Assistive TechnologyBusiness

SK Telecom’s New AI Division Implements Voluntary Exit Program Amid Organizational Restructuring

SK Telecom’s newly formed AI division is implementing a voluntary retirement program for its approximately 1,000 employees, according to company statements. The telecommunications giant describes the move as a supportive measure rather than downsizing as it consolidates various AI operations under a centralized structure.

Organizational Integration Sparks Workforce Changes

South Korean telecommunications leader SK Telecom is implementing significant workforce adjustments at its recently established artificial intelligence division, according to reports from TechCrunch. The company confirmed to the publication that employees at its AI CIC (Company-in-Company) unit are being offered a voluntary retirement program just weeks after the division’s official launch.

International Business and TradeManufacturing

Japan, Spain, South Korea Issue Joint Warning Over Unsustainable Copper Processing Fees

Three major copper-importing nations have issued a rare joint statement expressing deep concerns about plummeting copper processing fees. The warning comes as smelters worldwide face negative charges in some spot deals, forcing them to pay miners for processing services.

International Concern Over Copper Market Dynamics

According to reports from Reuters, the industrial ministries of Japan, Spain, and South Korea have taken the unusual step of issuing a joint statement expressing serious concerns about the sustainability of current copper treatment and refining charges (TC/RCs). The three nations, all significant importers of copper concentrate with domestic smelting operations, warned that the current market environment prevents sustainable development for both smelters and miners.