Search results for LNG
AI & Enterprise
Baek Kyung-hoon marks one year in office, says time to deliver tangible results on AI
Deputy Prime Minister Baek Kyung-hoon said his first year in office focused on building a foundation for an AI transition and that it is now time to deliver and prove tangible results. He highlighted progress on a homegrown AI foundation model project and a broader consensus on the need to secure GPUs. The government is pursuing a two-track strategy for domestic and frontier models, preparing a nationwide AI service and advancing plans for data, 6G, R&D and power supply for AI data centres.
AI & Enterprise
Samsung to float AI data centres at sea, eyes commercialisation in 2028
Samsung Heavy Industries is moving to commercialise floating data centres by the second quarter of 2028 and is also seeking to secure orders before installation, industry sources say. The plan comes as land-based data centres face rising burdens from power and water use, local opposition and a shortage of sites, amid growing AI-driven computing demand. The company is considering a barge-style platform carrying servers and power equipment, with future options including LNG-based fuel cells and renewables.
AI & Enterprise
SKT pushes 15-GW AI data centres, aims to become Asian hub
SK Telecom plans to build up to 15 gigawatts of AI data centres nationwide, starting in Ulsan. It aims to secure 5 GW domestically and begin phased operations from 2029, then expand to as much as 15 GW by 2035. SKT said it will review power, sites, operating systems and key customers, and raise funding through its own investment, partners, long-term contracts and project financing.
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People
Six named as June Korea Engineer Award winners including Han Sang-ho and Bang Jae-ung
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Finance
KB Kookmin Bank arranges 4 trillion won financing for U.S. LNG infrastructure
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Industry
Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half
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Industry
Power grid delays put Yongin semiconductor cluster investment at risk
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AI & Enterprise
AI data centre special act passes National Assembly, expected to boost AI infrastructure rollout
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AI & Enterprise
TSMC to buy all power from Taiwan Hai Long offshore wind project for 30 years
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Industry
SK to cooperate with Vietnam on AI data centres and energy infrastructure
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Industry
Middle East war wipes out 500 million barrels of oil in seven weeks; supply chain recovery may take months to years
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AI & Enterprise
AIDC special act clears science and ICT panel; power exemption debate looms in judiciary review
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AI & Enterprise
Baek Kyung-hoon says power supply is key to special law for AI data centres
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Industry
Korea\'s three battery makers set for first-quarter losses
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Industry
Ecopro HN signs 23.9 billion won Taiwan power plant equipment contract
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Industry
Chip prices set to rise again amid supply shortage and higher oil costs
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Industry
Democratic Party, government to submit \'Middle East shock\' supplementary budget by end-March; to release strategic oil stocks
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Industry
Carbon cost burden seen as hurdle to attracting big tech tenants to data centres