DCI Data Centers (DCI), a wholly owned portfolio company of Brookfield, is pleased to announce the commencement of construction of our first world-class data center in Seoul, South Korea.
This project reaffirms DCI’s strategy to progressively expand its Asia-Pacific data center platform and demonstrates the company’s ongoing commitment to bring industry leading and scalable digital infrastructure to the market. This Seoul data center will be built under a strategic Joint Venture with Daelim Co Ltd., a leading and well established South Korean conglomerate, with expertise ranging from real estate development to engineering and construction. DCI’s first data center in South Korea will be built to the latest industry leading standards, leaning on DCI’s in-house design suited for hyperscale customers and high-compute deployments.
Nicholas Toh, CEO of DCI, stated, “Building our first Asian data center in Seoul is a crucial step in DCI’s targeted Asia expansion strategy”.
Artist impression of DCI Data Centers’ new data centre in Seoul, South Korea
South Korea’s position as a technology hub and its commitment to digital transformation has established Seoul as a critical market for our customers. This strategic investment highlights our confidence in South Korea’s potential and demonstrates our continued ability to enter new regions that are important for our customer base.”
CEO of Brookfield’s Global Data Centre Platform and Chair of DCI Data Centers, Udhay Mathialagan added: “This first investment into the South Korean data center market establishes a new area of development for Brookfield’s Global Data Centre platform and represents significant opportunity in a high-growth sector. Seoul is one of the fastest growing data center markets in Asia and we will continue to support this growth further for our global customers and investors”.
Our journey to establish this state-of-the-art data center in South Korea has been further enhanced by our esteemed joint venture partner, Daelim. This partnership has brought together two industry experts, combining our respective strengths to deliver unparalleled data center solutions to our clients.
“We are proud to collaborate with Daelim, a company that shares our dedication to innovation and excellence,” commented Mr Toh. “Daelim’s expertise in real estate development has complemented well with DCI’s hyperscale design and operational capabilities and track record with key customers. Together, we are setting new standards for data centre technology and services in South Korea and beyond”.
Since Brookfield acquired DCI in 2019, the platform has grown from two sites with less than 10MW to over 10 sites now with 130 MW secured under various stages of development in APAC. With a particular focus on delivering a fleet of highly certified data centres across Sydney, Adelaide, Canberra, Auckland and now Seoul, DCI has emerged as a key player to respond to global hyperscaler requirements as well as for Government and public cloud workloads.
Brookfield Infrastructure Managing Director, Jun Park with DCI Data Centers CEO, Nicholas Toh and Vice President for Daelim Business Development, Jun Beom Kim, at the ground-breaking ceremony for “SEL01” in late 2023
About DCI Data Centers
DCI Data Centers is a data centre owner and operator that is challenging the way facilities are built and operated. It brings together innovative, environmentally efficient technologies and construction methods to enable the rapid deployment of secure cloud and hyperscale compute environments. With a growing fleet of data centres across Australia, New Zealand and Asia, DCI Data Centers’ mission is to deliver secure, reliable, and environmentally efficient solutions for our customers.
Since 2015, DCI Data Centers has served public cloud and managed service providers, governments, and enterprises. It delivers mission-critical digital infrastructure with predictability, flexibility, and security; critical to scale and respond to market demand. DCI is a portfolio company of Brookfield and its investment partners.
Daelim is recognized for its extensive experience across various industries, spanning over 30 years. Daelim’s diverse portfolio excels in petrochemicals, polyimide manufacturing, shipping, logistics, construction, IT, and real estate development. In the realm of real estate development, Daelim covers all components of the value chain, from development and investment to operation and management in various product groups such as residential/office/retail/strategic assets (logistics, IDC). Drawing upon its knowledge and commitment to sustainable practices, Daelim actively contributes to the vitality of communities through cutting-edge business development.
About Brookfield Asset Management
Brookfield Asset Management is a leading global alternative asset manager with approximately US$850 billion of assets under management across renewable energy, infrastructure, real estate, private equity, and credit. Brookfield’s Global Data Center Platform currently comprises six portfolio companies, DCI Data Centers (Asia Pacific), Digital Connexion (India), Data4 (Europe), Compass Data Centers (North America), Evoque (North America) and Ascenty (South America) which collectively operates over 60 data centers, in over 12 countries across five continents servicing a range of hyperscale and enterprise customers.