Story perspectives

Nvidia Announces Gigawatt AI Cloud Deals in South Korea

6/8/2026

Summary

Nvidia Secures Korea

Jensen Huang announced deals in South Korea, including a gigawatt-scale AI cloud with SK Telecom and a 9 trillion-won hub in Saemangeum.
SK Telecom will use Nvidia DSX for cloud with data center opening 2027.
Naver will start a 55-megawatt DSX expansion at GAK Sejong aiming for gigawatt scale.
Korea’s Science and ICT Ministry will buy 9,704 GPUs in 2026 for a 2.08 trillion-won AI project, including 2,016 Nvidia Vera Rubin GPUs.

Summary

Bank of Korea Warns

Margin loans for equities rose to a record 36.47 trillion won (?$26.9 billion), double the 2025 level.
After the 2× leveraged ETFs debuted on May 27, investors aged 40-49 and 50-59 supplied 28.9 % and 28.7 % of the net 7.2 trillion won drawn into Samsung and SK Hynix.
The Bank of Korea warned that chip-stock borrowing could heighten volatility, said it is tightening brokerage oversight, and signaled possible won support measures.

Summary

Lee Channels AI

President Lee Jae Myung announced a plan to channel surplus semiconductor tax revenues into a large-scale investment.
Record profits at Samsung Electronics and SK Hynix produced windfall tax revenues well above projections, expanding fiscal space.
The policy aims to embed artificial intelligence as a foundational layer of South Korea’s development strategy across industry and defence.
Labour groups and workers are debating how AI-generated gains should be allocated among the population.

History

Historical Context

Samsung’s 2014 technology expansion set the stage for South Korea’s AI push. Building on that foundation, Nvidia is now sealing multi-trillion-won AI-cloud contracts with SK Telecom, Naver and the Ministry of Science and ICT. Samsung’s chips, which contributed 22.4% of Korea’s GDP in 2022, fuel the deals and drive the nation’s AI investment plan.

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Nvidia Secures Korea

Jensen Huang announced deals in South Korea, including a gigawatt-scale AI cloud with SK Telecom and a 9 trillion-won hub in Saemangeum.
SK Telecom will use Nvidia DSX for cloud with data center opening 2027.
Naver will start a 55-megawatt DSX expansion at GAK Sejong aiming for gigawatt scale.
Korea’s Science and ICT Ministry will buy 9,704 GPUs in 2026 for a 2.08 trillion-won AI project, including 2,016 Nvidia Vera Rubin GPUs.

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