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KRX:017670

21 stories mentioning KRX:017670Updated 14h ago

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Asia

Market Chatter: SK Telecom Among Bidders for Bain's Bridge Data Centres Stake

SK Telecom (KRX:017670), investment firm Sixth Street Partners, Singaporean state investor GIC, and Canada's La Caisse are among bidders for a "significant" stake in Bridge Data Centres, Bloomberg reported Wednesday.Bain Capital is considering selling about 50% of the Singapore-based data center operator while retaining the remaining stake, in a deal valued at over $4 billion, according to the report.Citigroup Inc. and JPMorgan Chase are working on the transaction, the report said.Considerations are ongoing, and the stake size and valuation may change, the report added.SK Telecom, Sixth Street Partners, GIC, La Caisse, Bain, and Bridge Data Centres did not immediately respond to' request for comment.Shares of SK Telecom rose nearly 3% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:017670
South Korea Ramps Up AI Ambitions With $950 Billion US Tech Deals
US Markets

South Korea Ramps Up AI Ambitions With $950 Billion US Tech Deals

South Korean technology companies led by Samsung Electronics (KRX:005930) and SK Group unveiled artificial intelligence partnerships worth a combined $950 billion with Nvidia, Broadcom and other U.S. companies on Friday.The announcements came at an AI investment summit in San Francisco hosted by South Korean President Lee Jae Myung.About 230 business leaders attended the event, including Samsung Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Nvidia Chief Executive Jensen Huang, OpenAI Chief Executive Sam Altman and Anthropic Chief Executive Dario Amodei.The $950 billion total stems from two massive semiconductor supply and manufacturing agreements. Samsung signed a five-year, $200 billion memorandum of understanding with Broadcom to provide high-bandwidth memory (HBM) chips for AI data centers alongside advanced foundry services.SK Group committed to $750 billion in long-term advanced memory supply cooperation with global tech companies. This includes a $500 billion-plus letter of intent with Nvidia spanning AI infrastructure and next-generation memory development. Additionally, SK Telecom (KRX:017670) will procure Nvidia's latest computing platforms to develop AI data centers with up to 2 gigawatts of power capacity.Separately from the semiconductor deals, Naver (KRX:035420) expanded its partnership with Nvidia, securing a $1 billion investment from the U.S. chipmaker and up to $9 billion from Canadian investment firm Brookfield to support AI data centre projects in South Korea.The South Korean government said the agreements support its strategy to position the country as a global AI production base by combining its semiconductor expertise with the technology and capital of leading U.S. companies.South Korea will "become a global hub by going beyond supply to create dynamic new markets where the world can grow together through the fastest and best utilization of AI," Lee said in the San Francisco AI Declaration.He added that the country aims to "leap forward as a key nation in the irreplaceable global AI supply chain."The announcements come as South Korea accelerates investment in AI infrastructure. In June, Samsung and SK Hynix announced plans to invest a combined 800 trillion won in four semiconductor plants.

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Asia

SK Telecom Launches Dedicated AI Data Center Business

SK Telecom (KRX:017670) said its board approved the formation of SK Hyper, a wholly owned subsidiary focused on artificial intelligence data center development, and authorized investments of up to 750 billion won through 2030 to support the business.SK Hyper will lead the development of up to 15 gigawatts of AI data center capacity over the medium to long term, with responsibilities including site acquisition, substation construction and operation, customer acquisition, and commercialization, the South Korean telecom operator said.SK Telecom plans to make capital contributions to the unit in phases through 2030 as needed while retaining full ownership.The company aims to begin operations of an initial 5 GW of AI data center capacity in 2029, with further expansion to 15 GW by 2035, subject to market demand and other factors.

