SK Telecom (NYSE:SKM, "SKT") today announced that it received the ISO/IEC 42001 certification, an international standard for AI management systems.

The ISO/IEC 42001 standard was jointly created by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). It guides businesses and organizations in ethical and responsible use of AI by providing a certifiable AI management system framework in which AI systems can be developed and deployed as part of an AI assurance ecosystem.

The certification process thoroughly assesses the organization's AI management systems, including AI policy, AI risk handling and assessment, AI impact assessment, AI ethics compliance and regulatory response, and transparency in AI management processes.

With the ISO/IEC 42001 certification, SKT has been internationally recognized for effectively implementing AI risk management based on reliability and stability.

In January 2024, SKT introduced AI governance into its corporate management to facilitate sustainable value creation based on ethical use of AI technology and transparent decision making. To this end, the company established a dedicated AI governance organization headed by its Chief Governance Officer to build AI governance processes and create synergy with other organizations within the company.

In March, SKT made public its AI governance principle called "T.H.E. AI," which stands for "by Telco, for Humanity, with Ethics AI," to lay the foundation for its decision-making system as a global AI company with roots in telecommunications.

"With the acquisition of this international standard certification, we expect to strengthen our position as an AI company that communicates with stakeholders based on trust and safety," said Jung Jai-hun, Chief Governance Officer of SKT.

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SK Telecom Co. Ltd. published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 06:46:24 UTC.