SK Telecom launches AI data center subsidiary SK Hyper

South Korea's SK Telecom announced on July 23 the creation of a wholly owned subsidiary, SK Hyper, focusing on AI data centers. The company plans to invest 750 billion won (about 3.45 billion USD) by 2030 for infrastructure. SK Hyper will operate AI data centers and substations, aiming to build 5 gigawatts of capacity by 2029 and expand to 15 gigawatts by 2035. First projects include a data center cluster in Ulsan and more gigawatt-scale facilities in Chungcheong.