Hyundai Motor Group and South Korea on Friday signed a deal to invest about 9 trillion won ($6.26 billion) to build an AI data centre, a robot manufacturing factory and other developments in the country’s western coastal region, the land ministry said.
Hyundai Motor Group to invest about 5.8 trillion won to build an AI data centre, which will deploy 50,000 graphics processing units, the ministry said. The group will spend 400 billion won on a factory to produce robots, including wearable ones. The group will invest 1 trillion won in hydrogen production facilities, another 1.3 trillion won in solar generation. Saemangeum is a massive national land reclamation project that began more than 20 years ago on the country’s west coast, partly to secure farmland and later to bring industrial clusters to a region that had long been considered disadvantaged. The Jeolla provinces where the area is located, has been a traditional support base for the country’s political liberals, including South Korean President Lee Jae Myung’s Democratic Party.
