# SK Hyper seeks $350 billion for South Korea's AI data center

> SK Hyper aims to raise $350 billion for South Korea's largest AI data center buildout by 2035.
- Title: SK Hyper seeks $350 billion for South Korea's AI data center
- Summary: SK Hyper aims to raise $350 billion for South Korea's largest AI data center buildout by 2035. SK Hyper plans to secure $350 billion for AI infrastructure in…
- Keywords: sk hyper, ai data center, south korea, sk group, ai infrastructure, 350 billion, 5 gigawatts, 2035, blackstone, chung suk-geun, startups, business
- Source: Startup Fortune — https://startupfortune.com/sk-hyper-seeks-350-billion-to-fund-south-koreas-biggest-ai-data-center-bet
- Published: 2026-10-23T02:22:57+00:00
- Read time: 1 min
- Topics: sk hyper, ai data center, south korea, sk group, ai infrastructure, 350 billion, 5 gigawatts, 2035, blackstone, chung suk-geun, startups, business
## SK Hyper's $350 billion AI infrastructure plan
SK Hyper, the ai data center subsidiary of sk telecom within sk group, seeks $350 billion for ai infrastructure in south korea by 2035.

> according to a bloomberg report published on october twenty three
## First phase targets 5 gigawatts by 2029
The first phase covers 5 gigawatts of capacity, including equipment, with a goal of 15 gigawatts by 2035.

> chung suk-geun said the company aims to close its first round of external financing by the end of this year or early 2027
## Microsoft and Meta face investor backlash
Microsoft and meta saw stock drops after reporting ai capex pledges, with microsoft down 5% and meta down 9%.

> investors sold the stock down roughly five percent anyway fixated on a one hundred ninety billion ai capex pledge for 2026
## SK Hyper's project finance model
SK hyper uses project finance to bring in debt and equity, similar to blackstone's data center platform.

> it's the same model blackstone has used to grow its data center platform to one hundred eighty five billion dollars in value this year
## SK Group's broader ai investment strategy
SK group plans 1,000 trillion won ($648 billion) in ai data centers by 2035, with 3 million GPUs.

> sk group's chairman chey tae-won has talked about an investment path of roughly one thousand trillion won
## SK Hyper's competitive edge
SK hyper targets 5 gigawatts operational by 2029, positioning south korea as an ai infrastructure exporter.

> sk hyper is the much bigger vehicle its target is harder too five gigawatts operational by 2029 fifteen by 2035
## Key takeaway

SK Hyper plans to secure $350 billion for AI infrastructure in South Korea by 2035, targeting 15 gigawatts of capacity.