{"id":86263,"date":"2025-02-13T19:06:10","date_gmt":"2025-02-13T19:06:10","guid":{"rendered":"https:\/\/peraltafinancing.com\/5g-technology\/ai-driven-expansion-fuels-sk-telecoms-growth-in-2024\/"},"modified":"2025-02-13T19:06:10","modified_gmt":"2025-02-13T19:06:10","slug":"ai-driven-expansion-fuels-sk-telecoms-growth-in-2024","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=86263","title":{"rendered":"AI-driven expansion fuels SK Telecom\u2019s growth in 2024"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<h2 class=\"wp-block-heading\">SK Telecom had reorganized its operations into seven key divisions, with a strong focus on AI<\/h2>\n<p>Korean telco SK Telecom has reported its financial results for the fiscal year 2024, highlighting significant advancements in artificial intelligence (AI) alongside steady revenue growth in its telecommunications and broadband segments.<\/p>\n<p>The company recorded consolidated revenue of KRW 17.94 trillion ($12.34 billion) and an operating income of KRW 1.82 trillion last year, driven by a 4.0% year-over-year increase in its AI business and a 1.9% rise in fixed and mobile communications. Net income stood at KRW 1.44 trillion.<\/p>\n<p>SK Telecom ended last year with a total of 31.8 million mobile customers, of which 16.9 million are 5G customers. The telco\u2019s full year capital expenditure stood at KRW 2.39 trillion, down by 12.7% compared with 2023.<\/p>\n<p>As part of its long-term vision, SK Telecom said it is fast-tracking the development of its AI Infrastructure Superhighway, which consists of three core pillars: AI data centers (AIDC), GPU-as-a-Service (GPUaaS) and Edge AI.<\/p>\n<p>To reinforce its AI data center business, the Korean telco has made strategic investments in Lambda, a global GPU cloud provider and signed an investment agreement with Penguin Solutions, a specialist in AI-driven data center solutions. In December 2024, SK Telecom launched the Gasan AI data center in partnership with Lambda and introduced \u2018SKT GPUaaS\u2019 to accelerate AI infrastructure expansion.<\/p>\n<p>Additionally, the Korean carrier is continuing its collaboration with Penguin Solutions to drive global AIDC expansion, develop next-generation memory appliances and advance joint research and commercialization efforts.<\/p>\n<p>Kim Yang-seob, CFO of SK Telecom, said: \u201cLast year, we strengthened our competitiveness in the telecommunications sector and laid the foundation for our transformation into an AI company. In 2025, we will continue to pioneer the AI era through determination and innovation, further solidifying our corporate value.\u201d<\/p>\n<p>SK Telecom had reorganized its operations into seven key divisions, with a strong focus on AI. This includes specialized units such as AI Transformation (AIX), AIDC, A. (A-Dot) and Global Personal AI Agent (GPAA).<\/p>\n<p>As a result of this restructuring process, the company\u2019s AI-related revenue surged 19% year-on-year. The AIX unit experienced a 32% year-on-year increase, chiefly boosted by the expansion of AI cloud services and strong demand for AI B2B solutions such as AI Contact Center (AICC) and Vision AI.<\/p>\n<p>The AIDC business saw revenue climb 13.1% year-on-year to KRW 397.4 billion, driven by higher utilization rates at newly operational data centers, including the Gasan facility in Seoul.<\/p>\n<p>In the Personal AI Agent (PAA) sector, SK Telecom is executing a dual-market strategy, offering \u2018A.\u2019 for domestic users and \u2018Aster\u2019 for global markets. Last year, the company introduced an upgraded version of A., featuring multi-large language model (LLM) capabilities and a dedicated PC version.<\/p>\n<p>In January, <a href=\"https:\/\/www.rcrwireless.com\/20250109\/featured\/sk-telecom-beta-ai-agent\" target=\"_blank\" rel=\"noreferrer noopener\">SK Telecom announced plans to release a beta version of \u201cAster,\u201d targeting North American users in March 2025<\/a>.<\/p>\n<p>The Asian telecom provider initially introduced the AI agent at the SK AI Summit in Seoul last November, but it officially began recruiting beta testers at CES, with a broader U.S. launch set for later in the year.<\/p>\n<p>Aster is designed as an \u2018agentic AI,\u2019 which goes beyond simple Q&amp;A or search functions by understanding users\u2019 intentions to set goals, make plans and complete tasks on their behalf, the telco said.<\/p>\n<p>The AI agent, built on generative AI technology, integrates conversational search through a collaboration with Perplexity, a next-generation AI search platform. Aster focuses on life management, offering users personalized planning, execution, reminders, and advice, according to the telco.<\/p>\n<p>In 2023, <a href=\"https:\/\/www.rcrwireless.com\/20230927\/ai-ml\/sk-telecom-unveils-new-ai-strategy\" target=\"_blank\" rel=\"noreferrer noopener\">SK Telecom had announced its ambition to become a global artificial intelligence company<\/a> by strengthening its own AI competitiveness and cooperating with partners globally.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>SK Telecom had reorganized its operations into seven key divisions, with a strong focus on AI Korean telco SK Telecom has reported its financial results for the fiscal year 2024, highlighting significant advancements in artificial intelligence (AI) alongside steady revenue growth in its telecommunications and broadband segments. The company recorded consolidated revenue of KRW 17.94 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":86264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12020],"tags":[11070,2165,15700,3426,13052],"dealstore":[],"offerexpiration":[],"class_list":["post-86263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5g-technology","tag-aidriven","tag-expansion","tag-fuels","tag-growth","tag-telecoms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI-driven expansion fuels SK Telecom\u2019s growth in 2024 - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=86263\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI-driven expansion fuels SK Telecom\u2019s growth in 2024 - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"SK Telecom had reorganized its operations into seven key divisions, with a strong focus on AI Korean telco SK Telecom has reported its financial results for the fiscal year 2024, highlighting significant advancements in artificial intelligence (AI) alongside steady revenue growth in its telecommunications and broadband segments. 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