through the official website (www.skthappyinsight.com) by July 13. SK Telecom plans to announce the finalists on July 23, hold the final presentation over two days on August 6-7, and conduct the final round and awards ceremony on August 25.

Due to concerns over the spread of the novel coronavirus infection (COVID-19), SK Telecom will conduct the final presentations remotely. The 20 teams advancing to the finals will present and be evaluated in real-time by interviewers and presenters exchanging opinions using SK Telecom’s self-developed group video call solution.

SK Telecom will award a total prize of 10 million KRW to the 10 teams advancing to the final round. The top three teams will also be given opportunities to participate in a startup incubation program, which includes mentoring from SK Telecom and external experts, as well as receiving know-how on business strategy and investment attraction.

Woonghwan Yoo, head of SK Telecom’s SV Innovation Center, stated, "We will make ‘Happiness Insight’ a place where everyone puts their heads together and thinks to create a better society," and added, "Going forward, SK Telecom will continue to listen to and communicate with various stakeholders and sustain the creation of social value."

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