The Ministry of Science and ICT is seeking public comments for its review of SK Broadband's spin-off application. The ministry said it would accept comments from all sectors of society until November 30 concerning the application SK Broadband submitted in September. SK Broadband previously announced that it would spin off its data center and submarine cable businesses to establish SK Horizon, with shares in the new company distributed to existing shareholders. The surviving company, SK Broadband, will handle fixed-line, media and enterprise businesses, while SK Horizon will be responsible for existing data center operations and the expansion of AI data center infrastructure. The ministry is accepting comments by post, fax and email on matters including operational capabilities, financial and technical capabilities, effects on competition in the facilities-based telecommunications business, and effects on user protection and the public interest. It plans to incorporate the comments into its review of the spin-off application. The ministry said, “We plan to review and incorporate the comments received through this consultation to ensure the spin-off review proceeds without disruption.”
Original Korean article: ETNews
English brief by Korea Wind Intelligence, koreawindintel.com
