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LG CNS
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Namyangju Maseok IDC

Deal Value

Undisclosed

Announced

Friday, July 24, 2026

Deal Details

First 30 billion won equity and land-acquisition financing for the X-AI Smart Data Center project in Namyangju, backed by LG CNS and Korean financial investors.

A cloud computing partnership providing infrastructure and compute resources.

Related News

Korea backs X-AI Namyangju data center with first 30B KRW round

ChosunBiz reported on July 24, 2026 that Namyangju Maseok IDC has closed an initial 30 billion won financing round for its X-AI Smart Data Center project in Namyangju, Gyeonggi Province. LG CNS and several Korean financial firms joined the first phase, part of a planned 970 billion won AI-focused data center development.

Jul 24, 2026
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