Gaw Capital in partnership to tap into Korea Internet data centre market
Gaw Capital Partners has recently signed agreements with IMM Investment Corp, a Korean exclusive equity company, to tap into the Korea Internet data centre (IDC) market.
The agreements will see Gaw Capital make a critical investment in Dreammark1, a nine-storey IDC, and establish a shared strategic partnership with IMM Investment Corp to grow Dreamline, a Korean telecom provider that has Dreammark1 as its subsidiary.
According to a press release on April 26 disclosing the deal, Gaw Capital states that this collaboration will even more broaden the Dreamline telecom industry and also marks the first step for Gaw Capital to use the Korean IDC market.
Internationally, Gaw Capital’s data centre profile comprises data centres in China, Indonesia, Japan, and also now South Korea. The private equity company says that it will continue to look for chances to develop its IDC presence in South Korea.
“The rising necessity for data centres in Asia Pacific remains to expand as a result of increased Internet use driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.