SK Networks Announces 2022 Executive Appointments... Establishes New Blockchain Division

[Asia Economy Reporter Ki-min Lee] SK Networks announced on the 2nd that it has selected blockchain as a new business and established a blockchain division.

On the same day, SK Networks announced the 2022 regular executive personnel appointments and business restructuring. It explained that the regular organizational restructuring was carried out to discover promising business areas and strengthen investments amid the overall trend of stabilizing the business structure.

Additionally, through this executive appointment, SK Networks plans to select leaders with execution capability and expertise, and increase synergy through personnel exchanges between SK Networks and its investee companies.

Through the newly established blockchain division, SK Networks plans to explore ways to integrate existing businesses with blockchain and promote value enhancement provided to customers, while strengthening blockchain-related investments and business expansion.

To discover new growth engines and drive change, the existing Investment Management Center will be reorganized into a Global Investment Center to focus on global seeding investments.

Furthermore, to discover new ICT-related businesses, an ICT Business Development Office will be established, and the parts business, which was previously a team within the Speedmate Division, will be reorganized into a division for fostering.

Regarding executive appointments, two people were newly appointed, two moved to subsidiaries, and one transferred from a subsidiary.

An SK Networks official stated, "We will strive to build a business portfolio that leads future growth and establish a financial story, while enhancing execution capability for continuous business model innovation."

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