[THE INVESTOR] SK Telecom and Verizon Wireless have signed a memorandum of understanding to collaborate on fifth-generation technologies, the South Korean telecom operator announced on Aug. 15.

At a signing ceremony held in Seoul on Aug. 8, the leading operators in South Korea and the US formed a partnership for global standardization of 5G technical specifications and joint research on the 5G network, a subject they have discussed since last year.

The two firms will also share technology developments in 5G and Internet of Things infrastructure virtualization and strengthen cooperation in research projects, including those for redesigning hardware technology and mobile architecture.

By Hwang You-mee ()