ChainCatcher reported, citing Yonhap, that SK Telecom, South Korea's largest mobile carrier, announced the spin-off of its AI data center (AIDC) business into a new independent entity, SK Horizon. The company plans to attract a total of 3.08 trillion Korean won (approximately $2.2 billion) in external funds. The spin-off transaction is expected to complete on February 1, 2027. Global private equity firm KKR, along with IMM Investment and Stonebridge Capital consortium, may participate in the investment.
ChainCatcher, citing Yonhap, reported that SK Telecom, South Korea's largest mobile carrier, said it will spin off its AI data center (AIDC) business into a new standalone company, SK Horizon. Big move. The company wants to bring in a total of 3.08 trillion Korean won, or about $2.2 billion, from outside investors.
The spin-off deal is expected to close on February 1, 2027. And KKR, the global private equity firm, may join the investment, alongside IMM Investment and a consortium led by Stonebridge Capital.
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