South Korean Deputy Prime Minister: After the U.S. midterm elections, AI data center regulation still needs to be observed

According to a report by the Korean News Agency, South Korean Deputy Prime Minister and Minister of Economy and Finance Lee Hae-joon stated at a plenary meeting of the National Assembly's Special Committee on Budget and Accounts that after the Democratic Party won the U.S. midterm elections, the market is concerned about stricter regulations on AI data centers, but "there are currently no special circumstances, and we need to observe for a while longer." He made this statement in response to a question from an opposition party member regarding whether the first project for investment in the U.S., a gas power plant, would be affected by political pressure.

The First Secretary of the Ministry of Science and ICT of South Korea stated that if U.S. data center investments are hindered, large-scale data center operators may turn to South Korea, "the changes in the U.S. may present an opportunity for us," and the government is closely monitoring the situation and paying attention to its impact on the data center derivative industry and the reactions from the U.S. industry. Regarding the recent controversy surrounding NVIDIA CEO Jensen Huang and whether it would affect the already agreed GPU supply, Lee Hae-joon responded, "It will proceed smoothly, and there will be no issues."