KRX:017670
Asia

Hyosung ITX Enters into KRW 252.7 Billion Colocation Service Contract with SK Telecom

Hyosung ITX (KRX:094280) has entered into a colocation service contract with SK Telecom valued at 252.7 billion won, which accounts for 48.7% of its latest consolidated annual revenue.The contract runs from Jan. 1, 2027, to Dec. 31, 2033, with monthly billing and payment due within 30 days of the invoice date, and no upfront deposit required, according to a bourse filing on Tuesday.The total amount includes reimbursable expenses such as electricity costs, which are estimated based on projected usage rather than fixed charges.The final contract value and duration may be adjusted depending on future business developments and mutual agreement between Hyosung ITX and SK Telecom (KRX:017670).

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Asia

SK Telecom to Acquire KRW186 Million Treasury Shares

SK Telecom's (KRX:017670) board agreed to acquire 3,532 treasury shares for 186.1 million won through an off-market transaction following the cancellation of previously granted long-term performance-based stock awards.The Korea-based company said no actual cash payment will be made because the acquisition results from the cancellation of stock awards already granted, according to a Korean bourse filing on Tuesday.The acquisition period will run between July 15 and Oct. 14.

KRX:017670
Asia

SK Telecom and KT to Lead 17.2 Billion Won Government-Backed Hyper-AI Networks Project

SK Telecom (KRX:017670) and KT (KRX:030200) were selected by South Korea's National Information Society Agency as lead operators for two consortia under the 17.2 billion won "Hyper-AI Network Infrastructure" project, according to a statement on Tuesday.The project aims to deploy 5G-SA and AI-RAN-powered leading networks at industrial sites such as shipyards and factories to verify ultra-low-latency, high-reliability communication essential for Physical AI services.Demonstrations will test AI-based welding, painting, and patrol robots in high-risk environments, validating real-time perception, decision-making, and multi-robot collaboration capabilities that on-device AI alone cannot achieve.The networks will be x=compared against existing infrastructure on metrics including upload speed, latency, jitter, and autonomous operation to ensure optimization for Physical AI applications.Beyond 2027, the project plans to expand to humanoid robots, while an industry-academia-research council will be formed to commercialize the technology and public demos are planned for the 6G Festa in December 2026.

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Asia

Market Chatter: Major Telcos in South Korea Up IT Security Spend by 22% in 2025

The combined information security investment by three of South Korea's biggest telecom companies grew 22% year over year in 2025 to 367.5 billion won, according to a Korea Times report quoting data from the Korea Internet & Security Agency.The investments from SK Telecom (KRX:017670), KT (KRX:030200) and LG Uplus (KRX:032640), which outpaced the overall IT investment growth rate of 4%, were followed by data breaches in 2025, the Monday report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

SK Telecom Confirms Strategic Review of AI Data Center, Says No Decision Made

SK Telecom (KRX:017670) confirmed it is examining various strategic directions for its AI data center business, but no specific matters have been determined, according to a Korea bourse filing on Monday.In a response to a July 10 report claiming KKR is reviewing the acquisition of SK's AI data center, the company said nothing has been finalized, and it plans to disclose any material developments within a month.SK Telecom's shares fell 2% recently.

KRX:017670
Asia

Market Chatter: SK Telecom to Invest KRW140 Trillion to Establish AI Hub in Yeongnam; Shares Decline 3%

SK Telecom (KRX:017670) plans to invest 140 trillion won to establish an artificial intelligence (AI) hub in South Korea's Yeongnam region, Yonhap News reported Friday.The telecommunications giant plans to build AI data centers in the region. Under the investment plan, the company will begin to build a 100-megawatt hyperscale AI data center in Ulsan, targeting operations by the fourth quarter of 2027, before expanding capacity by another 1.9 gigawatts in the Yeongnam region, it said.The company aims to reach 5 gigawatts of AI data center capacity by 2029, which would require an investment of about 350 trillion won, the report said.SK Telecom did not immediately respond to' request for a comment.Shares of the company fell nearly 3% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:017670
Asia

SK Telecom to Build 15GW AI Data Center in Ulsan

SK Telecom (KRX:017670) plans to build an AI data center in South Korea's Ulsan, which will be scaled up to 15 gigawatts, the telecommunications giant said in a Sunday press release.The telecommunications giant plans to build more than 2 gigawatts of AI data center capacity in the country's southeastern region and another 1 gigawatt in the southwest, targeting a total domestic capacity of 5 gigawatts from 2029. The company also plans to launch its next-generation AI Factory next year and expand it to gigawatt scale, the release said.The 15-gigawatt AI data center network is expected to position South Korea as a regional AI infrastructure hub ahead, it said.Shares of SK Telecom fell more than 2% in recent trade.

