Singapore-based ST Telemedia Global Data Centres (STT GDC) has announced plans to set up a second data centre in South Korea.
The new data centre site will be situated within the Gasan-dong neighborhood in Geumcheon-gu, Seoul and is backed by a global institutional investor, and Samsung SRA Asset Management, the real estate investment arm of Samsung Group.
The data centre site will comprise 31,205 square meters of gross floor area, delivering a development potential of 30 megawatts (MW) of IT power.
Under the terms of the agreement, STT GDC and Samsung SRA will develop the shell and core of the data centre.
STT GDC will then lease the shell and core building, complete the remaining data centre fitouts, and then operate the state-of-the-art data centre which is expected to be ready for service in the first half of 2025.
STT GDC's CEO for Northeast Asia, Nicholas Toh, said the data centre is strategically located near Mokdong with access to nearby substations, as well as critical telecommunications, and subway stations (Gasan Digital Complex and Doksan), logistics and knowledge industry centres.
Toh added that the company is committed to delivering “flexibility and scalability to our customers by offering critical infrastructure solutions that meet their evolving needs”.
Last year, STT GDC entered South Korea by setting up its first carrier-neutral data centre through a 60:40 joint venture with Hyosung Heavy Industries, a leading high voltage electrical equipment manufacturing and construction company in Korea.
In total, the company has more than 140 data centres across key business markets including Singapore, the UK, India, China, Thailand, South Korea, Indonesia, Japan and the Philippines.
South Korea continues to be a leading adopter of information and communications technology infrastructure through investments in 5G, artificial intelligence (AI), the cloud and more.
According to the Boston Consulting Group (BCG), South Korea's public cloud market is expected to double in size from US$1.5 billion in 2018 to US$3.1 billion in 2023.
STT GDC's president and group CEO, Bruno Lopez, said the company's expansion in South Korea “is a natural next step for us” in offering critical digital infrastructure services to meet the growing customer demand for complex design and scale requirements.