MOREH has partnered with Jeollabuk-do to invest 20.6 billion KRW in establishing a Physical AI Data Center aimed at enhancing the regional AI ecosystem over the next three years.

Target Information

MOREH, an AI infrastructure solution company, has recently established a partnership with the Jeollabuk-do Special Self-Governing Province to participate in the 'Jeollabuk-do Physical AI Data Center Project.' The company plans to invest 20.6 billion KRW over the next three years, starting in 2024, to build an AI data center and research facility at the Jeollabuk Tech Biz Center located in Jeonju. This initiative aims to enhance the local AI ecosystem across various sectors such as semiconductor design, agriculture, and defense.

MOREH intends to hire over 20 specialized personnel to manage AI research and development, as well as the operation of the data center. With strategic focus on efficient GPU utilization and cluster optimization, MOREH aims to deliver a next-generation data center architecture that is both scalable and cost-effective.

Industry Overview in South Korea

The AI industry in South Korea has experienced substantial growth, transitioning into one of the leading sectors of technological innovation. The government has actively supported AI's development as part of its broader

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MOREH

invested in

Jeonbuk Physical AI Data Center Project

in 2023

in a Series B deal

Disclosed details

Transaction Size: $19M

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