A 260 MW data centre has been proposed for a disused mining site at Yeongwol Gun in Gangwon Province, South Korea, by a joint venture the partners named Technology 1 Thomson Computing Korea. Those partners are Metavisio, the Euronext Growth-listed French computing hardware maker that trades as Thomson Computing, and BKB Energy Co. of South Korea, each holding half; they signed a memorandum of understanding on 13 March 2025 and announced the venture on 24 March 2025. Korea Electric Power Corporation validated a 260 MW supply for the site, which is the figure the project is built around. Funding was contemplated at up to USD 900 million of convertible bonds. A feasibility study and an environmental assessment were still under way, and no street address, lot number or planning reference has been put on the record.
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Frequently asked questions
What is Technology 1 Thomson Computing Korea?
The name of a 50:50 joint venture, not a building. Metavisio (Thomson Computing) of France and BKB Energy of South Korea formed it in March 2025 to pursue a data centre on a former mine site.
How far has the Yeongwol project progressed?
To a memorandum of understanding signed on 13 March 2025 and a venture announcement on 24 March 2025, with a feasibility study and environmental assessment following. Construction has not started.
Where would the 260 MW come from?
Korea Electric Power Corporation, which the partners say validated a 260 MW supply to the Gangwon site. That figure is the proposal, not installed capacity.
What experience does Metavisio bring to a Korean data centre?
It builds laptops and computing hardware and is listed on Euronext Growth; its stated contribution to the venture is supplying GPUs and CPUs through its supplier network rather than operating buildings.
How was the project to be financed?
Through up to USD 900 million of convertible bonds, described at announcement as an issue intended within six months.