[Featured Stock] SK Falls Over 4% Due to Data Center Fire

Service Disruptions at Kakao, Naver, and Others

[Image source=Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] SK's stock price started with a 3% decline and is continuing to fall due to the fire at the Pangyo Data Center in Seongnam-si, Gyeonggi-do. This is interpreted as being influenced by the identification of SK C&C's management negligence as the cause of the fire.

As of 9:07 a.m. on the 17th, SK is trading at 197,000 KRW, down 4.33% (9,000 KRW) compared to the previous trading day.

The fire broke out in the electrical room on the third basement floor of Building A at the SK Pangyo Campus the previous day and was extinguished after about eight hours. This location houses facilities managing communication data for Kakao, Naver, and SK. Although there were no casualties, the power outage caused by the fire led to service disruptions for Kakao, Daum, and Naver. In particular, Kakao Messenger experienced the longest service disruption since its founding.

A police official stated, "The investigation revealed that five battery racks in the electrical room on the third basement floor were completely burned," adding, "It appears that the fire started due to an electrical factor around the batteries or racks."

SK C&C was launched by absorbing and merging the existing group holding company, SK Inc., and changing its name from SK C&C to SK Inc. The business division, SK Inc. C&C, operates system integration (SI) and IT outsourcing businesses and is the third-largest IT service company in South Korea.

This content was produced with the assistance of AI translation services.