SC Capital Partners has invested in NeoAI Cloud’s 40MW data center in Pohang, South Korea, alongside government-backed investors. Construction has begun, with completion targeted for late 2027. The facility will support AI workloads with liquid cooling design
ed for Nvidia Vera Rubin systems. The investment amount remains undisclosed.
Jonathan Yongwan Jo, CEO of NeoAI Cloud, said: “We are pleased to secure this investment from SC Capital Partners, a leading investment firm in Asia Pacific real estate and digital infrastructure. The Pohang AI data center is envisioned to go beyond traditional colocation by leveraging high-density infrastructure space integrated with GPUaaS (GPU-as-a-Service) and AI platform capabilities to provide a high-performance foundation for global enterprises to develop AI models and operate services. Building on the successful delivery of this initial 40MW phase, we plan to advance a second phase expansion of 260MW and look forward to a continued partnership with SC Capital Partners.”
Suchad Chiaranussati, chairman and founder of SC Capital Partners, added: “We are excited to complete this investment, which represents our continued expansion into digital infrastructure in Asia Pacific. The development benefits from strong underlying fundamentals and is well positioned to serve the evolving requirements of the digital economy. We remain focused on identifying high-quality opportunities, particularly in South Korea, where strong policy support for AI and digital infrastructure is contributing to a favorable environment for the sector, and working with experienced local partners to deliver investments that create long-term value for our investors.”
SC Capital Partners launched its data center venture Zeus with Abner Investments in 2023. In August, Zeus signed an MoU with SoftBank subsidiary SB Telecom Singapore and Malaysian consultant Robust HPC to develop data centers across Southeast Asia.