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Asia

SK Telecom, SK Inc. to Acquire Stake in SK Hynix NAND Product Solutions

SK Telecom (KRX:017670) and SK Inc. (KRX:034730) will each acquire 642 shares in SK Hynix (KRX:000660) subsidiary SK Hynix NAND Product Solutions for 397.1 billion won in cash, according to a Monday filing with the Korea Exchange.The investment will give SK Telecom and SK Inc. a 0.62% stake each in SK Hynix NAND Product Solutions. The acquisitions are scheduled to be concluded on July 23, the filing said.Shares of SK Hynix fell nearly 2% at market close, while those of SK Inc. declined about 4%.

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Asia

Samsung, SK Group Plan Massive Long-Term AI Memory-Led Investments in South Korea

Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and SK Telecom (KRX:017670) plan to invest massively across South Korea to meet the increasing demand for AI memory around the globe, according to several filings with the Korea Exchange and a press release by SK Hynix on Monday.Samsung Electronics plans to invest about 2,450 trillion won by December 2040, including 2,100 trillion won in semiconductors, to expand chip clusters in Yongin and Gwangju, build HBM fabs in Cheonan and Onyang, and establish a humanoid robot production line in Gumi, the chipmaker said in a Monday filing with the Korea Exchange.SK Hynix plans to invest 1,100 trillion won, which includes 600 trillion won in investments in the Yongin Semiconductor Cluster, 100 trillion won in Cheongju, and 400 trillion won to develop a new semiconductor cluster in the country's southwestern region, the chipmaker said in a Monday release.SK Hynix also aims to complete the fourth Yongin fab by 2033, which was previously scheduled to be completed by 2045.Finally, SK Telecom plans to develop 15 gigawatts of AI data center capacity in phases to meet the increasing AI infrastructure demand. The first phase targets 5 gigawatts of capacity from 2029, followed by an additional 10 gigawatts by 2035, conditional on market demand and progress of the project, the telecommunications firm said in a Monday filing with the Korea Exchange.Shares of Samsung Electronics fell nearly 5%, and SK Hynix shed 2% at market close.

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Asia

South Korean Shares Plunge on AI, Battery Losses; Samsung Loses 5%, SK Hynix 8%

South Korean shares closed lower on Friday after investors booked profits on AI and battery stocks following the previous day's strong gains. Market heavyweights Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) shed over 5%, 8% and 6%, respectively, at the end of the trading day.The benchmark Korea Composite Stock Price Index, or Kospi, fell 5.8%, or 519.09 points, to close at 8,411.21. The Kosdaq also declined by 4.1%, or 36.44 points, to end at 851.37.In economic data, the average interest rate on new deposits in South Korea added one basis point to hit 2.93% in May from the previous month, while the average interest rate on outstanding amounts of deposits also added one basis point to 2.03% during the same period.The average interest rate on new loans in the country shed one basis point to hit 4.19% in May from the previous month, while the average interest rate on outstanding amounts of loans added one basis point to 4.31% during the same period, the Bank of Korea said Friday.On the corporate front, SK Telecom (KRX:017670) plans to invest 738.38 billion won in chipmaker SK Hynix's US-incorporated NAND unit SK Hynix NAND Product Solutions Corporation (SKHNPS) via a capital contribution commitment agreement to acquire 1,198 newly issued shares.The investment will give SK Telecom a 0.9% stake in SKHNPS, with the acquisition scheduled to close on June 25, 2030, according to a Friday filing with the Korea Exchange.Shares of SK Telecom fell nearly 1% at market close.

