NEWS & INSIGHT
Hyundai Steel launched H ONE, combining rolled and built-up H-beams, and outlined a structural-steel offering for the heavy-load, large-section and non-standard size requirements of AI data centers.
LG Electronics USA signed a definitive long-term agreement with AIR Control Concepts to supply high-efficiency chillers to AI data centers in the United States and Canada. The 5 GW figure is the aggregate scale of the supported data center portfolio, not cooling capacity or secured power in Korea.
Sejong City signed an MOU with SK Securities, Meteus Asset Management and Seed H to pursue a 360 MW-class AI data center by 2029. The investment plan and administrative support pledge are confirmed, but they do not mean that land, power, water or permits have been secured.
Hyundai Steel launched H ONE, combining rolled and built-up H-beams, and outlined a structural-steel offering for the heavy-load, large-section and non-standard size requirements of AI data centers.
Hyundai Steel official newsroomSejong City signed an MOU with SK Securities, Meteus Asset Management and Seed H to pursue a 360 MW-class AI data center by 2029. The investment plan and administrative support pledge are confirmed, but they do not mean that land, power, water or permits have been secured.
Sejong City-provided release cross-checked with Yonhap and NewsPimLG Electronics USA signed a definitive long-term agreement with AIR Control Concepts to supply high-efficiency chillers to AI data centers in the United States and Canada. The 5 GW figure is the aggregate scale of the supported data center portfolio, not cooling capacity or secured power in Korea.
Cross-check of official releases from LG Electronics Korea, LG Electronics USA and AIR Control ConceptsSejong City and Actis Korea signed an investment MOU for a 100 MW-class AI data center on about 130,000 square metres in Sejong. It is recorded separately from the 360 MW agreement because the parties, scale and announcement date differ, without treating the site, power or permits as secured.
Cross-check of Sejong-provided release and major media including YonhapDonghae City granted a building permit for the first 100MW-class building in the AI data center campus at Bukpyeong 2nd General Industrial Complex. We update the long-term plan to the construction-preparation stage while distinguishing it from secured power and completed construction start.
Donghae City official press release cross-checked with major mediaLG Electronics will build an air-cooled chiller plant for AI data centers in Virginia and expand its Pyeongtaek and Changwon production lines. This indicates added manufacturing capacity, not a supply contract for a specific data center.
LG Group official newsroomLS ELECTRIC disclosed a contract to supply its U.S. subsidiary with extra-high-voltage transformers for North American hyperscale AI data-center power infrastructure. It is a new order with a different value and term from the August contract.
Cross-check of FSS DART and LS ELECTRIC-supplied announcementHanshin E&C, Jeongdo and ZYX Technology agreed to jointly develop an integrated BIM, AI-design and digital-twin solution linking data-center design, fabrication, construction and maintenance data.
Hanshin-provided announcement cross-checked with Electronic Times and Korea Economic DailyHyundai Engineering has won the Phase 1 AI data center construction project in Bieungdo-dong, Gunsan. It is merged into the existing SGC Gunsan site as construction-contract progress; the October groundbreaking remains a target.
Hyundai Motor Group NewsroomLG Electronics has been listed as a Preferred Partner in the Power and Cooling category of the NVIDIA Partner Network. This signals an expansion of opportunities for engagement during the early stages of design and is distinct from supply contracts for individual project sites.
Comparison of LG Electronics’ press release and LG’s official DSX Ready materialsThe two companies have signed a memorandum of understanding (MOU) to jointly develop refrigerants and refrigeration oils and to expand the application of liquid immersion cooling. This is technical development news related to the selection of cooling media for data centers and the review of equipment compatibility.
LG Official NewsroomIt has been confirmed that Woori Financial Group has signed a project finance (PF) agreement for the Pohang AI Factory data center, and that NHN Cloud has committed to a preliminary lease for 16 MW of IT load and is scheduled to take over operations upon completion.
Comparison of Woori Financial Group’s Announcement and Newsis ReportsLG Electronics’ official Korean announcement highlighted the DSX Ready certification for its 2.5 MW-class cooling water distribution unit (CDU). Here, MW refers to cooling capacity, which is different from the power supply capacity at the site.
LG Official NewsroomLG Energy Solution announced that its LFP-based JF2 AC Link BESS has received DSX Ready certification. This is a product-specific technical update highlighting features designed to mitigate AI load fluctuations and enhance grid responsiveness.
LG Official NewsroomHyundai Engineering & Construction has finalized the main contract for the construction of a new AI data center at the Gwangmyeong Industrial Complex in Pohang and has begun installing precast concrete (PC) structural elements, officially confirming the construction progress and standards for power, IT load, and design efficiency.
Hyundai Engineering & Construction NewsroomLG Electronics has unveiled an air-cooled, oil-free inverter turbo chiller that combines magnetic levitation bearings, refrigerant-based pre-cooling, and a modular piping package, designed to meet the cooling demands of AI data centers.
