SK Telecom expands data centre plans in Korea and Vietnam

 

Work is underway to grow SK Telecom’s presence in data infrastructure at home and abroad. As reported by Data Centre Dynamics, the company plans to expand its Ulsan site in South Korea and build another facility in Vietnam.

During SK’s AI Summit on November 3, company leaders said the Ulsan buildout will support 1GW of capacity. That target is more than ten times the original goal of 103MW. The expansion is part of an MoU (memorandum of understanding) between the firm and Ulsan Metropolitan City.

The Ulsan data centre sits on land once used by SK Group’s chemicals subsidiary and is tied to a partnership with AWS. The construction agreement was signed in June, with ground work starting in early September. Earlier planning suggested that 41MW would be available by November 2027, with full completion set for February 2029. It is not clear if these timelines will shift under the larger build.

THE cost of the upgrade is also unknown, although Korea’s Ministry of Science had previously confirmed a budget of 7 trillion won ($5.11 billion) for the site.

SK Telecom and SK Innovation, the group’s energy arm, are planning another data centre in Vietnam, powered by LNG. The company did not share details of its size or exact location.

South Korean companies have shown growing interest in building data centres in Vietnam. In late August, Samsung signed an MoU with Vietnamese telco CMC, and LG signed with the Vietnam Posts and Telecommunications Group. In May, KT and Viettel agreed on a $94.6 million partnership to promote KT’s AI products in the country and support a new facility.

SK Telecom’s new CEO, Jung Jaihun, said the firm is also looking at growth in Malaysia and Singapore. Jung took on the role last week, replacing Ryu Young-sang, who faced backlash over the company’s handling of a cyberattack in April. Ryu now leads the SK Supex Council AI Committee, which guides the group’s approach to AI.

The announcements followed SK Telecom’s third quarter earnings, in which company recorded a drop in revenue and operating income of 12.2% and 90.9%, creating a net loss of KRW 206.6 billion ($143 million). The poor results are linked to the cyberattack, which drove more than 300,000 customers to switch providers.

The company’s AI business delivered better news, reporting 32.2% growth from the previous quarter. That segment includes data centres, enterprise products, and AI cloud offerings.

The rush toward AI is shaping the broader tech scene in South Korea. HBM chipmaker SK Hynix has seen its share price climb 250% since January. Last week, Korean fried chicken stocks surged by 30% after photos of Nvidia, Samsung, and Hyundai leaders eating the food together.

Demand for AI computing has sparked a wave of new data centre projects. Earlier this week, Naver shared plans to grow its site in the central city of Sejong. In late October, AWS added $5 billion to its existing $4 billion commitment to South Korean data centres. Nvidia also said it will supply more than 250,000 GPUs in hyperscale and government facilities.

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