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Korea is increasingly becoming an attractive destination for leading global technology
companies keen on expanding their data centers. Microsoft, for one, has announced plans to
build a data center in Korea, which will be by far the largest investment ever made in
Korea by a global technology firm. But is this all good news?
Joining me live on the line to give us some perspective is Dr. Kim Byoung-joo, the head
of KL&P Consulting and our regular commentator on the program.
Hello, Dr. Kim.
So, Microsoft and other global firms are now interested in setting up data centers
in Korea?
The data centers we are
talking
about
are warehouse-style storage spaces filled with internet servers. How can such a facility
cost 5 trillion won, or roughly 5 billion U.S. dollars,... to build?
I understand the low cost of electricity is the main attraction for global internet giants
considering Korea as a data center site?
But the low electricity prices are what's given us an electricity shortage problem.
For that reason, data centers that consume huge amounts of electricity may not be good news.
What do you think?
Job creation is an important issue here, but I would imagine that data centers
do not employ a lot
of people?
Dr. Kim Byoung-joo, the head of KL&P Consulting and our regular commentator on Business Today
- thank you for speaking with us and we'll see you back in the studio on Monday.