Cross-reference with LG Electronics press releases and official product documentationGS announced its plan to invest approximately 15 trillion won in the 1.2 GW Phase 1 AI data center in Donghae, using a combination of project financing (PF) and equity capital, and confirmed the project operator for GS AI Infrastructure.
Financial Supervisory Service Electronic Disclosure System (DART)Hanwha Ocean announced that it will unveil a 60MW-class floating data center model—which combines offshore power generation, seawater cooling, and a modular design—for the first time at Gastech 2026.
Comparison of Hanwha Ocean’s Press Release with Major Domestic Media ReportsIt has been confirmed that a building permit application for a large-scale data center in Block 7 of the Oryong District is currently under review, and Muan County plans to gather residents’ opinions before deciding whether to grant the permit.
Comparison of the Muan County Council’s Official Resolution and KBC Gwangju Broadcasting’s Follow-up ReportSK Chairman Choi Tae-won announced that discussions with global big tech companies regarding the 1GW expansion of the Ulsan AI data center have progressed to include an additional 900MW.
Electronic Times Report on On-Site RemarksSGC Energy’s board of directors has approved a resolution to invest 86.9 billion won in the tentatively named “SGC-KIS No. 1 Private Investment Partnership” to structure the financing for the first phase of the Gunsan AI data center.
Comparison of SGC Energy’s Official Company News and DART FilingsSouth Chungcheong Province and Dangjin City signed an investment agreement with EFD and NFD Korea for a 100 MW AI data center worth 1.2405 trillion won, and official documents confirm that the project is currently in the stage of submitting a power system impact assessment and proceeding with building permits.
Comparison of South Chungcheong Province’s Official Press Release and NFD Korea’s Official AnnouncementGangwon Special Self-Governing Province announced that Shinsegae is considering investing in the Chuncheon Water-Heat Energy Convergence Cluster and is currently in discussions. The tenants, plots, power supply, and project operator have not yet been determined.
Comparison of the Gangwon Special Self-Governing Province Governor’s Press Conference, Yonhap News, and Chuncheon City’s PlanGangwon Special Self-Governing Province has announced that it is in discussions with KT regarding the construction of an AI data center in Wonju. This is an early stage of the recruitment process, and the final investment, project site, power supply, and permits have not yet been confirmed.
Comparison of the Gangwon Special Self-Governing Province Governor’s Press Conference and Yonhap News reportsGS E&C, LG Uplus, Zai C&A, Gansam Architects & Partners, and D&O CM are jointly developing and commercializing a standard prefabricated modular data center model tailored to the domestic environment.
Comparison of Announcements by GS E&C and LG Uplus vs. The Kyunghyang ShinmunEllis Group has submitted an amended securities registration statement, pushing back the schedule for institutional bookbuilding and the public subscription by about two weeks. This is not yet seen as the completion of the public offering or the execution of AI infrastructure investments.
Financial Supervisory Service (FSS) DART Amended Securities Registration StatementLotte Innovate has been awarded a contract to manage the data center currently under development by Aegis Asset Management in Choji-dong, Ansan. This project has been merged with the existing Baxtel site, and the contract has been divided into two parts: the construction phase and the post-completion operations phase.
Comparison of Lotte Innovate’s Announcement, Yonhap News, and The Korea Economic DailyLS ELECTRIC and KT Cloud have signed a Memorandum of Understanding (MOU) to form a strategic partnership for the design and supply of power equipment for a new AI data center and for joint research on power solutions for modular data centers.
Official Announcement from LS Group and LS ELECTRICDoosan Fuel Cell has officially announced that it has signed a 501.4 billion won contract with Hi-Exium to supply phosphoric acid fuel cell systems and will sequentially deliver products for U.S. AI data centers from the second half of 2026 through the first half of 2028.
Doosan Newsroom · Doosan Fuel CellGaon Cable announced that, based on its experience supplying North American semiconductor factories, it is expanding the application of its low-friction power distribution cables to AI data centers and strengthening its bus duct, low-voltage, and medium-voltage cable product lines.
LS Cable Official NewsroomThe Korea Institute of Civil Engineering and Building Technology (KICT) has officially announced a plan to transition to a new construction production system that integrates standard design, modular and OSC (Off-Site Construction) methods, and R&D in mechanical systems, cooling, power, and design automation to improve the speed and quality of supply for high-density, high-heat-generating AI data centers.
Korea Institute of Civil Engineering and Building TechnologyJDC announced that it is conducting a planning study for a government-led AI data center in collaboration with Jeju Province and Jeju Technopark, and is reviewing the Second High-Tech Science and Technology Complex as a potential site. The organization plans to finalize the government budget and private-sector participation structure following the release of the results in November.
