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South Korean internet giant Kakao announced Friday that it would build a 600 billion won ($438.9 million) data center in Namyangju, Gyeonggi Province, marking a major investment aimed at expanding its AI infrastructure. The agreement was formalized during a memorandum of understanding signing ceremony held at the Gyeonggi Provincial Government office, attended by Kakao CEO Chung Shin-a, Gyeonggi Province Gov. Kim Dong-yeon and other officials. Under the MOU, Kakao will invest approximately 600 b
Korean IT giant Naver said Friday that it has formed a global consortium with Nvidia, AI infrastructure specialist Nexus Core Systems and international investment firm Lloyds Capital to establish a next-generation AI data center in Morocco. According to Naver, the consortium aims to build a 500-megawatt, renewable energy-powered data center that will serve as a sovereign AI computing hub for the Europe, Middle East and Africa (EMEA) region. Morocco’s strategic location, 15 kilometers from Europe
Moloco, an AI advertising solution provider, announced its strategic vision to expand beyond mobile app advertising into web and connected TV domains during a press conference in Seoul on Thursday. Founded by a Korean entrepreneur in Silicon Valley, Moloco is the first unicorn of its kind. The company develops AI-powered advertising technologies that help apps, e-commerce platforms and OTT services boost their ad revenue. Its solutions are designed to improve user engagement with ads, enabling b
Naver on Thursday announced plans to roll out a new AI-powered search interface dubbed the “AI Tab” next year, marking a major step in its evolution from keyword-based queries to interactive, task-completing search experiences. Unveiled during a press briefing in Seoul earlier in the day, the AI Tab is designed to provide users with multi-turn conversational capabilities, enabling them to complete complex tasks, such as trip planning, real-time schedule changes and reservations, without leaving
Korean telecommunications giant KT said Thursday it will expand its strategic collaboration with global AI platform Palantir Technologies, sharing technical and marketing capabilities to accelerate AI transformation across industries. Palantir Chief Revenue Officer Ryan Taylor visited KT's headquarters in Seoul to discuss concrete implementation strategies with executives from both companies, as part of ongoing efforts to deepen their partnership signed in March. "This partnership enables us to
South Korea’s leading energy company SK Innovation announced Thursday that it has signed a memorandum of understanding to supply energy solutions to Bridge Data Centers’ new project in Malaysia. BDC, a Singapore-based data center construction and operations company, develops and manages facilities across the Asia-Pacific region—including Malaysia, Thailand and India— with a combined capacity of 1 gigawatt. Under the agreement, SK Innovation will provide energy solutions for BDC’s large-scale dat
Korean battery manufacturer Samsung SDI announced Wednesday that it has signed a contract to supply its flagship energy storage equipment to Tesvolt, one of Europe’s leading providers of commercial energy storage systems. Under the agreement, Samsung SDI will supply its Samsung Battery Box 1.0 to Tesvolt through the first quarter of 2026 and begin supplying the upgraded SBB 1.5 starting in the second quarter. Both models will be integrated into Tesvolt’s energy storage solutions. The companies d
SK hynix Chief Executive Officer Kwak Noh-jung raised concerns over rising tariff-related risks in the second half of the year, while the company celebrates its record-breaking sales, according to industry sources Wednesday. Speaking at an internal town hall meeting with employees on Tuesday, Kwak said the company's operations are going as planned and called for continued collective efforts to achieve goals. “It is difficult to predict for next year, but for now, we are moving in line with our p
Korean security service company SK Shieldus announced Tuesday the appointment of Min Ki-sik as its new CEO-designate, with final confirmation pending board approval later this month. Min brings over 30 years of experience in the financial sector, having held leadership roles including CEO of Prudential Life Insurance and DGB Life Insurance. In 2023, he also served as vice chairman of KB Life Insurance, where he led the company’s expansion into Southeast Asian markets such as Indonesia and Vietna
Korean internet giant Naver said Tuesday that it has completed the construction of a large-scale digital twin platform for three major cities in Saudi Arabia -- Mecca, Medina and Jeddah -- as part of the Middle Eastern nation’s smart city ambitions. A digital twin is a virtual replica of a real-world place that uses high-resolution 3D models to help plan and manage cities more effectively. The newly created platform spans about 6,800 square kilometers -- more than 11 times the size of Seoul -- a
First female CEO of Naver picked as SME minister nominee
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