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Naver

Naver

Internet and cloud company

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South Korea directs $880 billion private buildout into chips and AI data centers

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Investing in AI data-center capacity

For decades, almost every new South Korean chip plant rose near Seoul. On June 29, 2026, the government told its biggest companies to build the next wave in the poorer southwest instead, and to spend at least 1,350 trillion won — about $880 billion — doing it over ten years.

Updated 2 hours ago