JDC Chairman’s Press Conference · NewsPimEllis Group has announced plans to position its modular data center, AI PMDC, and GPU/NPU cloud infrastructure as its core businesses, and to invest the proceeds from its IPO in the second half of the year into expanding domestic AI infrastructure.
Comparison of Ellis Group’s Official IPO Announcement and Yonhap News InterviewIt has been confirmed that Shinsegae Group has established two new entities, SSG AI KOREA and SSG AI DC, and has set up a corporate structure for the investment, development, and operation of AI data centers.
Comparison of Official Announcements by Yonhap Infomax and Shinsegae GroupAt a corporate briefing on August 27, 2026, C-Lab unveiled its strategy for the second half of the year, which includes strengthening its dedicated AI data center organization and expanding its GPU resource management software and technical services business.
Comparison of CILab’s Corporate Briefing and ZDNet KoreaThe Ministry of Climate, Energy, and Environment held the first meeting of an industry-academia-research task force to develop an AI data center grid code that reflects the characteristics of the domestic power grid by the end of the year.
Republic of Korea Policy Briefing · Ministry of Climate, Energy, and EnvironmentIn a corrective disclosure by DL E&C, details regarding the revised contract amount, project site, planned IT load, and contract period for the Gimpo ICN11 project—commissioned by Digital Seoul 2—were confirmed.
Korea Exchange (KRX), KIND, and Koscom DisclosuresSK Telecom has officially announced that it will spin off SK Broadband’s data center and submarine cable businesses through a spin-off to establish SK Horizon and attract equity investment from the KKR-IMM consortium.
SK Telecom NewsroomAt a policy forum hosted by the Korea Internet Enterprise Association, industry opinions calling for clarification on the scope of tax credits for power, HVAC, and cooling systems in AI data centers, as well as for cloud business facilities and investments in the Seoul metropolitan area, were presented alongside the government’s responses.
Policy Brief by the Korea Internet Enterprise AssociationSGC AI Infrastructure has signed an investment agreement with Jeonbuk Province, Gunsan City, and the Korea Industrial Complex Corporation to build an AI data center in the Gunsan National Industrial Complex No. 2.
Comparison of Gunsan City’s announcement and Yonhap News reportsLS ELECTRIC announced a contract worth 230.85 billion won to supply power equipment for a Big Tech data center, signed with its U.S. subsidiary.
Financial Supervisory Service (FSS) DARTAlibaba Cloud has officially announced the launch of its third data center in South Korea and the expansion of its infrastructure in the South Korea region.
Official Announcement from Alibaba CloudIn its second-quarter earnings announcement, NHN officially announced plans to secure a new AI data center to meet growing demand for GPUs.
INSIDE NHNIn a board-related announcement, LG Uplus disclosed that the investment for Phase 2 of the Paju AI Data Center construction amounts to approximately 1.3 trillion won.
LG U+ NewsroomSouth Gyeongsang Province, Changwon City, Dinotisia, Dinocore, and Shinwa Steel have signed an investment agreement to build an AI data center dedicated to the defense industry in Palyong-dong, Uichang-gu, Changwon.
Comparison of Announcements by South Gyeongsang Province and Yonhap NewsSK Telecom has signed an MOU with Anthropic to collaborate on a GW-class AIDC in Korea and is also working with AWS to expand its presence in key domestic locations based on its experience in Ulsan.
SK Hynix NewsroomThe two companies have agreed to jointly develop an 800V DC-based next-generation power system that reduces the number of power conversion stages, along with data analysis and diagnostic technologies.
LG U+ NewsroomReports indicate that a facility in the Seoul metropolitan area, which lost its right to pay in installments due to non-payment of the land balance, is pursuing a conversion to a main project financing (PF) structure with a new investor based on a 20 MW electricity supply contract.
Invest ChosunConstruction has begun on the first phase of a 40-MW AI data center in Pohang, and the total private investment has been announced at approximately 2 trillion won.
Metro NewsThe government has outlined a plan to overhaul the power supervision system—including improvements to power grid technical standards and a verification system for compliance—in response to large-scale loads and the increase in distributed energy resources.
Ministry of Climate, Energy, and EnvironmentSK Telecom announced a plan to begin with the Ulsan No. 1 Center, gradually rolling out 5 GW of domestic capacity starting in 2029 and expanding to 15 GW by 2035.
SK Telecom NewsroomRelevant government agencies have designated AI data centers as one of the nation’s three major megaprojects, alongside semiconductors and physical AI, and have announced plans to provide support for power, water, and land.
Ministry of Climate, Energy, and EnvironmentAn agreement has been signed to ensure the stable supply of emergency generators and core power equipment for future AI data centers, including the Paju AI Data Center.
