[Nvidia-backed Nscale accelerates its expansion in South Korea, planning to build at least two AI data centers] BlockBeats reported on November 12th that Nscale, a UK-based AI cloud service provider and data center developer backed by Nvidia, is accelerating its entry into the South Korean market, planning to build at least two AI data centers (AIDCs) there. In July of this year, it established a South Korean subsidiary, "Nscale Services KR," specifically responsible for data center investment, development, and operation management. The confirmed project is located in Gumi, North Gyeongsang Province, South Korea. Originally planned as a 300MW (phase one) AI data center jointly built by a consortium, it has now been adjusted to have Nscale and another participating party each building two data centers. The project undertaken by Nscale is currently undergoing pre-construction approval procedures. In addition, the company is also seeking new projects in other parts of South Korea, considering expansion through building new data centers, renovating existing facilities, and leasing third-party data centers. The report suggests that Nscale's move may be related to the rising regulatory risks associated with data centers in the United States. Following the US midterm elections, the Democratic Party made progress in several states, and Goldman Sachs predicts that approximately 45% of planned new AI data center capacity in the US may be affected by regulations, prompting computing power companies to accelerate the diversification of their operations in Asia and other overseas markets. Meanwhile, CoreWeave is also advancing its data center construction in South Korea. AWS's Ulsan AI data center, a collaboration with SK Group, is expected to be operational next year, while Microsoft recently initiated construction on its third South Korean data center in Busan. However, the key to South Korea's continued ability to attract overseas computing power companies lies in electricity costs, grid connection conditions, and approval efficiency. The South Korean government is studying regionally differentiated electricity pricing and a dedicated electricity pricing system for AI data centers. [Original Link]