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Amazon's cloud unit to invest $5.85 bil. in Korea by 2027

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A logo for Amazon Web Services is displayed at the Collision conference in Toronto, Ontario, Canada, in this June 23, 2022 file photo. Reuters-Yonhap

A unit of U.S. retail web giant Amazon.com plans to invest 7.83 trillion won ($5.85 billion) in Korea's cloud computing infrastructure by 2027, company officials said Wednesday.

The plan came as competition is intensifying among Amazon and other cloud computing providers in Korea.

Amazon launched its Asia-Pacific data center in Seoul in 2016. Since then, it has invested 2.73 trillion won in Korea, according to the local unit of Amazon Web Services.

Ham Kee-ho, head of the local unit of Amazon's cloud computing division, said the investment plan would help Korea become a global powerhouse of internet-based cloud applications. (Yonhap)