Korean IT companies such as Naver and CJ are expanding into Saudi Arabia, with some establishing corporations - Korean media

Saudi Arabia is emerging as a new overseas base for Korean IT companies. Rebellion, a company that designs AI (artificial intelligence) semiconductors, has signed a contract with Saudi Arabia's state-run oil and gas giant Aramco.
We conducted a proof of concept (PoC) at a data center in Tokyo. Through this, we are expanding our partnerships with local telecommunications companies and other organizations. We have also established a local subsidiary and are fully committed to expanding Sovereign AI.
The IT giant Naver has established a local subsidiary, Naver Arabia, which is a digital tour that recreates real-world facilities on a computer, with a budget of approximately $100 million (USD, approximately 14,786,490,000 yen).
In addition, security research and innovation company AhnLab has established a joint venture with Saudi Arabia's government-affiliated fund SITE to develop security research and innovation.
Entertainment giant CJ ENM has established a wholly owned subsidiary in Saudi Arabia to expand its Korean content business.
Saudi Arabia plans to establish a large data center by 2030 and is inviting IT companies from other countries to build AI models using their native languages.
For this reason, Korean companies see Saudi Arabia not just as an overseas base, but as a stage to promote corporate growth.