Seoul:POSCO and GS Group, two prominent South Korean conglomerates, have announced their collaboration to explore opportunities in artificial intelligence (AI) data center projects overseas. The companies have entered into a memorandum of understanding (MOU) to combine their strengths in this venture.
According to Yonhap News Agency, the MOU aims to leverage POSCO's high-quality steel products and technological solutions in conjunction with GS Group's expertise in data center construction and operations. This collaboration is targeted at pursuing international projects.
The companies further highlighted that their established global business networks would play a crucial role in securing opportunities in the international AI infrastructure market. A POSCO official noted that the increasing demand for AI data centers is anticipated to serve as a new growth engine for the company, boosting the demand for next-generation steel solutions.
A photograph provided by GS Group captured POSCO Chief Executive Officer Lee Hee-geun and GS Holdings Vice Chairman and CEO Hong Soon-ky at GS Tower in southern Seoul, marking the signing of the MOU on November 11, 2026.