South Korea's SK Telecom Will Invest 750 Billion Won to Establish AI Data Center Specialized Subsidiary "SK Hyper"
7x24h News
South Korea's SK Telecom Will Invest 750 Billion Won to Establish AI Data Center Specialized Subsidiary "SK Hyper"
According to Korean media Ket, South Korea's SK Telecom (SKT) announced the establishment of a new company dedicated to AI Data Centers (AIDC) named "SK Hyper" and plans to invest a cumulative total of 750 billion won to promote large-scale AI data center business expansion. It is expected to initially invest 330 billion won, and plans to cumulatively invest 750 billion won by December 2030, ultimately holding 100% equity in the company. Reportedly, the newly established SK Hyper will be responsible for the development and commercialization of future large-scale AI data center projects, including preliminary work such as site selection, power infrastructure, and customer business collaborations. Subsequently, external funds such as equity investment from Financial Investors (FI) and Project Financing (PF) will also be introduced.
Navigating Web3 tides with focused insightsTechFlow News, July 26, according to South Korean media Ket, South Korea's SK Telecom (SKT) announced the establishment of a new company dedicated to AI Data Centers (AIDC) named "SK Hyper" and plans to invest a total of 750 billion Korean won to drive large-scale AI data center business expansion. It is expected to initially invest 330 billion Korean won, with plans to accumulate investments of 750 billion Korean won by December 2030, ultimately holding 100% equity in the company. It is reported that the newly established SK Hyper will be responsible for the development and commercialization of future large-scale AI data center projects, including preliminary work such as site selection, power infrastructure, and customer business cooperation. Subsequently, it will also introduce external funds such as equity investment from Financial Investors (FI) and Project Financing (PF).
