South Korean telco SK Telecom is set to sell a minority stake in its Ulsan data center, according to a report by Chosun Biz.
SK Telecom is in talks to sell up to 49 percent equity in the facility for 2 trillion won ($1.3bn), with 29 percent going to investment firm KKR and the rest going to a consortium formed by Korean investment companies IMM Investment and Stonebridge.
– SK Telecom
Details of the sale were first reported by the Korea Economic Daily in December 2025.
The facility is being built at a site formerly owned by the SK Group’s chemicals subsidiary and is the product of a partnership between the conglomerate and AWS.
