[Concall] SKT, "Amazon Collaboration, Synergy Expected in Various ICT Areas Beyond 11st"

[Asia Economy Reporter Eunmo Koo] Ha Hyung-il, Head of SK Telecom Corporate 2 Center, said during the 2020 Q4 earnings conference call held on the afternoon of the 3rd, regarding the cooperation between Amazon and 11st, “We expect to provide a unique purchasing experience to domestic customers together with Amazon,” and added, “Through smooth cooperation, we will be able to offer differentiated benefits to customers as soon as possible.”

He continued, “When customers purchase Amazon products on 11st, the resulting increase in direct purchases will lead to increased traffic, which is expected to also contribute to growth in the domestic sector,” and predicted, “The cooperation between 11st and Amazon will lead to the expansion of the domestic direct purchase market, currently valued at around 4 trillion won.”

Furthermore, he said, “We will strive to create a foundation for domestic sellers to expand overseas,” and added, “SK Telecom expects to generate synergy with Amazon across various ICT fields, including commerce.” Ha also mentioned, “Due to contractual terms, it is difficult to provide specific details at this time, but we will share more detailed information when it becomes available.”

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