Business · Companies · 16 hrs ago
South Korea Seeks Public Views on SK Broadband Split
South Korea's science ministry is reviewing SK Broadband's proposed split and will gather public views from Nov.
10 to 30.
SK Broadband applied in September to create a new company, SK Horizon, for some of its services.
The proposed new company would take on data center and submarine cable-based telecommunications services.
SK Broadband would keep its wired, media and enterprise businesses if the split is approved.
The ministry's review will consider views from different parts of society.
The public comment period is the next step in the approval process; no decision is stated.
South Korea’s Ministry of Science and ICT will gather public views on SK Broadband’s proposed corporate split from Nov. 10 to 30.
The ministry announced the consultation on Nov. 9 as part of its review of the split approval.
SK Broadband applied in September to separate its data center and submarine-cable-based communications services into a new company called SK Horizon.
The remaining SK Broadband would handle fixed-line, media and enterprise businesses.
- Who
- South Korea’s Ministry of Science and ICT and SK Broadband.
- What
- The ministry is seeking public views as it reviews SK Broadband’s proposed split approval.
- When
- The consultation is scheduled for Nov. 10 to 30. The ministry announced it on Nov. 9.
- Where
- South Korea.
- Why
- The ministry is gathering views as part of its review of the proposed corporate split.
This story does not have two clearly opposing sides.
SK Broadband applied to split off its data center and submarine-cable-based communications services into a new company called SK Horizon.
The Ministry of Science and ICT announced it would gather public views on the proposed split.
The ministry is scheduled to collect views from sectors of society.
- Consultation period
- Nov. 10–30
- Applicant
- SK Broadband
- Proposed new company
- SK Horizon
- Businesses to be separated
- Data center and submarine-cable-based communications services
- Remaining SK Broadband businesses
- Fixed-line, media and enterprise