Gaw Capital in partnership to tap into Korea Internet data centre market
Internationally, Gaw Capital’s data centre profile comprises data centres in China, Indonesia, Japan, and now South Korea. The exclusive equity firm says that it will continue to seek out chances to expand its IDC presence in South Korea.
According to a statement on April 26 announcing the deal, Gaw Capital claims that this affiliation will certainly additionally broaden the Dreamline telecommunications industry and marks the primary step for Gaw Capital to take advantage of the Korean IDC market.
Gaw Capital Partners has already signed arrangements with IMM Investment Corp, a Korean personal equity company, to use the Korea Internet data centre (IDC) market.
The agreements will see Gaw Capital make a strategic investment in Dreammark1, a nine-storey IDC, along with establish a mutual calculated partnership with IMM Investment Corp to grow Dreamline, a Korean telecom service provider that has Dreammark1 as its subsidiary.
“The surging demand for data centres in Asia Pacific continues to grow because of raised Internet usage driven by the pandemic,” states Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.