SK Telecom Co Ltd is trading 8.2% down at $37.82 after announcing a $500 million (approximately 760 billion won) AI-focused investment initiative with regional partners.
- The company is teaming up with Japan’s NTT and Taiwan’s Chunghwa Telecom to launch the large-scale fund aimed at driving AI development.
- The sizable capital commitment, coupled with broader risk-off sentiment in global markets, is currently pressuring shares in pre-market trading.