Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

South Korea Data Center Market to Witness Investment of $7.22 Billion by 2029 - Get Insights on 35 Existing Data Centers and 19 Upcoming Facilities across South Korea

This image opens in the lightbox

News provided by

Arizton Advisory & Intelligence

24 Apr, 2024, 17:50 GMT

Share this article

Share toX

Share this article

Share toX

CHICAGO, April 24, 2024 /PRNewswire/ -- According to Arizton's latest research report, the South Korea data center market is growing at a CAGR of 8.43% during 2023-2029.

To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis

Continue Reading
This image opens in the lightbox
South Korea data center market research report by Arizton

South Korea Data Center Market Report Scope

Report Attributes

Details

Market Size (Investment)

USD 7.22 Billion (2029)

Market Size (Area)

688 thousand sq. Feet (2029)

Market Size (Power Capacity)

143 MW (2029)

CAGR Investment (2023-2029)

8.43 %

Colocation Market Size (Revenue)

USD 1.42 Billion (2029)

Historic Year

2020-2022

Base Year

2023

Forecast Year

2024-2029

South Korea is becoming a resilient data center market, propelled by a strategy prioritizing cloud service, a conducive business climate, and a well-established regulatory framework. Moreover, South Korea is a prominent Southeast Asian market, with investment opportunities driven by Artificial Intelligence and Renewable Energy initiatives. Major investments from local and international data center providers position the country as a pivotal player in the Asia-Pacific (APAC) digital infrastructure landscape.

Recently, South Korea has seen the development of smart cities such as Seoul, Incheon, Busan, and Daejeon. These cities implemented various smart solutions, including the Integrated Public Transportation Fare System, Demand-Responsive Transportation (DRT), Smart Grid, Smart Waste Management System, and numerous others.

Investment Opportunities in South Korea

  • In October 2023, LGU+ announced the completion of their second facility, Pyeoungchon 2 Center, in South Korea.
  • In September 2023, Kakao announced the completion of their data center facility in Ansan, Gyeonggi, South Korea.
  • In September 2023, SK Ecoplant announced plans to develop a data center campus facility in Pohang, South Korea.
  • In August 2023, the South Korean government announced plans to develop a 1GW data center campus in the Southwest of South Korea.
  • In June 2023, Empyrion DC commenced constructing its first data center facility in the Gangnam area of Seoul, South Korea.

Market Trends

  • The South Korean government has committed to overturning the earlier policy by the administration of phasing out nuclear energy—the previous approach aimed to reduce the number of operational nuclear plants to 17 by 2034.
  • South Korea plans to reduce its dependence on coal-fired power generation to 19.7% by 2030 and further down to 14.4% by 2036. Additionally, the country aims to decrease its reliance on gas-fired generation to 22.9% by 2030 and 9.3% by 2036.
  • KOEN, formerly Korea South-East Power (KOSEP), generates renewable power from photovoltaic - 36 MW, hydro - 18.6 MW, fuel cells - 51.9 MW, wind - 58.4 MW, and biomass - 325 MW.
  • Korea Western Power owns and operates around 17 solar power plants with a total capacity of around 43 MW. The Taean Small Hydro Power plant generates 2.2 MW, and the Hwasun Wind Power plant produces around 16 MW. In addition, the company generates around 39 MW of power capacity through fuel cells, generating around 35 MW of power through biomass.

Significant Growth in Cloud, Mission Critical, and High-Performance Infrastructure to Increase OCP and Arm-based Server Adoption Booming the Market Growth

The expansion of hyperscale data centers will likely increase the demand for arm-based servers and promote the procurement of high-performance infrastructure solutions and OCP infrastructure solutions. South Korea-based cloud service provider Douzone Bizon adopted Intel Xeon Scalable Processor solutions to decrease the total cost of ownership for managing blade servers.

Why Should You Buy This Research?

  • Market size is available regarding investment, area, power capacity, and South Korea colocation market revenue.
  • An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.
  • Investments in the area (square feet) and power capacity (MW) across cities in the country.
  • A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.
  • Snapshot of existing and upcoming third-party data center facilities in South Korea
    • Facilities Covered (Existing): 35
    • Facilities Identified (Upcoming): 19
    • Coverage: 12+ Cities
    • Existing vs. Upcoming (Area)
    • Existing vs. Upcoming (IT Load Capacity)
  • Data Center Colocation Market in South Korea
    • Colocation Market Revenue & Forecast (2023-2029)
    • Wholesale vs. Retail Colocation Revenue (2023-2029)
    • Retail Colocation Pricing
    • Wholesale Colocation Pricing
  • The South Korea data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
  • A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
  • Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
  • A transparent research methodology and the analysis of the demand and supply aspects of the industry.

