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SK Telecom may team up with Amazon in video streaming
SK Telecom Co. will likely collaborate with Amazon.com Inc. in video streaming services, according to its CEO Park Jung-ho.
The South Korean wireless carrier holds a major stake in Content Wavve Corp., a local video streaming service operator established in 2019 with the country's three major broadcasters, KBS, MBC, and SBS.
Cooperation between the two companies in video streaming is widely anticipated due to SK Telecom's ties with US-based Amazon to offer its products to South Koreans through e-commerce unit 11Street Co.
The US tech giant currently operates video streaming service Amazon Prime Video.
Park noted that the cooperation would allow more Korean content to be featured in the US.
SK Telecom is pursuing collaborations with other streaming giants, such as Netflix Inc. and Apple Inc., but ruled out working with Disney+, which is set to launch in South Korea later this year.
SK Telecom is set to split into two companies, with a holding company overseeing its non-mobile subsidiaries and affiliates, in a bid to boost its tech subsidiaries.