WSJ Tech News Briefing · Thursday, August 27, 2026
SK Telecom is spinning off its data center and submarine cable businesses into a new entity called SK Horizon. This move is supported by a $2.2 billion investment from KTR and a consortium of South Korean firms, as South Korea aims to bolster its domestic AI ecosystem.
“KTR and a consortium of South Korean firms are investing $2.2 billion in an AI data center company being created by SK Telecom through a spin-off.”
“The company plans to carve data center and submarine cable businesses out of subsidiary SK Broadband through a spin-off and form a new company called SK Horizon, completing SK Telecom's plan to establish an AI data center infrastructure business.”
“The push comes as South Korea doubles down on building a complete AI ecosystem on home soil, seeking to scale up data center capacity and secure AI sovereignty.”