Gaw Capital in partnership to tap into Korea Internet data centre market
The arrangements will see Gaw Capital make a strategic investment in Dreammark1, a nine-storey IDC, along with establish a shared calculated partnership with IMM Investment Corp to grow Dreamline, a Korean telecom service provider that handles Dreammark1 as its subsidiary.
According to a news release on April 26 publicizing the offer, Gaw Capital states that this partnership will certainly further increase the Dreamline telecommunications industry and marks the first step for Gaw Capital to tap into the Korean IDC market.
Gaw Capital Partners has recently authorized contracts with IMM Investment Corp, a Korean private equity firm, to take advantage of the Korea Internet data centre (IDC) market.
“The surging necessity for data centres in Asia Pacific continues to expand due to boosted Internet usage driven by the pandemic,” claims Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Across The Globe, Gaw Capital’s data centre profile consists of data centres in China, Indonesia, Japan, as well as now South Korea. The private equity firm states that it will certainly continue to seek out opportunities to expand its IDC existence in South Korea.