SK Group plans to sell a 49% stake in its Ulsan artificial intelligence data center in South Korea to several private equity firms. SK Telecom and SK Broadband intend to approve the transaction at a board meeting on August 27.

KKR will acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital will acquire a 20% stake. The transaction is valued at approximately 30 trillion won, which includes about 12 trillion won in capital increase.