Search results for AI data centres
Telecommunications & Media
2026 state audit puts PHP security, LG Uplus hacking cover-up allegations and AI policy in spotlight
Lawmakers grilled officials at a parliamentary audit over the government’s response to PHP security flaws, the decision-making process for a 4.7 trillion won frontier AI project and allegations LG Uplus covered up a hacking incident. The science ministry said it would prepare cross-government security measures and pursue regulatory improvements to foster the AI industry. LG Uplus said it would take appropriate responsibility if the allegations are confirmed.
AI & Enterprise
Baek Kyung-hoon says tax breaks for lease-type AI data centres under review, power rules to be eased
South Korea plans to pursue tax support for lease-type AI data centres and ease power regulations to spur investment, Vice Prime Minister and Science Minister Baek Kyung-hoon said. He told a parliamentary audit the government will discuss tax benefits for lease-type facilities with fiscal authorities to attract foreign capital. He also cited differences among ministries over thresholds for exempting non-capital region centres from grid impact assessments.
AI & Enterprise
Permit simplification, regulatory easing to lower barrier for AI data center buildout
The government will simplify permitting procedures to spur construction of AI data centres (DCs) and ease regulations related to facilities. It will also 추진 a domestic technology development and demonstration programme worth about 200 billion won in 2027. The Ministry of Science and ICT announced an \"AIDC ecosystem support plan\" at the second Regulatory Rationalisation Committee chaired by the president. Measures include minimising pre-review steps in one-stop permitting, excluding unmanned facilities from building-size calculations and introducing requirements for regional coexistence plans.
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AI & Enterprise
Schneider Electric unveils next-generation modular power solutions for AI data centres
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Industry
Tesla Megapack supply sold out through 2027, production ramp speeds up
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AI & Enterprise
Neocloud firms surge on AI boom but profitability tested despite GPU demand
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People
Samsung Electronics chairman Lee Jae-yong inspects UAE Al Dhafra power plant site
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Industry
Samsung, SK hynix push upgrades at China NAND plants as YMTC closes in
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Industry
SMRs emerge as 24-7 power option for semiconductor fabs
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AI & Enterprise
Nvidia packs Vera Rubin AI factory into single container, cuts data centre build time from 6 months to 2 weeks
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AI & Enterprise
Race to foster AI data centres; industry calls for deregulation and tax credits
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AI & Enterprise
Elice shares whipsaw after listing, focus on differentiation from CoreWeave
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Industry
LG Electronics unveils \'Multi V 7\' dual AI system air conditioner
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AI & Enterprise
AI data centre grid code to be introduced this year; Cho Kyung-tae says exemptions needed for existing projects
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Finance
Korea Investment Securities to expand AI infrastructure finance, teams up with Samil PwC on GPU financing
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Industry
Amazon to directly build 12 small nuclear reactors in U.S. Indiana to secure power for AI
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Finance
Don\'t jump into AI stocks on rebound, four preconditions before buying
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People & Company Moves
HS Hyosung Information System moves headquarters to Yeoksam-dong, sets up AX Center