Investment and TradingFurther verification required
SK Comments on Progress in Negotiations for an Additional 900 MW at the Ulsan AI Data Center
SK Chairman Choi Tae-won announced that discussions with global big tech companies regarding the 1GW expansion of the Ulsan AI data center have progressed to include an additional 900MW.
VERIFIED FACTS
Key points identified in the original text
01Remarks by SK Chairman Choi Tae-won following the Ulsan Forum on September 11, 2026; reported on September 13
02Mention of progress in discussions with Big Tech regarding an additional 900 MW for the Ulsan 1 GW expansion
03The existing 100 MW-class pilot project is under construction, with a target of commencing operations in the second half of 2027.
04The original text regarding the securing of an additional 900 MW through contracts, power supply, permits, and site confirmation has not been disclosed.
AI-DC KOREA ANALYSIS
Interpretation and the following points to verify
This statement is a new indication that discussions with customers regarding the expansion from the existing 100 MW Phase 1 to a long-term 1 GW plan have made progress. However, as this is based on major media outlets quoting on-site remarks, it does not constitute an official contract announcement verifying the completion of customer contracts, investment commitments, site acquisition, building permits, electricity supply contracts, or grid connection approvals for the additional 900MW. Therefore, the 900 MW will not be registered as current operating capacity, secured power, power reception capacity, IT load, or UPS capacity. We will continue to distinguish between the previously disclosed Phase 1 plan (41 MW) and the completed Phase 1 plan (103 MW), as well as the long-term 1 GW expansion plan, on a phased basis.
PRIMARY EVIDENCE