October 29, 2026 Naver Corp.
Naver has signed a financing agreement with Brookfield for up to $9 billion, completing funding for a $10 billion expansion of its GAK Sejong data center into a 200MW AI factory, KED Global reported. The signing clears the condition for Nvidia's planned $1 billion equity investment in Naver,...
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October 24, 2026 Seoul
KT Cloud has started construction on a 50MW AI data center in Ansan, Gyeonggi Province, with completion targeted for 2029. The company announced the Ansan AI Data Center on Oct. 22. KT Cloud develops the facility on land it owns and will operate it. CJ Logistics' construction division won the...
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August 14, 2026 Naver Corp.
South Korean cloud provider Naver has invested in US-based offshore wave-powered data center startup Panthalassa.The investment aims to strengthen Naver’s position in next-generation AI data center technologies powered by renewable energy. The amount invested was not disclosed. Washington-based...
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August 01, 2026 Seoul
South Korean conglomerate LG will invest an additional 1.3 trillion won ($910 million) in its 200MW data center project in Paju, located about 19 miles (31km) north of Seoul, according to local reports. The new investment more than doubles LG’s previous commitment of 615.6 billion won ($441.7...
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June 16, 2026 Seoul
NFD Korea is planning a 300MW data center campus in Dangjin, a city south of Seoul. The 43,188 sqm (464,871 sq ft) facility will include six buildings, each with 50MW of capacity. The company has secured construction permits and a power agreement with Korea Electric Power Corporation, with...
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May 02, 2026 Naver Corp.
Cryptocurrency and HPC data center developer MARA Holdings has signed an agreement to acquire a 505MW combined-cycle gas turbine (CCGT) power plant in Hannibal, Ohio, along with more than 1,600 acres of land suitable for a large-scale data center campus. MARA will acquire the Long Ridge Energy...
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April 24, 2026 Naver Corp.
South Korean AI cloud company Naver has secured a 400 billion won ($270 million) loan from the country’s Public Growth Fund to support the development of its AI data center in Sejong. Approved by the Financial Services Commission (FSC), the financing will fund the expansion of Naver’s Sejong...
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December 09, 2025 Morocco
Helios Investment Partners and Fipar-Holding, a subsidiary of CDG Invest, this week announced the creation of 3MDC, a new digital infrastructure platform, as they have merged three Moroccan companies into a new IT services player.The new unit brings together three existing Moroccan players with...
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June 13, 2025 Morocco
Naver Cloud this week announced a partnership with Nvidia, Nexus Core Systems, and investment firm Lloyds Capital to build a 500MW AI data center in Morocco. The project aims to provide sovereign AI computing services throughout the EMEA region, which encompasses Europe, the Middle East, and...
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March 31, 2022 Seoul
Alibaba Cloud has announced the opening of a new data center in Seoul, South Korea. The company first revealed plans for a South Korean cloud region last year. It currently operates 82 Availability Zones and 26 regions across the globe. Alibaba’s head of Cloud Intelligence for Japan and Korea,...
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March 21, 2022 Seoul
Pacific Asset Management and Canada Pension Plan Investment Board have formed a joint venture for the sole purpose of developing a hyperscale data center in Seoul, South Korea. The two companies announced that they would be investing KRW 200 billion (US$164.4 million) to develop the largest...
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March 01, 2022 Seoul
Singapore’s SC Capital Partners (SCCP) has announced the launch of a new data center firm. The real estate investment firm says it will be developing hyperscale facilities across Asia. Zeus Data Centers, backed by SCCP, launched its website and social media pages in the summer. Reports show that...
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