The monumental project led by Fir Hills — a division of the California-based company Stock Farm Road, Inc. (SFR) — is expected to commence this year, aiming to generate an initial annual revenue of $3.5 billion.
The co-founders of SFR include LG heir Brian Koo and Dr. Amin Badr-Eldin, a veteran of successful ventures in technology, energy, and global public-private partnerships.
“This is more than just a technological milestone; it's a strategic leap forward for Korea's global technological leadership,” said Dr. Badr-Eldin. “We are incredibly proud to collaborate with Stock Farm Road and the government of Jeollanam-do to build this vital infrastructure, creating an unprecedented opportunity to lay the groundwork for next-generation AI.”
The initial project is valued at over $10 billion, with growth potential up to $35 billion. Upon completion in 2028, the center's capacity will reach 3 gigawatts, making it the largest AI data processing center in the world.