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[Breaking News] Hyosung ITX Signs 252.7 Billion Won Co-location Service Contract with SK Telecom

Hyosung ITX announced through a regulatory filing on the 21st that it has signed a co-location service supply contract worth approximately 252.7 billion won wit

Oseong Kwon
Staff Reporter
2 min read
[Breaking News] Hyosung ITX Signs 252.7 Billion Won Co-location Service Contract with SK Telecom
CBC News

Hyosung ITX announced through a regulatory filing on the 21st that it has signed a co-location service supply contract worth approximately 252.7 billion won with SK Telecom.

This contract is expected to drive a significant improvement in Hyosung ITX's performance. The stated contract amount totals 252,718,419,624 won, which equates to 48.7% of the consolidated revenue forecast for 2025 (519,013,909,878 won).

The detailed contract terms are as follows: • Counterparty: SK Telecom • Service supply location: Geumcheon-gu, Seoul • Contract period: January 1, 2027 – December 31, 2033 • Contract signing date: July 20, 2026 • Payment terms: Billed monthly with payment due within 30 days of the invoice date (no deposit or advance payment)

The company clarified that the contract amount excludes value-added tax. It also added that the amount includes actual cost settlements such as electricity usage fees, and was therefore calculated based on estimated usage. Furthermore, the company noted that the actual contract amount and period may be subject to change depending on the future progress of the business and the results of negotiations between the two parties.

Oseong Kwon
Staff Reporter

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