SEOUL -- South Korea's SK Telecom and compatriot Kakao signed a 300 billion won ($257 million) share swap agreement on Monday to strengthen their cooperation in e-commerce, digital content and communications technology.
SK Telecom, the country's largest telecom company, aims to attract more than 50 million Kakao users to its own e-commerce affiliate, Eleven Street. Kakao meanwhile wants to sell its game and music streaming services on SK Telecom's media platform. Kakao runs the country's most popular chat app, KakaoTalk.