Buy this Research @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis

Post-Purchase Benefit                            

  • 1hr of free analyst discussion
  • 10% off on customization

  The Report Includes the Investment in the Following Areas:

  • IT Infrastructure
    • Servers
    • Storage Systems
    • Network Infrastructure
  • Electrical Infrastructure
    • UPS Systems
    • Generators
    • Transfer Switches & Switchgears
    • PDUs
    • Other Electrical Infrastructure
  • Mechanical Infrastructure
    • Cooling Systems
    • Rack Cabinets
    • Other Mechanical Infrastructure
  • Cooling Systems
    • CRAC & CRAH Units
    • Chiller Units
    • Cooling Towers, Condensers & Dry Coolers
    • Economizers & Evaporative Coolers
    • Other Cooling Units
  • General Construction
    • Core & Shell Development
    • Installation & Commissioning Services
    • Engineering & Building Design
    • Fire Detection & Suppression Systems
    • Physical Security
    • Data Center Infrastructure Management (DCIM)
  • Tier Standard
    • Tier I & Tier II
    • Tier III
    • Tier IV
  • Geography
    • Seoul
    • Other Cities

Vendor Landscape

IT Infrastructure Providers

  • Arista Networks
  • Atos
  • Cisco Systems
  • Dell Technologies
  • Fujitsu
  • Hewlett Packard Enterprise
  • IBM
  • Inspur
  • Intel
  • Lenovo
  • NetApp

Data Center Construction Contractors & Sub-Contractors

  • BEHIVE Architects
  • DPR Construction
  • GS E&C
  • HanmiGlobal
  • Hyundai Engineering & Construction
  • ISG
  • POSCO ICT
  • SAMOO Architects & Engineers
  • Samsung C&T

Support Infrastructure Providers

  • ABB
  • Caterpillar
  • Cummins
  • Delta Electronics
  • Eaton
  • Fuji Electric
  • Legrand
  • Mitsubishi Electric
  • Piller Power Systems
  • Rittal
  • Rolls-Royce
  • Schneider Electric
  • STULZ
  • Vertiv

Data Center Investors

  • Actis
  • Digital Realty
  • Dreammark1
  • Digital Edge
  • Equinix
  • Hostway IDC
  • Kakao Corp
  • KT Corp
  • LG Uplus
  • LG CNS
  • Naver
  • NHN Corp
  • SOLISIDC
  • SK Broadband

New Entrants

  • Empyrion DC
  • ESR
  • OneAsia Network
  • Princeton Digital Group
  • Pure Data Centres Group
  • SC Zeus Data Centers
  • ST Telemedia Global Data Centres
  • STACK Infrastructure

Key Questions Answered in the Report:   
How big is the South Korea data center market?
How many existing and upcoming data center facilities exist in South Korea?
How much MW of power capacity will be added across South Korea during 2024-2029?
What factors are driving the South Korea data center market?
What is the growth rate of the South Korea data center market?
Who are the key investors in the South Korea data center market?

Get the Detailed TOC @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis

Check Out Some of the Top-Selling Research Reports:       
Indonesia Data Center Market - Investment Analysis & Growth Opportunities 2024-2029

Thailand Data Center Colocation Market - Supply and Demand Analysis 2024-2029 

Singapore Data Center Market - Investment Analysis & Growth Opportunities 2023-2028

Australia Data Center Market - Investment Analysis & Growth Opportunities 2023–2028 

Why Arizton?                      
100% Customer Satisfaction                      
24x7 availability – we are always there when you need us                      
200+ Fortune 500 Companies trust Arizton's report                      
80% of our reports are exclusive and first in the industry                      
100% more data and analysis                      
1500+ reports published till date                        

About Us:                                                            

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                                      

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.                                                           

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                                               

Contact Us                                                       
Call: +1-312-235-2040                                                       
          +1 302 469 0707                                                       
Mail: enquiry@arizton.com                                                        
Contact Us: https://www.arizton.com/contact-us                                                         
Blog: https://www.arizton.com/blog                                                        
Website: https://www.arizton.com/

Photo: https://mma.prnewswire.com/media/2396093/South_Korea_data_Arizton.jpg
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.