Amazon to Invest Another $5 Billion in South Korea Data Centers

Amazon.com Inc. is setting aside another $5 billion for investment in South Korean data centers, sharply ramping up the spending it’s already devoting toward building AI infrastructure in the country.

The capital will go toward erecting several data centers in the years to 2031, South Korea’s presidential office said in a statement after a meeting between Amazon Web Services chief Matt Garman and President Lee Jae Myung. The spending comes on top of more than $4 billion of envisioned investment with partner SK Group announced in June.

Amazon’s cloud division is one of the biggest spenders in a burgeoning ...