Edited Press Release.

SK Telecom announced that it had established a strategic partnership on the 24th with Symbol Technologies for cooperation in the areas of RFID and mobile computing.

With the partnership, the two companies plan to work together in development of technology for building of corporate mobility solutions, such as RFID and M2M solutions. As a result, SK Telecom is now able to propose or sell Symbol's diverse RFID related solutions in the domestic market, and when Symbol builds the corporate mobility solutions in Korea, which requires use of WAN such as CDMA, it will first use SK Telecom's wireless telecom network.

The two companies also plan to conduct joint marketing activities in order to actively target the corporate mobility solutions market, and have also decided to work together to enable SK Telecom's wireless solutions to advance abroad through Symbol's overseas distribution network.

Through partnership with Symbol, SK Telecom is expected to discover new business opportunities in diverse business areas, including the industrial RFID market. A synergy effect created from the integration of the two companies' technology, knowledge and business expertise will allow the consolidation of a leading position in the domestic corporate mobility solutions market.

Managing Director Lim Gyu Gwan, head of SK Telecom's Solution Business Division, remarked, "Through partnership with Symbol, the number one company in industrial RFID worldwide, the new corporate mobility solutions will allow us to accelerate targeting of the domestic and overseas markets."

Kim Gyung Suk, branch manager of Symbol Technologies Korea, remarked, "Through an alliance with SK Telecom, Korea's largest mobile telecom operator, Symbol has acquired a basis to strengthen and expand its business in Korea. We plan to work closely with SK Telecom to provide strengthened mobility services optimized for the consumer."


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