South Korea continues to attract investment in data centers, with recent announcements by Oracle and Equinix to establish data centers in Seoul. The two technology giants join IBM, Microsoft, Amazon, and Google in expanding their data center presence in the competitive South Korean market.
South Korea is rapidly becoming a hotbed for companies seeking to expand their data center operations in the Asia Pacific region. South Korea ranks 1st out of 34 Asian countries in telecommunications, due to strong government support and the high mobile and broadband penetration demanded by its tech-savvy population.
With its highly-developed and advanced telecommunications infrastructure, South Korea will continue to attract data center investment. A recent report released by market research firm Gartner forecast robust growth in demand for South Korea’s colocation services. The report stated that South Korean companies plan to spend 3.44 trillion won (US$3.05 billions) for cloud services in 2021, up from 2 trillion won (US$1.77 billion) in 2018.
Oracle’s data center plans poised to coincide with 5G networks launch
Oracle’s plans, announced in 2017, were reaffirmed by CEO Kim Hyung-rae earlier this year, stating “We are working relentlessly to launch the data center within this year.” While Oracle did not offer details or timelines about their planned data center opening, the center is poised to help Oracle as it coincides with the impending launch of 5G networks in the country. 5G will stimulate demand, as this new telecom standard will usher in greater adoption of Artificial Intelligence and Internet of Things (IoT) technology.
Seoul provides important connection point for Equinix’s regional and global business
Equinix, the current top-ranked data center operator on Cloudscene’s leaderboard, has announced plans to open its Seoul data center in the third quarter of 2019. The SL1 IBX facility has more than 1,680 sqm. of available colocation space. The data center is planned to be built in phases, with the first phase targeted for a capacity of 550 cabinets.
Equinix Asia-Pacific CEO, Samuel Lee, said of the company’s plans, “Seoul, the fourth-largest metropolitan economy globally, is an important connection point for both regional and global businesses, and we are excited to expand our global platform to this new metro in South Korea.” The planned Seoul data center is part of Equinix’s $800m Asia-Pacific expansion, adding to their 40 data centers across 12 Asia Pacific markets. Equinix has a total of 200 data centers around the world.
Building your business in South Korea? Check out the Cloudscene ranking for the top operators for South Korea with Cloudscene’s rankings tool.
|1||Korea Internet Neutral Exchange||View KINX Profile|
|2||PCCW Global||View PCCW Global Profile|
|3||PCCW Solutions||View PCCW Solutions Profile|
|4||KT||View KT Profile|
|5||Sejong Telecom||View Sejong Telecom Profile|
|6||Amazon Web Services||View AWS Profile|
|7||BGP||View BGP Profile|
|8||BGP.net||View BGP.net Profile|
|9||China Telecom||View China Telecom Profile|
|10||Colt Technology Services||View Colt Profile|
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