Gaw Capital in partnership to tap into Korea Internet data centre market
According to a news release on April 26 revealing the offer, Gaw Capital states that this partnership will certainly additionally develop the Dreamline telecom business and also marks the initial step for Gaw Capital to use the Korean IDC market.
Gaw Capital Partners has signed contracts with IMM Investment Corp, a Korean private equity company, to take advantage of the Korea Internet data centre (IDC) market.
“The surging need for data centres in Asia Pacific remains to grow as a result of boosted Internet usage driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Worldwide, Gaw Capital’s data centre profile consists of data centres in China, Indonesia, Japan, and now South Korea. The private equity company claims that it will certainly continue to seek opportunities to expand its IDC visibility in South Korea.
The agreements will see Gaw Capital make a tactical investment in Dreammark1, a nine-storey IDC, as well as establish a mutual tactical partnership with IMM Investment Corp to grow Dreamline, a Korean telecom company that holds Dreammark1 as its subsidiary.