Meta to Invest $5 Billion in South Korea Data Center
Expansion Will Support Growing Demand for Digital Services
Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced a $5 billion investment in a new data center in South Korea. The new facility, which will be located in Yongin, will be Meta's largest data center in Asia and will support the growing demand for digital services in the region.
The investment is part of Meta's broader plan to invest $10 billion in Asia over the next five years. The company has already invested heavily in data centers in Singapore, Indonesia, and Japan. With the addition of the new data center in South Korea, Meta will have a total of 20 data centers in the region.
The new data center will be powered by renewable energy and will be designed to be energy-efficient. Meta says that the facility will create thousands of jobs in South Korea and will help to boost the country's digital economy.
The investment in South Korea is a sign of the growing importance of the Asia-Pacific region to Meta. The company has seen strong growth in its user base in the region in recent years, and it is investing heavily in data centers and other infrastructure to support its continued growth.
The new data center is expected to be completed in 2025.