logo
SK, AWS to build S. Korea's largest AI data center

SK, AWS to build S. Korea's largest AI data center

Korea Herald16-06-2025
SK Group, a South Korean chip-to-construction conglomerate, said Monday it plans to build the country's largest artificial intelligence data center in partnership with Amazon Web Services, Inc.
The two companies are expected to launch the project later this month and hold a groundbreaking ceremony in August, according to industry sources.
"They have been working on the project, but the exact timeline and other details have yet to be finalized," an SK Group spokesperson said.
The facility will be located in the Mipo industrial complex in Ulsan, 305 kilometers southeast of Seoul. It will house 60,000 graphics processing units and have a power capacity of 100 megawatts, making it the country's first AI infrastructure of such scale, the sources said.
Ryu Young-sang, chief executive officer of SK Telecom Co., had announced the company's plan to build a hyperscale AI data center equipped with 60,000 GPUs in collaboration with a global tech partner, during the Mobile World Congress 2025 held in Spain in March.
SK Telecom plans to invest 3.4 trillion won ($2.49 billion) in AI infrastructure by 2028, with a significant portion expected to be allocated to the data center project.
AWS, a subsidiary of Amazon, provides on-demand cloud computing platforms and application programming interfaces to individuals, businesses and governments on a pay-per-use basis. (Yonhap)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Winners in Second Annual Stevie® Awards for Technology Excellence Announced
Winners in Second Annual Stevie® Awards for Technology Excellence Announced

Korea Herald

time8 hours ago

  • Korea Herald

Winners in Second Annual Stevie® Awards for Technology Excellence Announced

Winners to Be Celebrated at a Ceremony in New York on September 16 FAIRFAX, Va., July 29, 2025 /PRNewswire/ -- Winners in the 2025 (second annual) Stevie® Awards for Technology Excellence were announced today. The awards celebrate the remarkable accomplishments of individuals, teams, and organizations shaping the future of technology across all industry sectors. Individuals and organizations worldwide are eligible to enter - public and private, for-profit and non-profit, large and small. Among the organizations with multiple Stevie Award wins are Amazon / Amazon Web Services (27), Meta (19), Cisco (14), IBM (12), Microsoft (9), Walmart (8), JPMorganChase (7), Salesforce (7), Cognizant (6), Google (6), Gov2Biz Inc (6), Oracle (6), Alliant (5), Apple (5), BostonGene (5), Encora (5), and Epique Realty (5). For a full list of winners by category, visit Winners will be celebrated during a gala awards banquet on Tuesday, September 16 at the Marriott Marquis Hotel in New York City. Tickets are now on sale. The presentations will be broadcast live. More than 1,500 nominations from organizations in 36 nations and territories were evaluated in this year's competition. Winners were determined by the average scores of more than 160 professionals worldwide, acting as judges. The Stevie Awards for Technology Excellence recognize achievement in many facets of the workplace. Categories are grouped in 20 technology-industry sections: The awards are presented by the Stevie Awards, organizer of nine of the world's leading business awards shows including the prestigious International Business Awards® and American Business Awards®. About the Stevie Awards Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Technology Excellence, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at .

Tax authorities launch investigation into Hybe amid insider trading allegations against chairman Bang Si-hyuk
Tax authorities launch investigation into Hybe amid insider trading allegations against chairman Bang Si-hyuk

Korea Herald

time12 hours ago

  • Korea Herald

Tax authorities launch investigation into Hybe amid insider trading allegations against chairman Bang Si-hyuk

