Hyundai Motor Group plans to invest $6.3 billion on a robot factory and AI data center in South Korea

Hyundai Motor Group to Invest $6.26 Billion in South Korea

Hyundai Motor Group and the South Korean government have signed an agreement to invest about 9 trillion won (around $6.26 billion) in new projects on the country’s west coast.

Main Investments

• 5.8 trillion won will be used to build a large AI data centre.
• The centre will use 50,000 graphics processing units (GPUs) to power artificial intelligence systems.
• 400 billion won will be invested in a new robot manufacturing factory.
• The factory will produce different types of robots, including wearable robots.
• 1 trillion won will go into hydrogen production facilities.
• 1.3 trillion won will be invested in solar power generation.

Location of the Project

The projects will be built in Saemangeum, a large land reclamation area on South Korea’s west coast.

Saemangeum started more than 20 years ago. It was first developed to create farmland, but later the government planned to turn it into an industrial and business hub to support economic growth in the region.

The area is located in the Jeolla provinces, which have traditionally supported liberal political parties, including President Lee Jae Myung’s Democratic Party.