Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
US Back-to-School Spending Seen Falling as Families Focus on Essentials 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom 
Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears 
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher 
BHP Faces Port Hedland Strike Threat as Iron Ore Export Risks Grow 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
US Stock Futures Steady as US-Iran Tensions and Fed Inflation Concerns Weigh on Markets 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
SK is said to be considering a partnership with Lotte and compete with the leaders in the e-commerce market. It was also said that the company is mulling on approaching the shopping company as it is one of the options to survive in the competitive e-commerce market in South Korea.
SK looking to catch up with the big players
As per The Korea Times, if Shinsegae completes its acquisition of stakes in eBay Korea, the e-commerce business in the country is bound to change. Three major players will dominate the market, and these are Naver, Shinsegae, and Coupang.
The no. 1 today is Naver which enjoys 17% of the market share, while Shinsegae is in second with 15%. In third place is Coupang with 13% and SK is in fourth with just six percent market share and followed by Lotte in fifth place with five percent.
With this ranking, SK thought of joining forces with Lotte so they can merge their power and work together to rise in the rankings after competing against the top three. Moreover, through the collaboration, SK is aiming for further growth potential and challenge the leading players.
"We will open a store within 11st in collaboration with Amazon in July and we will discuss with Lotte and Homeplus various ways of possible cooperation in the second half of this year," Yoon Poong Young, SK Telecom chief finance officer, said last week. "Lotte Group and Homeplus are expected to explore the best possible ways to level up their mutual partnership."
SK Telecom signs deal with Genesys
Meanwhile, SK is not just aiming to expand its business in the e-commerce trade but is also working on other ventures, including artificial intelligence (AI) technology. In fact, it was reported to have signed a partnership with Genesys to launch AI call centers.
SK Telecom revealed earlier today that it teamed up with the American call center technology firm to develop and introduce a call center service powered by AI, according to Yonhap News Agency.
Finally, SK Telecom shared that the deal with Genesys will allow the company to integrate its technologies for cloud-based AI call center service. It is possible that the completed software will be distributed to 10,000 companies in 100 countries that Genesys is servicing.