National Tax Service probe follows recent police raid of K-pop powerhouse over alleged capital market violations Hybe, the entertainment giant behind K-pop phenomenon BTS, is now under investigation by the country's tax authorities, following a police raid last week over allegations that Chairman Bang Si-hyuk violated capital market laws. According to a local report Tuesday, National Tax Service officials were dispatched to Hybe's headquarters in Seoul to secure documents and financial records. The investigation is being led by the NTS' 4th Bureau of Investigation at the Seoul Regional Tax Office — a division typically responsible for special or irregular audits. Earlier the same day, the NTS announced in a briefing that it had launched tax probes into 27 individuals and entities suspected of stock market manipulation and tax evasion, with Hybe among them. The total scale of the suspected tax evasion is estimated at around 1 trillion won ($718.7 million). 'Unfair practices in the stock market have caused both domestic and global investors to lose confidence in Korea's financial system,' the agency said. 'This has deepened the so-called 'Korea Discount' and contributed to the nation's sluggish economic growth. We will thoroughly investigate tax evasion tied to capital market disruptions.' This marks the first time Hybe has faced a tax audit since 2022, when the Seoul tax office conducted a regular investigation and imposed a multi-billion-won penalty on the company. The new probe comes just days after police raided Hybe as part of a separate investigation into Bang. Authorities are probing allegations that Bang misled existing investors in 2019 by claiming the company had no plans for an initial public offering, only to later proceed with one. He is suspected of encouraging those investors to sell their shares to a private equity fund with which he was personally affiliated. According to South Korean financial regulators, Bang ultimately received 30 percent of the fund's resale profit following the IPO, allegedly pocketing roughly 190 billion won in unjust gains.

Seoul shares hit 4-yr high despite US tariff uncertainty
Seoul shares hit 4-yr high despite US tariff uncertainty

Korea Herald

time14 hours ago

  • Korea Herald

Seoul shares hit 4-yr high despite US tariff uncertainty

South Korean stocks climbed to the highest level in nearly four years Tuesday, buoyed by strong foreign buying, as last-minute negotiations are under way between Seoul and Washington over the Donald Trump administration's aggressive tariff scheme. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 21.05 points, or 0.66 percent, to close at 3,230.57, extending its winning streak to a fifth session. The reading marks the highest level since Aug. 19, 2021, when the index finished at 3,243.19. Trade volume was moderate at 369.74 million shares worth 12.66 trillion won (US$9.09 billion), with winners beating losers 468 to 409. The index opened lower as investors await key developments in tariff talks, with just three days remaining until the Aug. 1 deadline for a deal before the US starts imposing reciprocal tariffs, including a 25 percent duty for South Korea. The Kospi soon turned higher on the back of solid foreign buying and maintained the momentum. Offshore and institutional investors bought a net 604.78 billion won and 116.98 billion won worth of shares, respectively, while retail investors sold a net 827 billion won. "The domestic stock market is expected to continue showing sectoral divergence amid a wait-and-see stance ahead of a tariff deal," said Han Ji-young, a researcher at Kiwoom Securities. Finance Minister Koo Yun-cheol said that he would try to derive a "mutually beneficial" agreement with the United States as he left for Washington to meet with Treasury Secretary Scott Bessent on Thursday (US time). Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo continued to engage in intensive negotiations with their US counterparts, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer. Most big-cap shares gathered ground. Market bellwether Samsung Electronics rose 0.28 percent to 70,600 won, while chip giant SK hynix added 0.19 percent to 262,500 won. Major battery maker LG Energy Solution surged 3.02 percent to 392,000 won, and leading pharmaceutical firm Samsung Biologics advanced 1.97 percent to 1.09 million won. Defense giant Hanwha Aerospace soared 4.72 percent to 998,000 won, and nuclear power plant manufacturer Doosan Enerbility climbed 2.52 percent to 65,100 won. Top financial firm KB Financial went up 0.72 percent to 111,300 won. Carmakers ended mixed. Top automaker Hyundai Motor shed 0.23 percent to 218,000 won, while its sister Kia gained 0.19 percent to 105,700 won. Leading shipbuilder HD Hyundai Heavy jumped 1.94 percent to 473,500 won, while its rival Hanwha Ocean lost 0.82 percent to 96,800 won. The local currency was quoted at 1,391.0 won against the greenback at 3:30 p.m., down 9.0 won from the previous session. (Yonhap)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store