Investment and TradingOfficial Source Text
GS Issues Corrected Disclosure on Investment and Procurement Plan for Phase 1 of the Donghae AI Data Center
GS 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.
VERIFIED FACTS
Key points identified in the original text
01September 14, 2026: Amended Disclosure of Future Business and Management Plans
02GS AI Infrastructure Confirmed as the Operator of the Donghae AI Data Center Project
03Phase 1: 1.2 GW, approximately 15 trillion won investment plan; funding to be secured through project financing (PF) and equity capital
04Plans to proceed with site acquisition, permitting, and power supply procurement in 2026; phased completion scheduled to begin in 2028
AI-DC KOREA ANALYSIS
Interpretation and the following points to verify
This corrective disclosure constitutes a substantive change to the existing 2.4 GW Donghae long-term plan, as it adds details regarding the Phase 1 investment amount, financing method, project entity, and implementation sequence. The approximately 15 trillion won represents the Phase 1 infrastructure investment plan and does not constitute the amount of project finance (PF) loans that have been signed or drawn down. The equity ratio of approximately 20% is also subject to change, and the roughly 3 trillion won derived from a simple calculation of this figure should not be recorded as a confirmed capital contribution. The statement that procedures for site acquisition, permits, and power supply will be pursued during 2026 does not imply the completion of each procedure. The figures of 1.2 GW and 2.4 GW total remain planned capacities for power supply, IT load, and UPS, as the specific criteria have not been disclosed. The phased completion starting in 2028 is a tentative schedule linked to customer contracts and should not be interpreted as confirmation of lease agreements, groundbreaking, or project completion.
PRIMARY EVIDENCE