LG U+ NewsroomLG Uplus announced that it confirmed an approximately 24% improvement in energy efficiency compared to air cooling through the D2C liquid cooling design and its own pilot test at the Paju Center.
LG U+ NewsroomMarket analysis indicates that while large construction firms and global investors are integrating design, power, cooling, and the main project finance (PF), an increasing number of mid-sized operators are remaining at the bridge financing stage.
IB Tomato·Daum NewsNHN has officially announced the launch of its water-cooled B200 GPU infrastructure in the Seoul-Yangpyeong region and its plans to build the B300 facility at the Gwangju National AI Data Center.
INSIDE NHNDigital Realty has officially announced a case study detailing its support for Samsung Electronics’ enterprise IT infrastructure colocation at ICN10 in Seoul.
Official Announcement from Digital RealtyKoramco Asset Trust announced that it has completed a 70 billion won capital increase for Koramco Asset Management and will expand investments in digital infrastructure, such as data centers.
Koramco Asset TrustMacquarie Infrastructure Fund and Gabia have agreed to jointly invest approximately 600 billion won over the next 4 to 6 years to develop a platform for data centers with a capacity of 100 MW or more in South Korea.
Macquarie Asset ManagementLG Uplus has officially unveiled the design, cooling, and power stabilization technologies, as well as the operational strategies, that it will implement at its Paju AI data center.
LG U+ NewsroomIn its annual earnings report, NHN announced that it is in the process of building a single cluster of over 4,000 B200 GPUs and a water-cooled system in the Yangpyeong region of Seoul.
INSIDE NHNAccording to industry reports, a consortium consisting of Koramco Asset Management and NH Investment & Securities has been selected as the preferred bidder for a 100MW-class project site near Rhythm City in Uijeongbu.
Korea Data Center Association NewsletterIt has been reported that construction has begun on an AI data center project in Danggu-dong, Wonju, comprising three 40-MW buildings and operational and support facilities.
Korea Data Center Association NewsletterSK Telecom has unveiled a roadmap to expand the Ulsan AIDC to a 1 GW scale and replicate the model at key domestic locations based on energy-specialized solutions.
SK Telecom NewsroomHyundai Engineering & Construction announced the completion of the Yongin Jukjeon Hyperscale Data Center, revealing that it consists of two buildings with a power supply capacity of 100 MW and an IT load of 64 MW.
Announced by Yonhap News and Hyundai Engineering & ConstructionDigital Edge has officially announced the launch of the 36MW SEL2 data center, which is the first phase of a campus with a capacity of over 100MW.
Digital Edge NewsroomKINX received approval for the completion of its Gwacheon Data Center on August 21, 2024, and announced plans to launch services in October following equipment stress tests.
KINX IRActis announced the launch of an Asian data center platform with approximately 200 MW of IT capacity, comprising development projects in South Korea, Taiwan, and Malaysia.
ActisThe Ministry of Trade, Industry and Energy announced the enforcement of the Special Act on the Promotion of Distributed Energy and the implementation of the power system impact assessment system for power-consuming facilities with a contracted power capacity of 10 MW or more.
Ministry of Trade, Industry and EnergyNaver announced the start of operations at its Sejong facilities, revealing that they are designed to accommodate up to 600,000 server units and handle up to 270 MW of power intake.
Official Announcement from NAVERLG Uplus announced the completion of its Pyeongchon 2 Center, which has a total floor area of 40,450 square meters and can accommodate more than 200,000 servers.
Official Announcement from LG UplusKakao has officially announced the completion of construction and held a completion ceremony for its first in-house data center in Ansan, which broke ground in 2021.
Official Announcement from KakaoThe Ministry of Trade, Industry and Energy has announced guidelines to support the decentralization of data center locations in order to reduce the burden on transmission and distribution networks caused by the concentration of data centers in the Seoul metropolitan area.
Ministry of Trade, Industry and EnergyLG Uplus has unveiled the high-efficiency cooling and eco-friendly construction plans for its Pyeongchon 2 Center, which has a total floor area of 40,450 square meters.
Official Announcement from LG UplusDigital Realty has officially announced the opening of ICN10, Korea’s first carrier-neutral data center, in Sangam, Seoul.
Digital Realty NewsroomKakao has begun construction on its first in-house data center and industry-academia collaboration facility at Hanyang University’s ERICA Campus.
Official Announcement from KakaoWe have organized the necessary documents and company procedures step by step, from the notice of intent through technical review, power system impact assessment, contract signing, and power connection.
We prioritize verifying original sources from government and public agencies as well as operators. Duplicate entries from the same announcement are consolidated, and subsequent announcements regarding contracts, construction, and operations are recorded as change history. We distinguish between MOUs, plans, groundbreakings, completions, and operations; the number of posts does not represent the total number of data centers nationwide. When a new source document is confirmed, we add the actual text rather than simply updating the date.
