Pohang AI Data Center: Hyundai Engineering & Construction Completes Main Contract and Begins Installation of Precast Concrete Structures

VERIFIED FACTS

Key points identified in the original text

AI-DC KOREA ANALYSIS

Interpretation and the following points to verify

We have merged the existing Pohang groundbreaking announcement and the Baxtel and Data Center Map candidates into the same physical site at the Gwangmyeong General Industrial Complex in Ocheon-eup. We have separately identified the 40 MW cited in Hyundai Engineering & Construction’s official announcement as power supply capacity, the 32 MW as IT load, and the PUE of 1.25 as a design target; these figures will not be converted to UPS capacity or current operational capacity. Construction commencement in June 2026, completion in November 2027, and operation in the second half of 2027 are the latest target dates. As this differs from the October 2027 commercial operation or first half of 2028 projections in existing public and media materials, the previous schedule has been retained in the change history. The Phase 2 expansion plan for 260 MW and the separate Pohang 2 candidate site are not included in the confirmed capacity for Phase 1. The company’s statement regarding the completion of permits and power procurement will also be maintained as a separate item requiring verification until the original documents from the building administration and KEPCO are confirmed.