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AI & Enterprise
LG CNS completes 30-MW AI data centre in Indonesia in first overseas build
LG CNS said on Sunday it has completed a 30-megawatt AI data centre in Jakarta, Indonesia. The company described it as the first case of a South Korean company directly building an AI data centre for an overseas client on-site. The project was ordered last year by KMG, a joint venture of Indonesia\'s Sinar Mas Group and Korea Investment Real Asset Management. LG CNS said it secured customers for the full capacity before completion.
Finance
Shinhan Financial groups Indonesia bank, card and securities units under business holding company
Shinhan Financial Group has reorganised its governance in Indonesia by moving to a business holding company structure that groups its card and securities affiliates around its local bank. It converted Shinhan Indonesia Bank to serve as a business holding company and launched Shinhan Financial Group Indonesia. The overhaul follows an Indonesian requirement to establish financial holding companies. Shinhan also signed an agreement with Indonesia’s Sinar Mas group to cooperate in corporate and supply chain finance.
Industry
LG Electronics to expand chiller output for AI data centres, invest 150 billion won
LG Electronics will expand production capacity for cooling equipment used in AI data centres in the United States and South Korea. The company will build a new plant in Windsor, Virginia, and add production lines at its Pyeongtaek and Changwon plants, it said on Wednesday. The 150 billion won investment includes facility upgrades and targets chillers used for air and liquid cooling in data centres.