SK Telecom has set up a new company, SK Hyper, to focus on artificial intelligence data centers, according to a report by South Korean media outlet Ket cited by ChainCatcher. The telecom company said it plans cumulative investment of KRW 750 billion to expand its large-scale AI data center business. An initial KRW 330 billion is expected to be deployed first, with the total reaching KRW 750 billion by December 2030. SK Telecom said it aims to ultimately hold a 100% stake in the new company. SK Hyper will take charge of development and commercialization work for future large AI data center projects, covering early-stage tasks such as site selection, power infrastructure, and client business partnerships. The company also plans to bring in external capital later, including equity investment from financial investors and project financing.
SK Telecom has established SK Hyper, a new company dedicated to artificial intelligence data centers, according to South Korean media outlet Ket as cited by ChainCatcher. The company said it plans cumulative investment of KRW 750 billion to expand its large-scale AI data center business.
SK Telecom expects to put in an initial KRW 330 billion and plans to raise total investment to KRW 750 billion by December 2030. It also said it will eventually hold a 100% stake in SK Hyper.
SK Hyper to handle early-stage development and commercialization work
The newly formed SK Hyper will be responsible for development and commercialization work for future large AI data center projects. That scope includes site selection, power infrastructure, and early client business cooperation.
At a later stage, the company also plans to bring in outside capital, including equity investment from financial investors, or FI, and project financing, or PF.
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