[SK Telecom Spins Off to Establish SK Horizon, Secures 3.08 Trillion KRW in Financing] According to Yonhap News Agency, SK Telecom has spun off its SK Broadband data center and submarine cable business to establish SK Horizon, a specialized AI data center company. It has raised 3.08 trillion KRW in funding from the KKR and IMM consortium. After the transaction, SK Telecom will hold a 51% stake in SK Horizon, KKR will hold a 29% stake, and the IMM consortium will hold a 20% stake. Mirae Asset Securities has raised SK Telecom's target stock price from 120,000 KRW to 150,000 KRW, maintaining a buy rating.