Korea Investment & Securities to finance 872 billion won AI data center in Gunsan

Korea Investment & Securities has announced its participation as a financial lead and investor for a major AI data center project in Gunsan, Jeonbuk State. The project, valued at approximately 872 billion won, involves the establishment of an AI data center on land owned by SGC Energy through its subsidiary, SGC AI Infra.

Korea Investment & Securities will serve as both a financial investor and the lead for project financing (PF), structuring the capital required for the large-scale infrastructure. The data center is expected to have a capacity of up to 300MW and will be built using modular construction methods. The project aims to break ground within 2026.

Other key participants in the public-private partnership include Jeonbuk State, Gunsan City, SGC Energy, and KT. Additionally, GNC Energy has secured a contract with KT to supply generators for the Gunsan data center, valued at approximately 75.5 billion won, with a contract period spanning from mid-2026 to late 2027.