Hardware & Compute23 October 2026, 11:02 UTC1 min read

SK Hyper seeks $350B to fund 5GW AI data center buildout in South Korea

SK Hyper Co., the AI data center unit of SK Telecom, is in talks with tech companies and financial investors to secure $350 billion, equivalent to roughly 462.91 trillion won, CEO Jung Suk-keun told Bloomberg. The proposed figure covers equipment costs and the initial 5-gigawatt phase of a planned 15-gigawatt buildout in South Korea targeted for completion by 2035. The sum reflects an estimated…

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Key points

SK Hyper is seeking $350 billion to fund a 5-gigawatt AI data center phase in South Korea.
The project is part of a planned 15-gigawatt infrastructure buildout aimed for completion by 2035.
Fundraising will begin between late this year and early next year, with investment paced by demand.

SK Hyper plans to raise an initial round of outside capital between late this year and early next year, with further fundraising planned over the following three to four years. The company intends to split costs with data center tenants and external investors. Jung acknowledged that investor sentiment has cooled due to concerns over AI profitability and data center credit risk, noting that SK Hyper will pace investments according to actual demand.

Full story from vectorwire.ai · by Vector Wire · via Reddit AI communitiesOpen source ↗