Ellis Group Attracts Strategic Investments from Dongkuk Holdings and GS Ventures

Laying the Foundation for Building Large-Scale AI Data Centers

Ellis Group announced on April 13 that it has attracted strategic investments from Dongkuk Holdings and GS Ventures. With this investment, Ellis Group will pursue collaboration with Dongkuk Holdings and GS Ventures in the field of artificial intelligence (AI) infrastructure.

Dongkuk Holdings possesses site conditions that can be utilized as AI data center infrastructure, based on large-scale power receiving facilities located on Dongkuk Steel Group's steel plant sites. In particular, the Dongkuk Steel Pohang Plant under Dongkuk Steel Group already has an established power infrastructure, which is expected to support the foundation for building AI data centers in the future.

GS Ventures, the corporate venture capital (CVC) arm of GS Group, is making strategic investments for future businesses. GS Group, through its subsidiary GS Donghae Electric Power, has total infrastructure that can provide both data center sites with a capacity of 1GW and the necessary power supply.

Based on these power and site infrastructures, both companies are reviewing cooperation with Ellis Group in the AI infrastructure sector. Ellis Group plans to expand its AI data center business opportunities by leveraging its cloud technologies and large-scale GPU-based clustering capabilities.

Jaewon Kim, CEO of Ellis Group, stated, "AI infrastructure is a key element directly linked to national competitiveness, and its starting point lies in power supply and AI cloud technology. With this strategic investment, Ellis Group will secure a stable power foundation and contribute to the self-sufficiency of domestic AI infrastructure and the expansion of the industrial ecosystem."

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