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 ...

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...

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...