South Korean operator SK Telecom has appointed Ryu Young-sang as its CEO. Ryu Young-sang joined SK Telecom in 2000, and from 2019, he has served as president of SK Telecom’s mobile network operator business.
The new CEO held a meeting to introduce the company’s new vision to become an 'AI & Digital Infrastructure Service Company', following the spin-off of its semiconductor and ICT business as SK Square. The group will focus on services based on its fixed and wireless telecommunication infrastructure, coupled with new growth drivers such as AI.
SK Telecom aims to achieve annual revenue of KRW 22 trillion in 2025 by focusing on three key business areas, namely Fixed & Wireless Telecommunications, AI Service, and Digital Infrastructure Service.
AI & Digital Infra Service Company strategy
In Fixed & Wireless Telecommunications, the company plans to keep expanding its 5G network coverage to enable customers to access stable 5G service anywhere, anytime.
The operator will also expand its IPTV business by creating synergies with SK Broadband and converging the OTT and home media services. It will also increase its investment in original content, while expanding its partnerships with various global players.
SK Telecom also plans to accelerate its growth through AI Services. It plans to introduce the ‘AI Agent’, an AI-based service that integrates all products and services of SK Telecom and its ICT affiliates.
The operator also plans to focus on the subscription-based services market by expanding its ‘T Universe’ product line. It also plans to transform its metaverse service ‘Ifland’ into an open platform and provide enhanced user experience through partnerships with companies of diverse industries including game and entertainment.
In the area of Digital Infrastructure Service, SK Telecom plans to 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 develop 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.
SK Telecom also plans to continue to promote its ICT-based ESG management to resolve difficult social problems through ICT services such as ‘ESG subscription’ and ‘T Deal for Small Business’.
