Ha Jung-woo, former presidential AI secretary, warns AI data centers risk burdening the public and should serve Korean industries rather than global big tech.
Published by Seoul Economic Daily (English). Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Seoul's ultra-high-end apartment market is recovering, with Apgujeong's Shinhyundai 11 trading at 10.5 billion won, though transactions have halved ahead of Korea's upcoming tax reform.
China's Z.ai has completed a 1GW data center built entirely with domestic chips, using over 10,000 semiconductors, the largest among Chinese AI firms, and begun partial operation.
Wall Street banks including BlackRock and Morgan Stanley are emerging as key winners of the AI boom, arranging tens of billions of dollars in data center financing and reshaping capital markets.
Seoul will apply general FAR and building coverage standards to closed school sites developed into public, cultural, or sports facilities, easing rules and boosting housing supply capacity.
Xi S&D CEO Koo Bon-sam vows defect-free construction as its premium, targeting 2 trillion won in orders and expanding into senior housing and AI data centers.
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