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South Korea

Seraya Partners’ Empyrion DC to build $400m data centre in South Korea

Singapore-based data centre developer Empyrion DC said that it is developing a 40MW green data centre in Gangnam, Seoul, South Korea (GDC). Empyrion DC has signed a binding agreement with a local promoter to acquire 100% of the development rights, with plans to invest up to US$400 million in GDC. Closing is expected to take place before end of September 2022 subject ...

August 02

Indonesia, South Korea to build $100m Batam data centre

The governments of Indonesia and South Korea have entered into a cooperative agreement to develop a US$100 million data centre in Batam, in the Riau Islands. Set to be entirely financed by Seoul, the National Data Center development in Nongsa will sit on a five hectares piece of land and answer to the demand for faster data transfers. The “digital and interconnected da...

Gaw Capital, IMM Investment forge data centre investment into South Korea

Hong Kong-based private equity firm Gaw Capital Partners, through a fund under its management, has entered into various agreements with Korean private equity firm IMM Investment Corp., to make a strategic investment in Dreammark1 and form a mutual strategic partnership to grow Dreamline Co. Established in 1997, Dreamline operates a nationwide optical fibre network providing...

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