Agreement covers joint work between SK Telecom and China Unicom on 5G development
SK Telecom and China Unicom signed a memorandum of understanding focused on working together to develop a range of mobile and enterprise technologies.
The MoU, signed this week at a GSMA board meeting in South Africa, includes plans to develop “5G” technology; international roaming; platform and startup support for customer support services; and “lead the development of the overall ICT industry.” The signing was attended by Jang Dong-hyun, president and CEO of SK Telecom and Lu Yimin, president and vice chairman of China Unicom.
The 5G-related work is set to include sharing of information, conducting joint studies, and to promote standardization and commercialization of 5G. SK Telecom has an extensive background targeting work on 5G technology, while the Chinese government last month signed a 5G cooperation agreement with the European Union.
The roaming agreement looks to be of a more immediate nature, with the Korea Tourism Organization reporting more than 6 million Chinese visited Korea last year, while more than 4 million Koreans visited China.
SK Telecom and China Unicom also agreed to cooperate on building a startup ecosystem designed to create a “cooperative venture incubator program to jointly conduct the overall process of incubation, from search for venture items to their market introduction.”
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