SK to help build $1 bil Beijing digipark

May 27, 2008 SK Telecom said Tuesday that it will help the Chinese government build a $1 billion digital content and industrial design complex in Beijing by 2013, a move that could help South Korean companies establish new markets in China. SK, South Korea's largest mobile telephone service provider, signed a memorandum of understanding in the Chinese capital to create a 200,000-square-meter complex linked to the local government's plans for a high-tech industrial park in the southeast to be called Beijing Culture City. The long-awaited arrival of 3G communication services in China is expected to boost demand for digital content, said SK Telecom which, like other South Korean telecoms, is looking to expand beyond its saturated home market.

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