Hyundai Motor advances $6.3 bil. AI hub in Saemangeum
Hyundai Motor Group said Friday it will set up two special purpose companies next month to build and operate an artificial intelligence (AI) data center in Saemangeum — a massive reclaimed coastal zone in southwestern Korea — accelerating its 9 trillion won ($6.3 billion) plan to turn the area into an advanced tech hub. Situated in North Jeolla Province roughly 200 kilometers south of Seoul,…
Hyundai Motor Group announced plans to establish two special purpose companies to construct and manage an artificial intelligence (AI) data center in Saemangeum, a sprawling reclaimed coastal zone located in southwestern South Korea. This ambitious project, part of Hyundai’s 9 trillion won ($6.3 billion) initiative, aims to transform the region into an advanced technology hub.
Situated in North Jeolla Province, approximately 200 kilometers south of Seoul, Saemangeum is a significant economic development area that was created by reclaiming tidal flats from the sea. The government-backed project is being developed as a strategic location for high-tech industry, renewable energy, and tourism.
Five subsidiaries of Hyundai Motor Group — Hyundai Motor, Kia, Hyundai Mobis, Hyundai Engineering & Construction, and Hyundai AutoEver — have finalized their investment decisions for the AI data center. Hyundai AutoEver, the company’s information technology and software affiliate, approved its involvement via a board resolution. One of the newly formed companies will focus on building the hyperscale data center and its supporting infrastructure, while the other will purchase the necessary equipment.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Hyundai Motor Group to establish two SPCs for AI data center project en.yna.co.kr
- Hyundai Motor advances $6.3 bil. AI hub in Saemangeum koreatimes.co.kr
