SK holds Internet of Things forum

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SK holds Internet of Things forum


Lee Hyung-hee, director of SK Telecom’s CR strategy division emphasizes the need for close cooperation between global?enterprises, SMEs and start-up companies to activate Internet of Things (IoT) industry’s ecosystem and create new IoT related business opportunities at the International IoT Forum held at the T Tower, SK Telecom’s headquarters in Euljiro, central Seoul, yesterday. Provided by the company

SK Telecom, the nation’s No. 1 mobile carrier, held an International Internet of Things (IoT) Forum at its headquarters in Euljiro, central Seoul, yesterday to discuss a new growth engine for the ICT industry.

Participating in the forum were the U.K.-based IT company ARM, which collaborates with SK Telecom in researching low-power sensor network technology, Qualcomm and Cisco, as well as small and midsize enterprises, and start-ups and academics.

SK Telecom CEO Ha Sung-min emphasized the importance of the IoT as a future growth driver for the industry at the MWC 2014 in Spain last month, saying that a world in which all things are connected through information and communication technology is being born.

SK Telecom initially promoted the event as a forum for developers, which it regularly holds at the T open lab, a space designed to achieve shared growth with start-ups and SMEs. It expanded it into an international forum so that it can provide more help for SMEs and start-up companies in the domestic IoT industry.

The spokesmen for global companies such as ARM, Qualcomm and Cisco, as well as officials of the ICT Institute of Technology, shared various commercialization examples and development strategies.

They also touted the IoT industry’s growth prospects.

The Korean Electronics and Telecommunications Research Institute described the IoT’s global trends.

IoT was presented as a key growth engine in the ICT industry at the Consumer Electronics Show in Las Vegas in January and at the Mobile World Congress in Barcelona in February. At those shows, many products such as wearable devices and smart cars that applied IoT-related technologies were introduced.

SK Telecom wants to take the lead in enabling a domestic IoT ecosystem by strengthening cooperation with local SMEs and start-up companies.

“We believe that the international forum established a foothold for SMEs and start-up companies to enter the IoT industry through active cooperation with global companies,” said a spokesman for SK Telecom.

In addition, SK Telecom is holding a developer forum every month in which they share business experiences and ICT technology. Schedules of the forums can be checked at the SK Telecom incubator center website.

“In order to boost the IoT industry, not only global companies but also local SMEs and start-up companies must actively be challenged with related businesses,” said Lee Hyung-hee, a spokesman for SK Telecom.

“To this end, SK Telecom will keep providing support and engaging in cooperation to create new IoT business opportunities for SMEs and start up companies through such IoT Forums.”


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