South Korea's SK Telecom plans to invest 750 billion won to establish SK Hyper, a subsidiary specializing in AI data centers.
54 minutes ago
According to Korean media outlet Ket, South Korea’s SK Telecom (SKT) has announced the establishment of SK Hyper, a new specialized subsidiary for AI data centers (AIDC), with a planned total investment of 750 billion won to expand its large-scale AI data center business. SKT will first invest 330 billion won, with the full 750 billion won earmarked for deployment by December 2030, and will ultimately hold 100% equity in SK Hyper. The newly formed SK Hyper will oversee the development and commercialization of future large-scale AI data center projects, including preliminary work such as site selection, power infrastructure setup, and client business collaborations. It will also later secure external funding through financial investor (FI) equity investments and project financing (PF).
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