🇰🇷SK Hyper, SK’s data-center business, is negotiating financing for a 5-GW first phase estimated at $350 billion, including equipment.

SK Hyper is described as SK Group’s newly established data-center business, distinct from SK hynix’s memory operations. The supplied report, timestamped October 23, says it has begun discussions with major technology companies and financial investors.

Chief Executive Officer Chung Suk-geun put the cost of the first 5 gigawatts (GW) of data-center capacity at $350 billion, including equipment. The estimate applies to that initial phase, not to the entirety of the company’s stated 15-GW South Korean development plan through 2035.

Management aims to complete an initial external financing round by the end of 2026 or early 2027, followed by further fundraising over the next three to four years. These are financing targets, with no closed round, committed investor amount, or binding financing terms disclosed in the supplied report.

Chung said SK intends to share overall construction costs with data-center tenants and external investors. The source does not identify committed tenants, GPU quantities, secured power connections, or a phase-by-phase deployment schedule.