Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) YEON SUN HAN Journalist = SK Telecom (CEO Park Chung-ho) reorganized SK Planet's subsidiary SK Telecom and attracted 500 billion won worth investment on 11th Street.

SK Telecom has decided to establish a new corporation by separating SK Planet’s 11th Street and merge with its a data-based marketing platform business structure such as OK Cashbag / Syrup into SK Telecom subsidiary, SK TechX.

The goal is to drive growth through business sector specialization.

Total investment is 500 billion won. SK Telecom plans to expand the 11th Street into 'Korean type Amazon' in the future.

In the future, 11th Avenue plans to develop a breakthrough service that combines SK Telecom's new ICT technology such as artificial intelligence (AI). It will expand the open market to fresh food, fashion, etc. and promote’11 pay’ and easy payment system.

NSP News Agency/NSP TV YEON SUN HAN Journalist, hanys4017@nspna.com
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