South Korean Deputy Prime Minister: AI Data Center Regulation Still Needs Monitoring After U.S. Midterm Elections

According to TechFlow, on Nov. 9, Yonhap reported that South Korean Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il said at the plenary session of the National Assembly Special Committee on Budget and Settlements that after the Democratic Party won the U.S. midterm elections, the market was concerned that AI data center regulation would tighten, but 'no special circumstances have emerged so far, and further observation is needed for some time.' He made the remarks while responding to an opposition lawmaker's question about whether the first project of South Korea's investment in the United States, a gas-fired power plant, would be affected by political pressure. South Korea's First Vice Minister of the Ministry of Science and ICT said that if data center investment in the United States is impeded, hyperscale data center operators may shift to South Korea, adding that 'changes in the United States could present an opportunity for us.' The government is closely monitoring the situation and watching its impact on derivative industries related to data centers and reactions from the U.S. industry. On whether the recent controversy surrounding NVIDIA CEO Jensen Huang would affect the agreed GPU supply, Lee answered that 'it will proceed smoothly, with no mishaps.'

Source: TechFlow