According to Yonhap News, SK Telecom announced the spin-off of its subsidiary SK Broadband’s data center and submarine cable businesses into a specialized AI data center (AIDC) company named "SK Horizon," raising a total of 3.08 trillion Korean won from global private equity fund KKR and domestic IMM consortium. Upon completion of the transaction, SK Telecom will hold a 51% stake in SK Horizon, while KKR and the IMM consortium will hold 29% and 20%, respectively. In response, Mirae Asset Securities raised its target price for SK Telecom from KRW 120,000 to KRW 150,000 and maintained a "Buy" rating.
SK Telecom Launches SK Horizon with a 3.08 Trillion Won Investment in the AIDC Business
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Summary
SK Telecom announced the launch of SK Horizon, a new AI Data Center (AIDC) business, following a 3.08 trillion won investment from KKR and IMM. The company separated SK Broadband’s data center and submarine cable operations to establish the new entity. SK Telecom will hold 51% ownership, with KKR and IMM holding 29% and 20%, respectively. Future Asset Securities raised SK Telecom’s target price to 150,000 KRW. Digital asset news continues to spotlight major corporate developments in the tech sector. Inflation data remains a key factor influencing market investment decisions.
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