“Currently, Korea’s IT market is stagnant and multiple players are sharing the limited market. We, SK C&C, will restructure the ICT industry ecosystem through M&As among domestic players or international cooperation, and will lead the change in business environment.”
“If we integrate ICT convergence technologies into Korea’s advanced ICT services in other industries, we can play the role of a ‘Game Rule Changer’, changing the industries themselves in many other sectors such as smart factories, convergence security, distribution, fintech and so on.”
- Park Jung-ho, CEO of SK C&C
Park Jung-ho, CEO of SK C&C, is announcing its blueprint to grow into a top-tier global ICT company. (image: Yonhap)
SEOUL, June 30 (Korea Bizwire) – SK C&C, which will be reborn as a new entity on August 1 through a merger with another SK Group subsidiary, SK Holdings, unveiled its blueprint to grow into a top-tier global ICT company by leading the ICT convergence market.
On June 29, SK C&C introduced its strategies and growth direction as the ICT engine of SK Group, the third largest family owned conglomerate in Korea, to its partner companies. At the ceremony held at Walkerhill Hotel in Seoul, SK C&C pledged to lead the group together with SK Telecom, paving new ground in the B2B business among ICT players.
As ICT convergence technologies such as Internet of Things, Big Data and Cloud computing are opening new business opportunities, SK C&C is aiming to advance into the market for convergence security and distribution.
To this end, SK C&C will move ahead in developing a “convergence security platform” integrating information and physical security into industrial manufacturing facilities and energy management and a “convergence distribution ICT platform” maximizing the prediction of distribution amount and its delivery.
In addition, SK C&C will lead industrial innovation by integrating the finance and manufacturing sectors with ICT, and offer smart factories based on IoT and Big Data.
Meanwhile, SK Holdings and SK C&C held their respective board meetings, and approved the proposed merger between the SK subsidies. The new entity will bear the name of SK Holdings, and will be run by two co-CEOs, Cho Dae-shik of SK Holdings and Park Jung-ho, CEO of SK C&C.
By John Choi (johnchoi@koreabizwire.com)
