Daewoo E&C said on Dec. 15 the contractor held a groundbreaking ceremony for the Jangseong Fine Datacenter at the publicity pavilion at the Gwangju Research Development Special Zone in Nam-myeon, Jangseong-gun, Jeollanam-do on Dec. 15.
In a commemorative speech, Daewoo E&C Chairman Jung Won-ju said, “Jangseong Fine Datacenter, a core infrastructure for leading AI, cloud and bigdata, will serve as a pivotal role to invigorate the regional economy, and we will make Korea’s datacenter’s milestone by timely dedicating it with top-tier technology prowess and quality.”
Jangseong Fine Datacenter is Jeollanam-do’s first datacenter.
The project is the first to be built by the private sector following the government’s announcing of steps to ease concentration on the
Seoul metropolitan area in 2023. The datacenter is being built as a structure with six datacenter ground floors, two basement operation floors and other subsidiary facilities.
It will have a combined 24,244 sq. meters of floor space on a land site covering 32,082 sq. meters.
The datacenter will have a water supply capacity of 26MW.
The project will cost 395.9 billion won. It is to be dedicated in late December 2027 following 24-month construction.
Daewoo E&C aims to make the project a new growth engine by participating in the development, investment and operation, on top of construction.
The contractor is seeking to diversify its business portfolio in accordance with the renewable energy transition and AI expansion trends amid the sluggish construction market.
A Daewoo E&C official said, “As demand for storing and treating large-sized data in the wake of greater use of AI and bigdata is on the rise, the datacenter construction market has been expanding.”
Daewoo E&C President Kim Visits Turkmenistan to Discuss Cooperation
Daewoo E&C President Kim Bo-hyun visited Turkmenistan on Dec. 10 to explore business opportunities with top leaders.
During his trip to Ashgabat, President Kim had meetings with Gurbanguly Berdimuhamedov, chair of the People’s Council, and President Serdar Berdimuhamedov.
“We hope to expand our presence by entering various business areas (in Turkmenistan), starting with the ongoing mineral fertilizer plant project,” said Kim as he congratulated the 30th anniversary of the country’s neutrality declaration and expressed his appreciation for the invitation in a meeting with the People’s Council Chairman on Dec. 10.
The Turkmenistan leaders asked for Daewoo E&C’s participation in business areas, such as petrochemical, gas plant and infrastructure sectors and expressed their full support.
Kim pledged to increase localization efforts and invest in workforce development to build a mutually beneficial growth model with Turkmenistan, as he held talks with the Turkmen president the next day.
Noting that the petrochemical and gas industries are important to the country, the Turkmen president welcomed Daewoo E&C’s active participation in related fields and expressed hope to visit the Korean firm’s project sites during a planned trip to Korea next year.
Daewoo E&C landed a 1.1 trillion won ($746.7 million) order to build a mineral fertilizer plant in Turkmenistan in May, marking its first project in the Central Asian market.
The company held a groundbreaking ceremony for the plant in October, with plans to complete the construction by the end of 2028.
A company official said the latest visit is expected to further solidify Daewoo E&C’s partnership with Turkmenistan while enhancing its role as a “private-sector diplomatic envoy.”
The company plans to accelerate expansion not only in petrochemical plant projects but also across a wide range of infrastructure sectors.
“We are going to speed up expanding business by pursuing various infrastructure projects aside from petrochemical plants,” said a Daewoo E&C official.
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