The entry into Japan will be the beginning of its global business development according to the company. The MOU was signed to identify opportunities of mutual cooperation centred around both firms’ ICT businesses.
T-GAOA is a subsidiary of Sumitomo Corporation, one of the top five general trading companies in Japan and the largest mobile phone retailer in the country.
SK networks CEO Sang Kyu Park expressed his expectation saying, "This is a collaboration between the two companies that each represent their own country who pursue ESG management by taking advantage of their long-accumulated experience and knowledge in the ICT distribution business sector.
“Through this, new business development will be achieved to raise customer and social values while at the same time the industry's future orientation will be established."
The two companies first agreed to collaborate for enhanced ESG performance in the mobile phone distribution area through SK’s subsidiary MINTIT.
MINTIT has established a stable, convenient ICT recycle platform with its AI-based ATM for purchasing used phones that was the first of its kind in Korea.
The companies aim to reinforce their mutual assistnce system that will lead to a partnership at a corporate group level with efforts to expand the global business beyond Asia.