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Asia

SK Telecom Signs Deal with KG Steel, KONEX for Proprietary AI Model Application

SK Telecom (KRX:017670) signed business agreements with steel manufacturer KG Steel (KRX:016380) and automotive parts manufacturer KONEX to apply its proprietary AI foundation model AX K1 to the two firms' factories, according to a Thursday release.The three parties plan to commence field trials in the second half of 2026, deploying a manufacturing-focused AI agent at KG Steel's cold rolling line at its Dangjin plant and in KONEX's casting and processing processes, the release said.Shares of KG Steel fell over 1% at market close.

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Asia

Nable Bags KRW2.41 Billion 5G Specialized Network Construction Project from SK Telecom

Nable (KOSDAQ:A153460) secured a 2.41 billion Korean won contract from SK Telecom (KRX:017670) for a 5G specialized network construction project for Hana Financial Group (KRX:086790), according to a Tuesday filing with the Korean Exchange.The contract is slated to conclude by Dec. 31, the filing said.

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Asia

South Korean Shares Plunge Amid Over AI-Led Investment Worries, Possible US Fed Rate Hikes

South Korean shares tanked on Monday as investors offloaded stocks amid renewed concerns over the profitability of AI-led investments and fears that the U.S. Federal Reserve could adopt a more hawkish monetary policy stance due to a better-than-expected U.S. jobs report for May.The Korea Composite Stock Price Index or Kospi fell 676.18 points, or 8.3%, to end at 7,484.41. The Kosdaq also decreased by 91.05 points, or 9.1%, to close at 911.39.The Korea Exchange activated a five-minute sell-side sidecar on the country's primary and secondary stock markets on Monday morning as concerns rose over the semiconductor sector, and investor sentiment was dragged down by fears of further interest rate hikes after the U.S.'s better-than-expected jobs data.A sell-side sidecar is activated when the KOSPI200 Futures index or the KOSDAQ150 futures decline 5% or more for at least one minute.In corporate news, SK Group subsidiaries SK Hynix (KRX:000660) and SK Telecom (KRX:017670) unveiled separate partnerships with U.S. chip giant Nvidia to support AI infrastructure expansion and next-generation memory development.Meanwhile, SK Hynix signed a multi-year technology partnership with Nvidia to develop next-generation memory solutions. Shares of SK Hynix fell over 7% at market close.

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Nvidia Strikes Partnerships With South Korea's SK Hynix, SK Telecom, Naver
US Markets

Nvidia Strikes Partnerships With South Korea's SK Hynix, SK Telecom, Naver

Nvidia has signed a trio of technology partnerships with South Korean tech companies SK Hynix (KRX:000660), SK Telecom (KRX:017670) and Naver (KRX:035420), according to press releases from the US chip giant on Sunday.The partnerships position South Korea as a major hub for Nvidia's AI infrastructure.Under a new multiyear hardware agreement, Nvidia and SK Hynix will co-develop advanced memory for Nvidia's AI supercomputers, including its upcoming Vera Rubin platform.The new Vera CPU, which handles central processing workloads for the Rubin architecture, is currently in full production. Nvidia CEO Jensen Huang told Bloomberg News that systems built on the new architecture are scheduled to begin shipping in the third quarter.The collaboration will also focus on producing custom memory for Nvidia's Jetson Thor robotic computing platforms.As part of the deal, the South Korean chipmaker, a rival to Samsung Electronics (KRX:005930) and Micron Technology, gains access to Nvidia software suites like PhysicsNeMo and Omniverse. SK Hynix plans to integrate these tools into its in-house simulation codes and 3D visualizations to build "digital twins" of its manufacturing facilities, optimizing autonomous fab operations and the movement of mobile robots.Nvidia has also partnered with SK Telecom to deploy the full-stack Nvidia DSX platform.The agreement aims to build a gigawatt-scale AI Cloud in South Korea, with the first AI data center scheduled to go online by 2027. This infrastructure will provide GPU-based cloud computing tailored to support sovereign, physical, and agentic AI workloads for enterprises across Korea, with plans to expand to Asia."Telecom networks are becoming national AI infrastructure," said Huang. "They connect people, companies, devices and machines - and now they can become the backbone of new AI clouds."Separately, Nvidia also teamed up with Naver to expand sovereign AI infrastructure, starting at 55 megawatts with plans to move to gigawatt scale using the DSX platform.Naver will leverage Nvidia's open model Nemotron 3 Ultra to further scale its HyperCLOVA X model for enterprise use.Naver will also deploy the Nvidia Cosmos platform to accelerate its "Seoul World Model," which uses real-world Korean spatial data to train autonomous driving systems.While the exact financial terms of these collaborations were not disclosed, Reuters reported that the hardware partnership with SK Hynix will run for at least two years, with an option to extend, following high-profile meetings between Jensen Huang, SK Group Chairman Chey Tae-won, and Naver founder Lee Hae-jin.In Seoul trading at midday on Monday, SK Hynix's shares fell nearly 2%, Naver jumped almost 14%, while SK Telecom rose nearly 7%.

