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Area for Ulsan's ODZ to host an AI data center expanded significantly
The area of the Ulsan Opportunity Development Zone, where an AI data center will be established, has been significantly expanded.
On July 30, Ulsan-si announced that the Ministry of Trade, Industry and Energy (MOTIE) had officially confirmed the modification of the Opportunity Development Zone designation taking into account the AI data center investment plans.
Key details of the announcement include: The business entity responsible for data operations has been changed from SK Multi-Utility to SK Broadband; The project scale has been expanded from 40 MW to 100 MW; The project area has increased from 20,712 square meters to 35,775 square meters; The investment scale has reached KRW 1.5 trillion; the direct employment scale has been expanded to 150 people.
The KRW 1.5 trillion investment will be used by SK for land acquisition, construction, and facility investments. When including KRW 5.5 trillion invested by Amazon Web Services (AWS) in server construction, the total investment amounts to KRW 7 trillion.
The city expects the modification of the zone to yield effects such as KRW 1.5562 trillion in production inducement, KRW 841.2 billion in value-added inducement, KRW 233.8 billion in income inducement, and the creation of 7,572 jobs.
In particular, if the city's ongoing efforts to designate a distributed energy-specialized area turns out to be successful, it is expected to create significant synergy in attracting energy-intensive companies.
Last November, Ulsan-si was designated as an Opportunity Development Zone for three areas, including the next-generation secondary battery industry leading area, covering 4.183 million square meters. So far, the city has attracted KRW 22.3 trillion new investments from 11 companies.
hkm@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.08.01
Views
126
According to Yonhap News,
The area of the Ulsan Opportunity Development Zone, where an AI data center will be established, has been significantly expanded.
On July 30, Ulsan-si announced that the Ministry of Trade, Industry and Energy (MOTIE) had officially confirmed the modification of the Opportunity Development Zone designation taking into account the AI data center investment plans.
Key details of the announcement include: The business entity responsible for data operations has been changed from SK Multi-Utility to SK Broadband; The project scale has been expanded from 40 MW to 100 MW; The project area has increased from 20,712 square meters to 35,775 square meters; The investment scale has reached KRW 1.5 trillion; the direct employment scale has been expanded to 150 people.
The KRW 1.5 trillion investment will be used by SK for land acquisition, construction, and facility investments. When including KRW 5.5 trillion invested by Amazon Web Services (AWS) in server construction, the total investment amounts to KRW 7 trillion.
The city expects the modification of the zone to yield effects such as KRW 1.5562 trillion in production inducement, KRW 841.2 billion in value-added inducement, KRW 233.8 billion in income inducement, and the creation of 7,572 jobs.
In particular, if the city's ongoing efforts to designate a distributed energy-specialized area turns out to be successful, it is expected to create significant synergy in attracting energy-intensive companies.
Last November, Ulsan-si was designated as an Opportunity Development Zone for three areas, including the next-generation secondary battery industry leading area, covering 4.183 million square meters. So far, the city has attracted KRW 22.3 trillion new investments from 11 companies.
hkm@yna.co.kr
Source Text
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Source: Yonhap News (July 30, 2025)
** This article was translated from Korean.