Gaw Capital in partnership to tap into Korea Internet data centre market
The contracts will certainly see Gaw Capital make a critical investment in Dreammark1, a nine-storey IDC, as well as establish a mutual tactical collaboration with IMM Investment Corp to grow Dreamline, a Korean telecom provider that holds Dreammark1 as its subsidiary.
Globally, Gaw Capital’s data centre profile consists of data centres in China, Indonesia, Japan, and now South Korea. The private equity firm says that it will continue to seek possibilities to expand its IDC presence in South Korea.
According to a news release on April 26 disclosing the deal, Gaw Capital states that this affiliation will certainly better develop the Dreamline telecommunications service and notes the very first step for Gaw Capital to take advantage of the Korean IDC market.
“The surging demand for data centres in Asia Pacific continues to expand because of increased Internet use driven by the pandemic,” claims Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Gaw Capital Partners has recently authorized contracts with IMM Investment Corp, a Korean personal equity firm, to take advantage of the Korea Internet data centre (IDC) market.