Amazon to Invest 7.8 Trillion KRW in Korean Cloud Infrastructure by 2027

Amazon Web Services (hereinafter AWS) is expanding its investment in domestic cloud infrastructure to respond to the increasing demand from Korean customers.

AWS announced on the 11th that it will invest 7.85 trillion KRW (approximately 5.88 billion USD) in domestic cloud infrastructure by 2027. This investment is expected to contribute about 15 trillion KRW (approximately 11.28 billion USD) to South Korea's gross domestic product (GDP) by 2027. Additionally, it is anticipated to support the creation of an average of 12,300 full-time equivalent (FTE) jobs annually in domestic companies related to data center supply chains, including construction, facility maintenance, engineering, and telecommunications.

AWS invested 2.73 trillion KRW (approximately 2.04 billion USD) in South Korea from 2018 to 2022, which is analyzed to have contributed about 4.91 trillion KRW (approximately 3.67 billion USD) to GDP and supported the creation of approximately 3,600 jobs annually.

Ham Ki-ho, CEO of AWS Korea, stated, "Since 2016, AWS has invested billions of dollars in Korea's cloud infrastructure, supporting remarkable growth in cloud usage for digital transformation. Since 2017, AWS has trained more than 200,000 talents in cloud technology. Through the investment of 7.85 trillion KRW by 2027, we will create more beneficial ripple effects and support Korea's leap to becoming a global digital powerhouse."

AWS launched the AWS Asia Pacific (Seoul) Region in 2016. Companies such as Hyundai Motor Company, LG Electronics, POSCO, Samsung Electronics, as well as medical institutions and public organizations, use AWS.

This content was produced with the assistance of AI translation services.