October 27, 2025
YIDO announced on the 27th its decision to restart its initial public offering (IPO) process, a move propelled by the establishment of a new institutional business sector focused on artificial intelligence (AI) infrastructure that integrates renewable energy and data centers.
This newly formed AI infrastructure division will be built upon three core components: renewable energy sources, Battery Energy Storage Systems (BESS), and data centers. The strategic shift represents a significant evolution for the company, moving beyond its traditional focus on environmental services and resource circulation.
The company has initiated a comprehensive growth strategy for the year, founded on two central pillars: its established "waste resource circulation" operations and the newly launched "AI infrastructure" business. The objective is to develop a smart infrastructure operations model that incorporates AI technology.
The AI infrastructure sector will concentrate on operating renewable energy power plants—including solar, wind, and biogas—constructing BESS and fuel cells, and enhancing data center efficiency and power optimization. Through this integrated approach, YIDO aims to create a self-sustaining smart energy platform. This platform will utilize AI to manage the entire cycle of energy generation, storage, and consumption in real-time.
To ensure a stable revenue stream for this new venture, YIDO also plans to pursue participation in the Power Purchase Agreement (PPA) market.
The establishment of this high-growth potential division is directly linked to the company's revitalized listing ambitions. YIDO had previously sought an IPO, having submitted a preliminary application to the Korea Exchange (KRX) main board in 2020. To ensure a successful listing, the company is now accelerating the development of its AI infrastructure by divesting non-core assets, such as golf courses and hotels.
Furthermore, YIDO is reinforcing its financial stability. The company benefits from solid cash flow generated by its top-ranked private expressway integrated operations and management business in Korea, which is secured by long-term contracts, providing a robust financial foundation for its new strategic direction.
SOURCE biz.chosun.com
