SK Hyper is negotiating with major tech firms and financial investors to finance
a data center project estimated at $350bn. The SK Group unit targets 15GW of
capacity in South Korea by 2035. CEO Chung Suk-geun said the initial 5GW phase
alone will cost $350bn including equipment. The company aims to close a first
external funding round by year-end or early 2027 and to continue raising capital
over the next three to four years. SK plans to share construction costs with
data-centre tenants and external investors, amid a global AI infrastructure
buildout despite market demand concerns.
