SK TELECOMMUNICATIONS WAS SPLIT INTO SK HORIZON, FINANCED BY 308 TRILLION WON

SK TELECOMMUNICATIONS SPLIT THE SK BROADBAND DATA CENTRE AND SUBMARINE CABLE OPERATIONS UNDER THE FLAG, SET UP SK HORIZON, A SPECIALIZED COMPANY IN THE AI DATA CENTRE, AND RAISED 3.08 TRILLION WON FROM THE KKR AND IMM CONSORTIUM. UPON COMPLETION OF THE TRANSACTION, SK TELECOMMUNICATIONS HELD 51 PER CENT OF SK HORIZON SHARES, KKR HELD 29 PER CENT OF THE SHARES AND IMM CONSORTIUM HELD 20 PER CENT OF THE SHARES. FUTURE EQUITY SECURITIES HAVE RAISED THE SK TELECOMMUNICATION TARGET SHARE PRICE FROM 120,000 WON TO 150,000 WON TO MAINTAIN THE BUY-IN RATING。