ST Telemedia Global Data Centres expands its South Korea footprint with second data centre
Singapore: 8 June 2022 - ST Telemedia Global Data Centres (STT GDC), a leading data centre service provider headquartered in Singapore today announced plans for a second data centre site in Gasan-dong, Seoul, South Korea. The establishment of this data centre site is backed by a global institutional investor, and Samsung SRA Asset Management, the real estate investment arm of Samsung Group.
“The establishment of our second data centre site in South Korea bears testament to our strong efforts in supporting the country’s digital transformation and we are delighted for this next chapter of our growth. This expansion in Seoul 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. Tapping on STT GDC’s global data centre expertise, we continue to grow with our customers, supporting their digitalisation efforts as they scale globally,” said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres.
The new data centre site will comprise 31,205 square metres of gross floor area, delivering a development potential of 30 megawatts of IT power. The new data centre site will be situated within Gasan-dong, Geumcheon-gu, Seoul. It is also strategically positioned near to Mokdong with access to nearby substations, as well as critical telecommunications, subway stations (Gasan Digital Complex and Doksan), logistics and knowledge industry centres.
“We are committed to deliver flexibility and scalability to our customers by offering critical infrastructure solutions that meet their evolving needs. With our data centre site set within a strategic yet accessible prime location within the city of Seoul, we believe this will open doors to new opportunities for accelerated digital infrastructure, cloud-based services and innovations,” said Nicholas Toh, CEO – Northeast Asia, ST Telemedia Global Data Centres.
Under this arrangement, both partners will develop the shell and core of the data centre. STT GDC will lease the shell and core building, complete the remaining DC fitouts, and then operate the state-of-the art data centre which is expected to be ready for service in H1 2025.
South Korea continues to lead in global digital adoption through its cutting-edge ICT infrastructure and investment in 5G, Artificial Intelligence, Cloud and more. As the first country in the world to commercialise 5G networks in 2019, more than a quarter of South Korea’s total mobile connections is powered by 5G today – this is higher than anywhere else in the world1. The country’s public cloud market is also set for growth, as it is expected to double in size from $1.5 billion in 2018 to $3.1 billion in 20232.
1 GSMA Intelligence, The Mobile Economy Asia Pacific 2021
2 Boston Consulting Group, Economic Impact of Public Cloud in Asia Pacific: South Korea’s Market Report