ST Telemedia Global Data Centres (STT GDC), a leading data centre service provider headquartered in Singapore, announced a strategic partnership with Hyosung Heavy Industries a leading high voltage electrical equipment manufacturing and construction company in Korea, on a 60:40 basis to jointly develop and operate their first carrier-neutral data centre campus in, South Korea.
“South Korea ranks among the world’s most digitally competitive economies and we are delighted to be partnering Hyosung Heavy Industries as we expand into South Korea, growing our presence in Asia to five markets. Hyosung Heavy Industries has strong local capabilities in power, industrial systems and construction technology. Leveraging our global track record in designing, constructing and operating state-of-the-art, carrier-neutral data centres, we are well poised to support the increasing demands from our customers and businesses in the country and region, brought about by the rising adoption and consumption of cloud and digital services globally,” said Bruno Lopez, Group CEO, ST Telemedia Global Data Centres.
“Hyosung Heavy Industries has been focused and reputed for decades in providing power, industrial systems and construction technology in various residential, commercial and industrial facilities. We have observed the data centre industry in South Korea to be fast-growing on the back of increasing demand for digital solutions and services. With our long-standing expertise and leveraging STT GDC's operational Data Centre excellence, we are excited to extend our capabilities and venture into building green data centres to support the surging demands of IT infrastructure sustainably,” said Takeshi Yokota, Representative Director of Hyosung Heavy Industries.
“The world's first commercial 5G network was launched in South Korea in 2019. With faster data speeds, it enables businesses and consumers alike to enjoy the benefits of consistent ultra-low latency and high quality real-time digital content and services such as the Internet of Things (IoT), artificial intelligence and virtual reality. It is an opportune time for us to expand our offerings and delve into the data centre business based on our collective industrial capabilities with STT GDC, who is recognised as a leading data centre provider in Asia, to build the infrastructure needed for the thriving digital economy,” said Hyun-Joon Cho, Chairman, Hyosung Group.
The JV is in the final stages of securing a land site in Greater Seoul, South Korea. Once finalised, the new data centres will be built to the highest quality standards and will be one of the few carrier-neutral, high-capacity facilities in South Korea capable of serving both hyperscale and retail colocation customer requirements.