Gaw Capital in partnership to tap into Korea Internet data centre market
SINGAPORE (EDGEPROP) – Gaw Capital Partners has signed arrangements with IMM Investment Corp, a Korean exclusive equity firm, to take advantage of the Korea Internet data centre (IDC) market.
The arrangements will certainly see Gaw Capital make a strategic investment in Dreammark1, a nine-storey IDC, including develop a common calculated partnership with IMM Investment Corp to expand Dreamline, a Korean telecom provider that handles Dreammark1 as its subsidiary.
“The rising necessity for data centres in Asia Pacific continues to expand due to raised Internet usage driven by the pandemic,” claims Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
According to a statement on April 26 publicizing the bargain, Gaw Capital says that this affiliation will better develop the Dreamline telecom business and marks the very first step for Gaw Capital to use the Korean IDC market.
Globally, Gaw Capital’s data centre profile comprises data centres in China, Indonesia, Japan, and also currently South Korea. The exclusive equity firm states that it will certainly remain to choose chances to increase its IDC presence in South Korea.