South Korea's Ministry of Science and ICT will gather opinions related to its review of SK Broadband's application for approval to split off its data centre and submarine cable businesses.
The ministry said on Nov. 9 it will accept opinions from various sectors on the spin-off approval review from Nov. 10 to Nov. 30. SK Broadband applied on Sept. 1 for approval to establish a new entity, SK Horizon, by splitting off communications services based on data centres and submarine cables.
The ministry plans to review the appropriateness of business operating capabilities, the impact on competition in the key telecommunications business, and the impact on user protection and the public interest through the opinion-gathering process.
Opinions can be submitted by mail, fax or email. Detailed submission methods and forms can be found in the notices section of the ministry's website.
The ministry plans to review the submitted opinions and reflect them in the spin-off approval review process.
Jin-ho Lee
jhlee26@d-today.co.kr