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SK Telecom (CEO Park Jeong-ho) announced on the 16th that it will promote “e-commerce business cooperation” with Amazon, the world’s largest e-commerce company.
Through this cooperation, SK Telecom’s trade subsidiary, 11st Street, will also be able to purchase products from Amazon. 11st and Amazon plan to reveal details of the service as soon as they are ready for launch.
SK Telecom also signed a participation agreement with Amazon to innovate the business of commerce based on the growth of 11th Street. Amazon may be granted the right to acquire new shares if certain conditions are met according to the performance of its business in the Korean market, such as the 11th IPO.
SK Telecom said: “I am happy that the promotion of the initial global cooperation with Amazon has become a reality.” Revealed.
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Amazon said, “11st Street shares our ‘customer first principle’ and is a representative e-commerce company in Korea. Through this cooperation, we hope to provide a differentiated experience for purchasing Amazon products.
Next, 11st said: “We look forward to providing an unmatched shopping experience to domestic users with Amazon. We will try to deliver differentiated benefits to users as soon as possible through smooth cooperation with Amazon.” .