Ulsan

SK Group

2026-08-27 07:23:53

SK plans to sell 49% stake in Ulsan AI data center, with KKR taking 29%

SK Group plans to sell a 49% stake in its artificial intelligence data center in Ulsan, South Korea, to several private equity investors. SK Telecom and SK Broadband are expected to approve the deal at board meetings scheduled for Aug. 27. Under the proposed transaction, KKR would acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital would buy the remaining 20%. The deal values the data center at about 3 trillion won and includes roughly 1.2 trillion won in new capital injection. The transaction structure and board timetable were reported in the source brief, which identified the involved buyers and the approximate valuation terms.

1070

Hyundai Motor

2026-07-17 02:40:23

Hyundai union stages partial strike over Atlas humanoid robot plans

Hyundai Motor’s labor union has launched a partial strike at the company’s Ulsan complex after talks with management broke down, putting humanoid robots at the center of a factory labor dispute. Workers on day and night shifts left two hours early each day from July 13 to 15, and the union plans to escalate the action to four-hour stoppages from July 20 to 22 after 15 rounds of negotiations failed to produce a deal, according to The Korea Times. The dispute has drawn unusual attention because Hyundai has not yet deployed any Atlas robots at the Ulsan site. The company’s earliest planned introduction of Atlas in a U.S. factory is set for 2028. Even so, the union is moving before large-scale rollout begins, arguing that automation could cut working hours and erode pay. Reports cited in the article say Hyundai plans to deploy more than 25,000 Atlas robots across Hyundai and Kia plants, beginning with U.S. operations in 2028. Reuters also reported that Hyundai finalized a deal on July 16 to acquire full ownership of Boston Dynamics from SoftBank. Analyst estimates cited by Bloomberg and Macquarie suggest Atlas could cost about $130,000 per unit and pay for itself in around two years, with operating costs potentially falling below the U.S. federal minimum wage if unit costs decline to $100,000.

1990