Gaw Capital in partnership to tap into Korea Internet data centre market
Gaw Capital Partners has already authorized contracts with IMM Investment Corp, a Korean private equity firm, to take advantage of the Korea Internet data centre (IDC) market.
Globally, Gaw Capital’s data centre profile makes up data centres in China, Indonesia, Japan, and also now South Korea. The private equity firm states that it will certainly continue to seek opportunities to increase its IDC presence in South Korea.
According to an announcement on April 26 revealing the bargain, Gaw Capital claims that this alliance will additionally expand the Dreamline telecommunications industry and also notes the beginning for Gaw Capital to use the Korean IDC market.
The arrangements will certainly see Gaw Capital make a tactical investment in Dreammark1, a nine-storey IDC, together with establish a common calculated partnership with IMM Investment Corp to expand Dreamline, a Korean telecom provider that has Dreammark1 as its subsidiary.
“The surging need for data centres in Asia Pacific remains to expand as a result of raised Internet use driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.