Hyundai Motor Group to invest $6.3 billion in AI data centre, robot factory in South Korea

SEOUL, Feb 27 (Reuters) – 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.

Here are some details* 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.

* Group will spend 400 billion won on a factory to produce robots including wearable ones.* Group will invest 1 trillion won in hydrogen production facilites, 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 a 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.

(Reporting by Hyunjoo Jin and Jack Kim Editing by Ed Davies)