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Asia

SK Group Units Partner With Nvidia on AI Infrastructure, Memory Development

SK Group subsidiaries SK Hynix (KRX:000660) and SK Telecom (KRX:017670) unveiled separate partnerships with U.S. chip giant Nvidia to support AI infrastructure expansion and next-generation memory development.SK Telecom plans to build a gigawatt-scale AI cloud in South Korea using Nvidia's DSX platform, with the first AI factory expected to begin operations next year, Nvidia said in a press release.The AI cloud will deliver sovereign, physical and agentic AI services to enterprises and industries nationwide, leveraging SK Telecom's network, data center and enterprise infrastructure capabilities.Meanwhile, SK Hynix signed a multi-year technology partnership with Nvidia to develop next-generation memory solutions.The agreement is intended to help secure supplies of advanced memory needed to support the expansion of AI factories worldwide while addressing the long development timelines and significant investments required for production, Nvidia said in a separate release.Shares of SK Telecom rose nearly 2%, while those of SK Hynix fell over 5% in Monday morning trade.

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Asia

Nomura Adjusts SK Telecom's Price Target to KRW89,000 From KRW51,000, Keeps at Neutral

SK Telecom (KRX:017670) has an average rating of overweight and mean price target of 91,312.50 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KRX:017670
US Markets

SK Telecom's Q1 Profit Falls Amid Data Breach

SK Telecom's (KRX:017670) attributable profit declined during the first quarter amid the effects of a data breach in the previous year.South Korea's largest wireless telecommunications operator posted net attributable profit of 322.4 billion won, down 11.5% from 364.4 billion won a year earlier, according to a Thursday filing with the Korea Exchange.Basic earnings per share slid to 1,490 won during the quarter from 1,689 won in the year-ago period. Analysts at Visible Alpha estimated diluted earnings per share at 1,297.15 won.Operating revenue slipped 1.4% year over year to 4.392 trillion won from 4.454 trillion won.Mobile service revenue declined 3% to 2.581 trillion won from 2.662 trillion won.Despite the fallout from the data breach in the first quarter of 2025, which led to the loss of about 600,000 subscribers during the period following a cyberattack on its main servers, the telco gained 210,000 handset subscribers in the first three months of 2026.SK Telecom also expanded membership benefits and restructured rates to win more subscribers, it said."These results are attributable to the company's commitment to placing customers at the core of its business and implementing a range of measures to strengthen fundamental competitiveness," SK Telecom said in a press release on Thursday.Broadband revenue grew 3.2% year over year to 1.150 trillion won from 1.114 trillion won as the number of high-speed internet subscribers grew.Artificial intelligence data center revenue surged 89% year over year to 131.4 billion won from 69.4 billion won on higher use rates of its data centers and better revenue contribution from its GPU-as-a-service segment.Operating expenses slipped year over year to 3.855 trillion won from 3.886 trillion won.Capital expenditure jumped 29% to 136.5 billion won from 106 billion won."Going forward, we will make every effort to restore our earnings by generating sustained results," Chief Financial Officer Park Jong-seok said in a statement.SK Telecom's shares declined over 2% in Thursday afternoon trade.

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