YIDO said on the 20th that it recently sold the 18-hole golf course ClubD Geumgang in Iksan, North Jeolla.
YIDO plans to secure cash and focus on new growth in artificial intelligence (AI) infrastructure by liquidating noncore asset such as hotels and golf courses, while preparing for an initial public offering (IPO).
Following the sale of ClubD Geumgang, the company is also reviewing the sale of the 27-hole golf course ClubD Geochang in Geochang, South Gyeongsang.
YIDO is concentrating investment in an AI infrastructure business that combines battery energy storage systems (BESS) and data centers, alongside stable power supply through building and operating solar, wind, and biogas power infrastructure.
AI infrastructure is drawing attention as a key future field that can maximize the power efficiency of data centers and achieve carbon neutrality.
Going forward, YIDO plans to strengthen its position as an integrated cleantech platform corporations with two pillars: waste-to-resource and AI infrastructure businesses. It also plans to bolster financial stability based on cash flow generated from the integrated operation and management business of domestic private highways.
A YIDO official said, "Funds secured through this sale of ClubD Geumgang will be invested in fostering AI infrastructure, a future business centered on renewable energy."