Hyundai Motor Group and the South Korean administration inked a deal on Friday to allocate roughly 9 trillion won ($6.26 billion) towards the establishment of an artificial intelligence data hub, a robot assembly factory, alongside supplementary installations within the nation’s western littoral zone, as announced by the Ministry of Land Resources.
The major share of the capital, approximately 5.8 trillion won, will be channeled into the development of an AI data center, outfitted with 50,000 graphical processing units. The consortium will commit an additional 400 billion won to the erection of a plant for the creation of robots, inclusive of portable gadgets. Moreover, the enterprise will inject 1 trillion won into hydrogen fabrication and 1.3 trillion won into solar power generation.
The initiative is unfolding in the Seogmangym locale, a vast tract of reclaimed territory on the western coastline that commenced its evolution over two decades prior. Initially conceived to augment arable land, it was subsequently redirected to cultivate industrial agglomerations in an area that had historically been regarded as economically underdeveloped.
Jeolla Province, where Seogwipo resides, is conventionally viewed as a bastion of South Korean progressive politics, notably the Democratic Party of President Lee Jae-myung.
Source: Reuters