Naver is the first major tech firm in Korea to commit to being carbon negative by 2040 as it tries to keep pace with global environmental standards.
LG U+ said Tuesday it will invest more than 300 billion won ($267.9 million) to build a new internet data center amid growing user demand.
The project is led by Saemangeum Development and Investment Agency (SDIA), a government agency that is part of a larger project to develop a new economic hub on the west coast.
IT firm Kakao will open its first data center in Ansan, Gyeonggi, in 2023. A total of 400 billion won will be invested to build the facility on 18,383 square meters of land inside Hanyang University’s Erica campus.
Naver is on track to move its data center from Hong Kong to Singapore, joining a flurry of IT companies relocating their servers and data centers after Hong Kong’s enactment of a national security law imposed by China.