SK Telecom CEO Ryu Young-sang presents new business plans

SK Telecom CEO Ryu Young-sang has presented the company’s new vision to shape into an “AI & Digital Infrastructure Service Company” that creates new value through customer-oriented technologies and services.
SK Telecom 5G in Korea
Ryu has presented three business keywords: Customer, Technology and Service. The company will focus on securing the most innovative technologies and create customer-oriented services to maximize customer value and satisfaction.

SK Telecom did not reveal details on its investment plans.

SKT aims to achieve an annual revenue of KRW 22 trillion in 2025 by strengthening its competitiveness in three key business areas, namely Fixed & Wireless Telecommunications, AI Service, and Digital Infrastructure Service.

In Fixed & Wireless Telecommunications, the company will be expanding its 5G network coverage to enable customers to enjoy stable 5G service.

SKT will strengthen competitiveness in IPTV by creating synergies with SK Broadband and lead new market trends by converging the OTT and home media services. It will also increase its investment in original content, while expanding its partnerships with diverse global players.

SKT will accelerate its growth and innovations through AI Services. It plans to introduce “AI Agent,” an AI-based service that integrates all products and services of SKT and its ICT affiliates. AI Agent will offer differentiated value by offering personalized services that meet each customer’s needs and preferences.

It will make efforts to lead the subscription-based service market by offering greater customer benefits via expanded “T Universe” product line-up. It also plans to transform its metaverse service “Ifland” into an open platform and provide enhanced user experience through partnerships.

SKT will build more data centers in response to the growing demand for data centers, and develop opportunities in the global data center market.

The company will also drive growth of its cloud business by fully utilizing its 5G MEC and dedicated line infrastructure, while developing new growth engines based on data services by expanding industrial IoT business targeted at industries like manufacturing, security and finance.