Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
SK Broadband, the South Korean telecom firm, has named seasoned tech veteran Park Jin Hyo, former CEO of SK Shieldus Co., as its new CEO. Pending shareholder approval, Park will drive strategic initiatives, leveraging his extensive experience in technology and security.
SK Broadband said Park Jin Hyo has now been tasked with leading the company. As per The Korea Economic Daily, the telecom firm will officially declare the executive as its new CEO once the approval from shareholders is handed down. The meeting of the board of directors and shareholders is set to take place at the end of August.
Park has more than 25 years of work experience as a tech expert. He started working for SK Telecom in 1997 and entered the company as head of the information communication technology center. The division's main job is focused on developments and fifth-generation technology for broadband cellular networks.
In 2020, the upcoming CEO of SK Broadband became the chief of SK Shieldus Co., a company that provides security, safety, and care services in both cyber and physical security setups. The following year, in November 2021, he was transferred to SK Telecom and held the same role.
However, in January this year, he was moved to another subsidiary of the SK Group, and this time it was the SK Broadband. On his appointment, he was expected to help the company strengthen the business synergies of SK and its telecom unit.
And now that he was promoted again under SK Broadband as its new CEO, Park will further expand his task at the company to include works that will boost the telecom's competitiveness. Its profitability is still at a standstill since its major businesses, such as video-on-demand (VOD) services, have slowed as more people shift to over-the-top (OTT) services like Netflix.
Meanwhile, in a report, it was mentioned that the SK Group made Park Jin Hyo's promotion to the chief role at SK Broadband.
Photo by: SK Broadband Website
