SK will sell a 49% stake in the Ulsan AI data center to institutions such as KKR

SK Group plans to sell a 49% stake in its Ulsan artificial intelligence data center in South Korea to several private equity firms. SK Telecom and SK Broadband intend to approve the transaction at the board meeting on August 27.

KKR will acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital will acquire a 20% stake. The transaction is valued at approximately 3 trillion won, which includes about 1.2 trillion won in capital increase.