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Breaking News

Billionaire Chey’s SK Team Allies With Amazon To Construct A $5 Billion AI Information Facility In Korea

Asia Business News
Last updated: July 6, 2025 7:19 pm
By Asia Business News
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Chey Tae-Won, Chairman of SK Team.

Seongjoon Cho/Bloomberg

South Oriental billionaire Chey Tae-Won’s SK Team has actually partnered with Amazon Internet Provider, Amazon’s cloud solutions department, to spend 7 trillion won ($ 5.1 billion) to develop an AI information facility in South Korea.

The nation’s scientific research division and ICT claimed in a declaration Friday that the AI information facility will certainly be situated in the southerly South Oriental city of Ulsan, the significant commercial center. The center will certainly start building and construction in September and be totally functional by very early 2029, with a capability of greater than 100 megawatts. The ministry included that AWS will certainly add $4 billion to the job.

In an additional declaration on Sunday, SK Team claimed the Ulsan information facility is a 15-year job in between semiconductor-to-feature business teams and AWS to sustain South Korea’s AI advancement via quick networks, progressed integrated circuit and reliable power systems.

Ulsan information facilities will certainly increase AI advancement, and his firm is “distinctly located” to satisfy the need for AI framework, SK Team Chairman Chey created in a LinkedIn blog post on Sunday.

” In the Ulsan AI information facility, this harmony will certainly be attained via SK Hynix’s high transmission capacity memory, SK Telecommunications and SK Broadband’s substantial functional experience, with SK Gas and SK Multi Unities sustaining steady power and framework– every one of which can be provided to AI Expectection Expectial Explicitial Explienty Extriptory Extriptory Exhey Flotefore.”

SK Team is among the Oriental business that have actually spent greatly in AI and associated framework. The team claimed in 2014 that it will certainly spend 82 trillion won by 2026 to high-bandwidth memory (HBM) chips, a vital part of AI chips, in addition to information facilities and customized AI aide solutions.

SK Team has actually additionally been purchasing AI start-ups, consisting of online search engine complication and video clip search business twelve laboratories, in addition to the surge of huge language version programmers in South Korea. At the same time, in 2014 its AI chip start-up Sapeon combined with its opponents right into a take care of an assessment merging of 1.3 trillion won.

Various other Oriental business signing up with the AI competitors consist of billionaire Kim Beom-Su’s Kakao. The web titan claimed previously this month that it would certainly spend regarding 600 billion won to develop an AI information facility in South Korea. It complies with Kakao’s collaboration with OpenAI, that includes an offer to make use of Chatgpt Manufacturer’s innovation to power its brand-new customized AI devices and collectively establish brand-new items customized to Oriental customers.

Extra from Forbes

Forbes South Korea’s AI chip champ is anticipated to damage down international particular niche markets undergo John Disadvantage Forbes Billionaire Chey’s SK sustains Oriental AI start-ups, eye working together in data sources, house devices and resorts undergo John Disadvantage Forbes South Korea’s Kakao accepts Openai to establish AI items undergo Zinnia Lee

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