70 Seoul redevelopment zones remain stalled despite receiving management and disposal plan approval, as construction cost disputes and low profitability slow groundbreaking across the city.
Published by Seoul Economic Daily (English). Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
LS ELECTRIC and LG Uplus signed an MOU to jointly develop DC-based power infrastructure for AI data centers, targeting Nvidia's Vera Rubin platform with 800V DC technology.
Korea's national net worth rose 2.2% to 24,561 trillion won in 2024, while housing market value jumped 8%, the largest increase since 2021, the Bank of Korea said.
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.
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.
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.
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.
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