SK Telecom and Deutsche Telekom agreed Tuesday to establish a joint company to establish a 5G technology firm this year.

The joint venture will devote itself to developing technologies on the blockchain, mobile edge computing and application market

The company would join hands to play a leading role in the global 5G market.

SK Telecom and Deutsche Telekom would invest $30 million in the $350 million fund of Deutsche Telekom Capital Partners. This fund management company is under the control of Deutsche Telekom.

The fund management firm will open an Asian office in Seoul and invest in 5G companies.



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