Investment and TradingComparison of Official Source Text and Major Media Reports
Sejong City and SK Securities sign KRW 7 trillion AI data center investment MOU
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.
VERIFIED FACTS
Key points identified in the original text
01October 8, 2026 MOU among Sejong City, SK Securities, Meteus Asset Management and Seed H
02Plan to invest KRW 7 trillion and pursue a 360 MW-class AI data center by 2029
03Sejong City plan for agency coordination and permitting support
04Plan to help resolve obstacles in securing land, power and water
05Exact site, project company, operator, end customer, financial close, power agreement, permits and groundbreaking unconfirmed
AI-DC KOREA ANALYSIS
Interpretation and the following points to verify
Cross-checking the Sejong City release with multiple major news reports confirms that the MOU was signed on October 8, 2026. The companies plan to invest KRW 7 trillion in a 360 MW-class AI data center by 2029, while the city pledged agency coordination, permitting support and help with land, power and water. This is an investment plan and administrative-support agreement; it does not prove final investment approval, financial close or drawdown, land rights, a KEPCO electricity-use agreement or grid connection, a water-supply agreement, a building permit, groundbreaking or commercial operation. Because the technical meaning of 360 MW was not disclosed, it is not classified as utility intake, IT Load, UPS capacity or currently available capacity. The project company, operator, end customer, exact site and parcels also remain unconfirmed. We therefore add only a city-level planned-site candidate and participant links, with no map pin because no official coordinates are available.
PRIMARY EVIDENCE