BriefZip

When Samsung SDS announced on November 2, 2026 that it had started building an AI data center in Gumi, an industrial city in southeastern South Korea, the company gave both the site area and the power capacity. The initial power capacity is 60 megawatts , and the design allows expansion in stages to 120 megawatts. Here is why AI data centers are described in megawatts, and what that number really means. The Samsung SDS project Samsung SDS is the IT services company of the Samsung group. Its Gumi data center sits on roughly 46,000 square meters of land and is built for power-hungry AI and GPU servers. Construction began after the city approved it in late August, and completion is planned for the end of 2028. Besides running its own GPUs, the company will offer colocation, where customers bring their own servers or GPUs and rent space, power and cooling. Samsung SDS described the project as the first result of the Samsung group's plan, announced in July, to invest about 60 trilli...

Korea Exchange (KRX), the operator of South Korea's stock market, has published its first-ever list of "low-PBR" companies: 151 listed firms whose shares have traded far below their book value for years. The list went live on November 2, 2026 and will stay up until May 3, 2027. The average price-to-book ratio of the companies on it is about 0.25x , while the average for all Korean listed companies is about 1.8x. The move is part of Korea's push to fix the so-called "Korea discount," the long-running gap between the valuations of Korean companies and their peers in other developed markets. This post explains what PBR is, how the list was built, which well-known names made it, and what happens next. What is PBR? The price-to-book ratio (PBR) compares a company's share price with its book value per share. For the company as a whole, it is market capitalization divided by net assets. Net assets, or book value, are what remains on the balance sheet after...