Gaw Capital in partnership to tap into Korea Internet data centre market
“The surging demand for data centres in Asia Pacific continues to grow as a result of boosted Internet use driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
The contracts will certainly see Gaw Capital make a strategic investment in Dreammark1, a nine-storey IDC, along with develop a common strategic partnership with IMM Investment Corp to grow Dreamline, a Korean telecom service provider that has Dreammark1 as its subsidiary.
Internationally, Gaw Capital’s data centre profile comprises data centres in China, Indonesia, Japan, as well as currently South Korea. The exclusive equity firm states that it will remain to seek opportunities to develop its IDC visibility in South Korea.
According to a statement on April 26 announcing the bargain, Gaw Capital says that this partnership will further grow the Dreamline telecom business and also marks the initial step for Gaw Capital to take advantage of the Korean IDC market.
Gaw Capital Partners has already authorized agreements with IMM Investment Corp, a Korean personal equity firm, to tap into the Korea Internet data centre (IDC) market.