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Korea looks to plug into the global AI race with $5 billion Ulsan data center
In a bold play to secure Korea’s position among the global AI elite, President Lee Jae Myung kicked off his term with a visit to the launch site of a mega-scale AI data center — signaling that Korea’s next industrial revolution will be fueled by AI.
Lee also offered personal commendations, thanking Chey for “the bold investment in the AI data center in Ulsan” and praised Kakao’s Chung for “leading Korea’s industrial economy with exceptional skill.” The nearby SK Gas LNG cogeneration plant ensures a stable power supply — no small feat in an industry where electricity constraints are a chronic headache. The government sees this launch as a turning point, with broader plans to expand tax credits and other incentives to support the AI ecosystem nationwide.
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