Hyundai Motor Group to establish two SPCs for AI data center project

Hyundai Motor Group has announced plans to establish two special purpose companies (SPCs) to develop AI data centers as part of its strategy to expand into AI infrastructure. The automotive group, which includes affiliates such as Hyundai Motor, Kia, Hyundai Mobis, Hyundai Engineering & Construction, and Hyundai AutoEver, will participate in the investment.

One SPC will focus on data center construction and infrastructure development, while the other will handle graphics processing unit (GPU) services. The group intends to break ground on the project in the Saemangeum reclaimed land area in Gunsan, approximately 200 kilometers southwest of Seoul, in March 2027, with commercial operations expected to commence early in 2030.

This announcement follows Hyundai Motor Group Vice Chairman Chang Jae-hoon's recent visit to Saemangeum, where he reaffirmed the group's commitment to invest 9 trillion won ($6.7 billion) in the region and outlined plans to transform the area into a hub for AI data centers, robotics, and hydrogen-related industries as part of the group's broader strategy.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.