SK Group

KKR will control South Korea's $1.3 billion renewables platform alongside SK as AI power demand increases. The move follows South Korea's announcement of three major investment projects in semiconductors, physical AI, and AI data centers.

Korean stocks rebounded as Samsung Electronics Co. and SK Hynix Inc. announced large-scale investments in memory chips, data centers, and robotics. The plan was unveiled alongside South Korea's President Lee Jae Myung during a news conference at the presidential Blue House.

Samsung Group and SK Group plan to invest up to 2,000 trillion won ($1.3 trillion) over 10 years in sectors like semiconductors, AI data centers, and physical AI as part of South Korea’s 'Three Mega Projects for the Great Leap Forward' initiative. Investments include building semiconductor fabrication plants in Gwangju and expanding chip production facilities in Chungcheong provinces.

Insilico Medicine and SK Biopharmaceuticals signed a $2.5B partnership to develop neuroimmune therapies using AI-driven drug discovery. Insilico will design candidates via its Pharma.AI platform, while SK Biopharmaceuticals handles late-stage development and commercialization. The deal includes potential milestone payments and royalties, marking Insilico's largest Asia-Pacific collaboration.

SK Hynix Inc. showcased its 12-layer HBM4 memory chips at the SK AI Summit in Seoul. Chey Tae Won, chairman of SK Group, predicted robust AI demand in the coming years, dismissing concerns about a spending bubble.