Search results for board meeting
AI & Enterprise
SKT CEO Jung Jae-heon says now is golden time to scale AI data centre business with SK Hyper
SK Telecom CEO Jung Jae-heon (정재헌) said the company will speed up efforts to secure key infrastructure and attract global customers with the launch of SK Hyper, a specialist unit for AI data centre business development. SKT’s board approved the unit’s establishment and investment plan. SK Hyper will be a wholly owned subsidiary, with SKT planning staged investment totalling 750 billion won by 2030 depending on progress.
AI & Enterprise
SKT launches SK Hyper, steps up AI data centre expansion
SK Telecom is setting up SK Hyper, a specialised unit for AI data centre business development, and will invest 750 billion won by 2030. It plans to build 15 gigawatts of infrastructure by 2035 in step with a government mega project. SKT approved the plan at a board meeting on July 23. SK Hyper will support site acquisition, substation operations and customer recruitment.
AI & Enterprise
ADB to invest $50 billion in pan-Asian power grid by 2035
The Asian Development Bank plans to invest $50 billion by 2035 to build a pan-Asian power grid to meet rising electricity demand from the spread of AI. It also proposed an additional $20 billion for digital infrastructure, taking the total to $70 billion for energy and telecommunications projects. The plan aims to link national grids, expand renewable energy trade, improve power access, cut emissions and create jobs.
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Finance
BOK shifts to tightening as growth rebounds, leaves door open to more rate hikes
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Finance
Bank of Korea raises interest rates for first time in 3-1/2 years, benchmark rate at 2.75 percent
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Finance
Financial regulators weigh single-stock leverage ETFs ahead of presidential briefing
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Finance
Korea stocks outlook: Can KOSPI rebound? CPI, semiconductor earnings in focus
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Games & Commerce
Korean game firms reshape leadership as mobile growth formula fades
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AI & Enterprise
KAIST president Lee Kwang-hyung steps down; expands research, education and global cooperation
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Games & Commerce
Mgame to cancel treasury shares and buy more to boost shareholder value
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People
IBK Investment Securities appoints Choi Kwang-jin as new CEO
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Finance
NH Investment & Securities launches dual CEO system with Shin Jae-wook and Bae Kwang-soo
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Industry
Hyundai Motor Group to buy SoftBank\'s remaining stake in Boston Dynamics
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Games & Commerce
From Kakao to Line Yahoo: KakaoGames launches new management setup
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Finance
NH NongHyup Bank to set up consumer protection committee within board
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Games & Commerce
Kakao Games stake deal completed, top shareholder changes to Line Yahoo
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Games & Commerce
Nexth acquisition of OneStore secures game distribution channel, puts web3 hub shift to the test
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Games & Commerce
Nexters to acquire OneStore, push shift to Web3 game store and AI platform