LG Uplus (KRX:032640) will invest 1.348 trillion won to build phase two of its new artificial intelligence data center facility in Paju, South Korea, according to a Thursday filing with the Korea Exchange.
The telecommunications operator said the investment represents 14.88% of its equity capital and will accommodate growing customer demand.
The construction of the new facility is scheduled to start on Aug. 1, with completion expected by Nov. 30, 2028.