SKT and Kakao to jointly develop artificial intelligence technology… ESG fund formation

[데일리포스트=송협 선임기자] “I hope that SK Telecom and Kakao’s core ICT assets will serve as a welcome source that can accelerate the development of our society. We will secure the world’s best AI technology and use the results to solve social challenges.” (Yoo Young-sang, CEO of SKT MNO Business)

SK Telecom and Kakao joined hands to cooperate with each other in the fields of artificial intelligence (AI), ESG, and intellectual property rights, and to share key assets such as technologies in the field with our society.

To this end, the two companies decided to jointly develop artificial intelligence technology representing Korea. Artificial intelligence development takes place in all areas such as infrastructure, data, and language models, and plans to invest and develop intensively from this year, and plans to use it for sharing and developing AI learning data in the form of text, voice, and images.

SK Telecom and Kakao have created an ESG joint fund to support ESG activities for the sustainable development of ICT innovative companies such as SMEs and startups, and the ESG joint fund is considering the direction of management through Kakao Ventures.

The two companies will support the overall management activities of ICT innovative companies based on their experience in running growth support programs. In addition, in order to strengthen the exchange of intellectual property rights between the two companies, it was decided to refrain from disputes between intellectual property rights as much as possible and establish a joint property pool in future business fields such as artificial intelligence and platform media.

The two companies have been cooperating closely through the’Synergy Council’ in which the representative executives of each company participate since the exchange of shares worth 300 billion won in 2019 and signing a strategic partnership.

This cooperation between the two companies led to the formation of the’AI R&D Council’ in December of last year by SKT, Kakao, and Samsung Electronics.

Minsu Yeo, Co-CEO of Kakao, said, “I think it is very meaningful that the two big tech companies share core assets related to AI, ESG, and intellectual property rights with each other and share with society. I will try to solve the problem.”

Meanwhile, SK Telecom has participated in the patent-sharing activities of the Korea Invention Promotion Association and Korea Institute of Industrial Technology for the past five years, opening 2597 patents, and transferring 130 patents free of charge at the request of companies.

Kakao has also supported startups and venture companies through numerous investments and acquisitions to date, and plans to open up intangible assets such as patents to grow with more companies.

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