Chungnam Secures Two Additional AI Data Centers... 2.55 Trillion Won Investment
MOU Signed with Six Companies in Asan, Nonsan, and Yesan: 1,065 New Jobs Created
Accelerating the "Advanced Industrial Belt" from Semiconductors and Secondary Batteries to Autonomous Driving
Chungnam Province has secured large-scale investments totaling 2.5 trillion won, including two AI data centers, thereby expanding the practical foundation for an "AI Grand Transformation."
This investment agreement is expected to accelerate the advancement of the region's industrial structure by creating more than 1,000 jobs.
On March 30, Chungnam Province held an investment agreement (MOU) ceremony in the main conference room of the provincial government building, attended by Governor Kim Tae-heum, Asan Mayor Oh Se-hyun, the heads of three cities and counties, and representatives from six companies.
According to the agreement, DNR Partners and Maltani will each establish AI data centers with capacities of 100 MW and 80 MW, respectively, in the Umbong area of Asan. The combined investment from the two companies will total 2.35 trillion won, with the creation of 500 new jobs.
Additionally, XRBY will relocate its secondary battery and vanadium battery production facility, and Sodis will move its AI autonomous bus manufacturing facility to the Baebang Smart Complex Green Industrial Zone in Asan. These companies plan to invest 100 billion won and 45 billion won, respectively, creating a total of 350 jobs.
In Nonsan, Farminder will invest 39.7 billion won to build a food drying and processing facility, while in Yesan, MS Materials will establish a special gas plant for semiconductor processing.
The total investment from all six companies amounts to 2.5547 trillion won, with 1,065 new jobs to be created.
Governor Kim Tae-heum stated, "This investment is not simply about building new factories, but marks a turning point in making Chungnam's industries more advanced." He added, "We will proactively secure future growth engines through the expansion of AI-based industries."
He further emphasized, "We will provide full support to ensure that anyone investing in Chungnam will certainly succeed."
Hot Picks Today
Even Record Earnings from Samsung and SK Hynix Can't Strengthen the Won... How High Will the Soaring Exchange Rate Go? [Weekend Money]
- "Why Securities Analysts Expect the KOSPI to Hit 9,500 Next Week [Weekend Money]"
- Coach Hong Myung-Bo, Who Vowed "Final Contribution," Faces Controversy Over Estimated 3.8 Billion Won Salary
- NPS Moves the KOSPI: How Much Will It Need to Sell If the Index Surpasses 9,000? [Weekend Money]
- Two Typhoons Make Landfall Simultaneously, Earthquake Risk Looms... Record 250mm Per Hour Downpour Hits Japan
The province also plans to accelerate the creation of an AI industrial ecosystem by concurrently promoting the establishment of a "National AI-based Advanced Display Research Platform," which will involve an investment of 520 billion won by 2033.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.