According to CoinMeta, SK Telecom has split its SK broadband data center and submarine cable business to establish a specialized data center company called SK Horizon. The company raised 3.08 trillion Korean won from a consortium consisting of KKR and IMM. Following the completion of the transaction, SK Telecom will hold 51% of the shares in SK Horizon, KKR will hold 29%, and the IMM consortium will hold 20%. In the future, the target stock price for SK Telecom is set to be raised from 120,000 Korean won to 150,000 Korean won, with the investment rating remaining as "buy."