Gaw Capital in partnership to tap into Korea Internet data centre market
According to a news release on April 26 announcing the deal, Gaw Capital says that this affiliation will even more broaden the Dreamline telecom business and also notes the initial step for Gaw Capital to take advantage of the Korean IDC market.
Gaw Capital Partners has recently signed agreements with IMM Investment Corp, a Korean exclusive equity company, to take advantage of the Korea Internet data centre (IDC) market.
Worldwide, Gaw Capital’s data centre portfolio consists of data centres in China, Indonesia, Japan, and currently South Korea. The private equity company says that it will certainly continue to seek opportunities to develop its IDC existence in South Korea.
The arrangements will see Gaw Capital make a tactical investment in Dreammark1, a nine-storey IDC, in addition to develop a mutual critical partnership with IMM Investment Corp to grow Dreamline, a Korean telecom service provider that keeps Dreammark1 as its subsidiary.
“The rising interest for data centres in Asia Pacific remains to expand as a result of enhanced Internet usage driven by the pandemic,” claims Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.