Amazon Just Bet $4 Billion on South Korea's AI Boom -- Here's Why It Could Be a Game-Changer
The announcement wasn't just corporate theater. South Korean President Lee Jae Myung and tech leaders showed up in force, signaling just how strategic this move could be for the country's long-term growth. President Lee pointed out that building next-gen tech infrastructure outside the capital is more than a regional development playit might be a template for the nation's high-tech decentralization. Chey, for his part, sees the AI race as a core pillar of Korea's future economic engine. If SK can deliver on the capacity, this site may serve as a launchpad for global AI trafficnot just domestic.
Investors were already connecting the dots. On Friday, AI-linked names rallied hard. SK Hynix (HXSCL) gained over 3%, Kakao popped 11%, and LG CNS surged 9%, lifting the KOSPI above 3,000 for the first time in over three years. The market response suggests traders aren't just excited about another data centerthey're betting this investment could be a catalyst for Korea's next AI leap.
This article first appeared on GuruFocus.
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