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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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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