Facility to launch later this year

Company also planning AI data center in future

Company to acquire land owned by LG's display manufacturing unit

12-story building can house more than 200,000 servers

Expected to be ready for operations in Q1, 2024

Part of wider plan to fund key technologies

Fund raising $700 million for project in Goyang City outside Seoul

Company vows to expand cloud offering to external customers

Naver gets some competition