SK Telecom secures KRW 3.08 trillion KKR, IMM investment for AI data center spinoff SK Horizon
SKM•Investment and spinoff plan
SK Telecom will spin off SK Broadband’s data center and submarine cable units into SK Horizon to scale AI data center infrastructure.
KKR and an IMM Investment-Stonebridge consortium will invest a combined KRW 3.08 trillion in SK Horizon for expansion funding.
Post-transaction ownership will be SK Telecom 51%, KKR 29%, and the IMM consortium 20%.
Capacity targets and growth plans
SK Horizon targets 318 MW total capacity across operating sites and projects under construction, including Ulsan and Guro.
SK Hyper targets 5 GW of new AI data center capacity by 2029, expanding toward 15 GW by 2035.
