Gaw Capital in partnership to tap into Korea Internet data centre market

According to a news release on April 26 revealing the bargain, Gaw Capital says that this collaboration will better expand the Dreamline telecom business as well as notes the initial step for Gaw Capital to use the Korean IDC market.

Gaw Capital Partners has already authorized arrangements with IMM Investment Corp, a Korean personal equity firm, to tap into the Korea Internet data centre (IDC) market.

The agreements will see Gaw Capital make a critical investment in Dreammark1, a nine-storey IDC, as well as establish a mutual strategic collaboration with IMM Investment Corp to expand Dreamline, a Korean telecommunications provider that holds Dreammark1 as its subsidiary.

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Worldwide, Gaw Capital’s data centre portfolio makes up data centres in China, Indonesia, Japan, and also currently South Korea. The exclusive equity firm states that it will continue to seek out possibilities to increase its IDC presence in South Korea.

“The rising necessity for data centres in Asia Pacific continues to expand due to increased Internet usage driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.