SK Telecom announced that its CEO Park Jung-ho met with Alibaba Group founder and executive chairman Jack Ma to discuss cooperation on a blueprint for the “New ICT industry”, which includes AI, 5G and next-generation media.
During the meeting at SK Telecom headquarters in Seoul, the two executives shared thoughts on the next-generation ICT sector such as AI and 5G, and agreed to seek future business opportunities in areas including the next-generation media and content.
The two companies said the partnership is expected to create new values, and that the two companies will hold a senior leadership level meeting soon.
“After hearing about the ICT blueprint we have envisioned, chairman Jack Ma gladly accepted our invitation to SK Telecom headquarters,” SK Telecom said in a statement. “President Park and chairman Ma agreed to expand the ecosystems of New ICT and 4th Industrial Revolution, and work towards building a bridge between South Korea and China to enhance two nation’s bilateral cooperation.”