CLOUD & EDGE
“ The shift to a digital economy has created significant levels of demand for internet-based infrastructure ”
JAY WEON KHYM COUNTRY MANAGER
KOREA , DIGITAL REALTY Samsung , Hyundai , SK Group , and LG Group are among the country ’ s most prominent chaebols and are each owned and run dynastically by a single family ; it ’ s a system that verges on oligarchical , with conglomerates operating throughout virtually every level and facet of Korea society , from real estate and convenience stores to cutting edge telecom tech and , increasingly , digital infrastructure .
In recent years , however , the growing digital transformation of Korea ’ s economy , driven by next generation industries such as payment technologies , AdTech , gaming and fintech , has created new room to breathe for servicebased digital enterprises , explains Khym . As a result , the country ’ s demand for digital infrastructure is growing at an accelerated rate , and is starting to put cracks in the walls put up by domestic firms over the past three decades . “ The shift to a digital economy has created significant levels of demand for internet-based infrastructure . Many Korean startups and enterprises are deploying cloud infrastructure platforms and the supporting ecosystem around this infrastructure will only continue to mature ,” explains Kyme . “ The emergence of South Korea as a rising data centre market has prompted data centre providers to expand their operations in this country . Global REITs or asset managements are constructing or planning to construct their own data centres in the country through joint ventures with local construction and engineering companies .”
Digital Realty is one of the latest global data centre operators to capitalise on growing Korean demand for digital infrastructure , opening its first carrier-neutral data centre in the country earlier this year .
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