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SK Telecom to spend 1.2 tln won on ICT conversion, start-ups
SEOUL, May 8 (Yonhap) -- SK Telecom Co., South Korea's leading mobile carrier, said Wednesday that it plans to spend a total of 1.2 trillion won (US$1.1 billion) over the next three years to help baby boomers start ICT-based businesses, and create synergy between the healthcare and information technology sectors.

   Under its plans, SK Telecom will invest 750 billion won in developing software solutions, 300 billion won in research and development, and the remaining amount in boosting synergy between information telecommunications and technology (ICT) with other businesses.

   Also, the company vows to create more jobs by capitalizing on its world's best mobile network.

   SK Telecom's move is in line with the government's push to seek more creative ways to create jobs and move its economy forward through technological and industrial convergence based on the country's edge in information and communications technology.

   President Park Geun-hye, sworn in on Feb. 25, has been stressing that ICT should be applied to all industries, which also can create new types of jobs through the convergence of industries amid the economic slowdown.

   sam@yna.co.kr
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