SK Telecom of South Korea will invest 750 billion won to establish an AI data center subsidiary, SK Hyper

According to South Korean media Ket, South Korea's SK Telecom (SKT) announced the establishment of a new company specializing in artificial intelligence data centers (AIDC) called SK Hyper and plans to invest a total of 750 billion won to promote the expansion of large-scale AI data center business. 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.

It is reported that the newly established SK Hyper will be responsible for the development and commercialization of future large AI data center projects, including site selection, power infrastructure, and preliminary work on customer business cooperation. Subsequently, it will also introduce financial investors (FI) for equity investment and project financing (PF) as external funding.