SK Telecom AI CIC head and SK Hyper CEO Seok-geun Jeong said the company is in talks with tech firms and financial investors to raise about $350 billion for the first 5GW phase of a plan to build 15GW of data center capacity in South Korea by 2035, with external funding expected to begin in late 2026 or early 2027 and revenue generation as early as 2027.