Amazon(US:AMZN) Hua Er Jie Jian Wen·2025-06-20 09:42Core Insights - SK Group and Amazon Web Services (AWS) are investing approximately 7 trillion KRW (51.1 billion USD) to build the largest AI data center project in South Korea [1][4] - The project will commence construction in September 2023 and is expected to be fully operational by 2029, with an initial capacity of 100 MW [1][4] - SK Group plans to expand the data center's capacity to 1 GW in the future, aiming to establish it as a global hub for AI [1][4] Investment Details - The total investment for the AI data center project is around 7 trillion KRW, with AWS contributing 40 billion USD [1][4] - The data center will be located in Ulsan, a city in southern South Korea, marking a significant investment outside the capital region [4] Market Impact - The announcement has positively influenced South Korean AI-related stocks, with SK Hynix rising over 3%, Kakao soaring 11%, and LG CNS increasing by 9% [1] - The KOSPI index has surpassed the 3000-point milestone for the first time in three and a half years due to this news [1]