South Korea’s IGIS Asset Management plans to invest $1.3 billion to build two AI data centers in Busan, about 280 miles southeast of Seoul.
17 South Korea’s IGIS Asset Management, the country’s leading real estate investment firm, plans to invest $1.3 billion to build two AI data centers in Busan, about 280 miles southeast of Seoul.
To that end, IGIS Asset Management signed a memorandum of understanding with the Busan Metropolitan City government on Tuesday. The construction of the 40- and 80-megawatt data centers is expected to begin in late 2026, with operations scheduled to start in late 2029.
The MOU signing ceremony came just a day after nearby Ulsan city disclosed a $5.
