Korea Post, KDB set up 1 trillion won AI infrastructure fund
The science ministry's postal unit and Korea Development Bank signed a cooperation agreement to finance next-generation AI data centers and power networks, reviving joint infrastructure investment for the first time in about 20 years.
South Korea is deepening its AI infrastructure push through a 1 trillion won AI infrastructure fund being formed by Korea Post's postal business headquarters under the Ministry of Science and ICT and the Korea Development Bank, which signed a cooperation agreement in Seoul to back next-generation AI data centers, power and energy systems and other future strategic industries. The two institutions said they will jointly identify promising AI infrastructure projects and expand financial cooperation, marking their first joint capital commitment in about 20 years after a 2006 infrastructure fund that backed Ulsan Science and Technology University, the Incheon International Airport Railroad, the Shinbundang Line and power plants. The move aligns with the government's productive-finance drive to use public capital to draw in private investment and sits alongside the July 29 launch of the AIDC Alliance, a broader plan for 18.4GW of AI data center capacity and cross-ministerial financing support.
- AI infrastructure fund: A dedicated investment vehicle that finances facilities needed for AI deployment, such as data centers, power networks and related energy systems.
- AIDC Alliance: South Korea's AI data center initiative linking government and industry around infrastructure expansion, financing support and export plans.
- productive-finance drive: A policy approach that directs capital toward sectors viewed as strategic for growth and industrial competitiveness.