SK signs deal for $1 bln in China

HONG KONG, May 27 - SK Telecom said on Tuesday it has agreed to join a consortium investing $1 billion in the construction of a Beijing development centre that will research and design digital content and technology.

The South Korean firm has signed an initial agreement with China's government to establish the complex in the capital city's southeast along with several other subsidiaries of the SK group, including SK Engineering & Construction.

"SK Telecom will create a ubiquitous environment with advanced IT network and facilities across the complex and provide content production studios and equipment as well as operate a one-stop service centre that will provide customer support," it said in a statement.


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