Singapore’s Digital Edge Is Investing $791 Million To Build South Korea’s Largest Data CenterSingapore-based
data center company Digital Edge is investing 1 trillion won ($791 million) to build a 120-megawatt
facility in South Korea, which would be the country’s largest data center at its scheduled completion in 2024. The deal eclipsed the firm’s previous investment in South Korea after it acquired
two facilities in Seoul and Busan from Sejong Telcom in 2021 for $120 million.
“Korea has one of the fastest-growing data center markets and this investment forms part of our ongoing commitment to this dynamic country, as we seek to bring the next generation of digital infrastructure to Asia,” Samuel Lee, chief executive at Digital Edge said in a statement.
The new facility will accommodate the bulging appetite from
local and international cloud providers and cater to other demanding applications such as hyperscale, large digital media, and enterprise deployments.
