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, including establish a mutual strategic collaboration with IMM Investment Corp to grow Dreamline, a Korean telecom company that keeps Dreammark1 as its subsidiary.
Gaw Capital Partners has already signed arrangements with IMM Investment Corp, a Korean exclusive equity firm, to tap into the Korea Internet data centre (IDC) market.
“The rising demand for data centres in Asia Pacific remains to expand because of increased Internet usage driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Internationally, Gaw Capital’s data centre profile comprises data centres in China, Indonesia, Japan, as well as now South Korea. The exclusive equity firm claims that it will continue to look for opportunities to grow its IDC visibility in South Korea.
According to a statement on April 26 introducing the offer, Gaw Capital claims that this alliance will certainly even more grow the Dreamline telecom industry and also marks the first step for Gaw Capital to tap into the Korean IDC market.