Korea’s SK Group units to be connected by cloud computing by 2022

By October 21, 2019 No Comments

South Korea’s third largest conglomerate SK Group will migrate to cloud computing across the group by 2022 to save cost and stir synergy in the conglomerate with businesses ranging from chips to petrochemicals through big data sharing.

The transition will be led by its information & communication technologies (ICT) unit SK Holdings C&C, the group said Monday.

SK Group said it aims to shift nearly 80 percent of its legacy server-based applications to the cloud-based system by 2022 for nearly 100 names under the family, including mainstay SK Hynix, SK Innovation and SK Telecom.

To back its mission, SK Holdings C&C has acquired an 18.84 percent stake in Cloocus, Seoul-based cloud managed service provider and cloud partner of Microsoft Azure. It has kept up efforts to expand the multi-cloud business by linking its own cloud system Cloud Z with Amazon Web Services AWS, Microsoft Azure and Google Cloud, and now is seeking more investment opportunities in cloud service firms at home and abroad.

Multicloud, the use of multiple cloud computing and storage services in a single heterogeneous architecture, refers to the distribution of cloud assets, software and applications across several cloud-hosting environments.

Big companies these days store data through the multicloud architecture that utilizes two or more public clouds like Microsoft Azure and Google Cloud with multiple private clouds to reduce reliance on any single cloud provider and avoid the risk of data loss from hacking.

SK Group has been actively seeking business opportunities in the cloud service sector to use the portfolio management capabilities of the holding entity and its ICT technologies for future growth. For data center business, one of the business models it found, SK Holdings invested 40 billion won ($33.8 million) early this year in data center facilities in Pangyo, Gyeonggi Province, together with SK Holdings C&C.

The Pangyo data center provides cloud infrastructure such as servers, storages and networks with security services for both SK family companies and outside companies.

By Han Ye-kyung, Shin Chan-ok and Lee Ha-yeon


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