SK Telecom, a South Korean wireless telecommunications operator, is set to spin-off SKT Investment. Through the horizontal spin-off, SK Telecom will become two separate companies – an AI and digital infrastructure company that sustains stable and solid growth, and an investment company that invests in semiconductor and information and communication technologies. The surviving entity plans to establish itself as an AI and digital infrastructure company by maintaining its growth in fixed and wireless telecommunication and home media based on its leadership in the 5G market. It will further advance its services like Metaverse and subscription-based offerings by applying powerful AI technologies. Building on its AI and digital infrastructure technology assets, the surviving entity will increase its investment in data center and mobile edge computing (MEC) cloud business to secure new sources of revenue.