Gaw Capital in partnership to tap into Korea Internet data centre market
The arrangements will see Gaw Capital make a calculated investment in Dreammark1, a nine-storey IDC, as well as develop a shared calculated collaboration with IMM Investment Corp to grow Dreamline, a Korean telecommunications service provider that handles Dreammark1 as its subsidiary.
“The surging necessity for data centres in Asia Pacific remains to grow because of increased Internet use driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
According to a statement on April 26 introducing the deal, Gaw Capital says that this collaboration will further increase the Dreamline telecommunications company as well as marks the primary step for Gaw Capital to take advantage of the Korean IDC market.
Globally, Gaw Capital’s data centre portfolio comprises data centres in China, Indonesia, Japan, and also currently South Korea. The private equity firm states that it will certainly remain to look for opportunities to expand its IDC presence in South Korea.
Gaw Capital Partners has already signed arrangements with IMM Investment Corp, a Korean private equity firm, to take advantage of the Korea Internet data centre (IDC) market.