Gaw Capital in partnership to tap into Korea Internet data centre market
“The rising demand for data centres in Asia Pacific remains to expand as a result of boosted Internet use driven by the pandemic,” claims Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Internationally, Gaw Capital’s data centre portfolio comprises data centres in China, Indonesia, Japan, as well as now South Korea. The private equity company states that it will remain to look for opportunities to expand its IDC presence in South Korea.
The contracts will certainly see Gaw Capital make a calculated investment in Dreammark1, a nine-storey IDC, in addition to establish a shared calculated partnership with IMM Investment Corp to expand Dreamline, a Korean telecom company that has Dreammark1 as its subsidiary.
Gaw Capital Partners has already authorized arrangements with IMM Investment Corp, a Korean private equity firm, to take advantage of the Korea Internet data centre (IDC) market.
According to an announcement on April 26 announcing the offer, Gaw Capital states that this affiliation will better develop the Dreamline telecommunications business and also notes the initial step for Gaw Capital to take advantage of the Korean IDC market.