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AI & Enterprise

SKT to spin off SK Broadband, launch AI data centre unit SK Horizon

SK Telecom will spin off its wholly owned unit SK Broadband to separate its AI data centre business into a new company, SK Horizon, and attract 3.08 trillion won in external investment. SK Broadband will continue wireline, media and enterprise operations, while SK Horizon will run AI data centre infrastructure, including 8 existing centres and projects under construction. KKR and an IMM-Stonebridge consortium will take 29 percent and 20 percent stakes after staged investment.

Crypto

NHN KCP handles stablecoin payments in about 1 second, adds cross-border remittance model

NHN KCP unveiled a model with Avalanche for stablecoin payments, on-chain settlement and cross-border remittances. It implemented a structure that reflects payment information in about 1 second and automatically transfers settlement funds hourly, and is reviewing links to existing payment agency and settlement infrastructure. The companies demonstrated four functions, including a merchant admin page and blockchain-based remittances, using PAYCO’s digital wallet.

Finance

Naver Pay to improve small merchant payment environment with Npay Connect

Naver Pay will work with the Small Business Hope Foundation to improve digital payment infrastructure at small merchants’ stores. Naver Pay said it signed a business agreement on July 1 at the foundation in Seoul to promote digital transformation and greater use of digital tools by small merchants. The partners plan cooperation projects to improve payment environments and operational efficiency, centered on the offline integrated terminal Npay Connect.