Keppel enters South Korea data centre market with planned 60MW facility
The SMA data centre landscape provides an engaging entry point for Keppel, observes Lee Hui Fang, chief investment officer for data hubs at Keppel. “By getting scarce power in a shovel-ready site, we are building on our deep capabilities in data centre fund monitoring and development to catch the complete upside of Korea’s digital change,” she includes.
Construction licenses and power authorizations have actually been secured for the site, with the information centre intended to be working by 2030.
The Ansan facility will partner with Keppel’s occurring portfolio of 39 information centers, which had an overall gross power capacity of over 800MW as by the end of 2025. The plan even marks the 2nd investment by KDCF III, whose fund under supervision has increased to approximately $2.7 billion since completion of 2025.
KDCF III will certainly get a 73% reliable risk in a special purpose mechanism that operates the land. The standing 27% is carried by a consortium of South Korean business, including developer Shinyoung, financial services firm NH Securities and construction enterprise Hyundai E&C.
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The future facility on the site will be an AI-ready information center, stated Keppel in a June 9 launch. Built with Tier III-equivalent requirements, the data centre will be primed to serve hyperscalers, cloud service providers and corporates.
The South Korean data center industry is growing rapidly, claimed Keppel, supported by cloud move, AI adoption and the country’s aspiration to end up being a worldwide AI giant. In the SMA, information centre strength demand is expected to hit 2.3 GW by 2030, generated by demand from both worldwide and local firms.
Singapore-based asset executive Keppel has released that its exclusive budget, Keppel Data Centre Fund III (KDCF III), has recently obtained a property plot in Ansan, inside the Seoul Metropolitan Area (SMA) in South Korea. The site is going to be utilized to establish a 60MW greenfield data facility, noting the firm’s initial venture right into South Korea’s information center market.
Additionally, new information hub supply in the SMA is limited as regulating requirements and power restrictions have stopped brand-new developments. March data from JLL shows that the SMA information center industry has a vacancy price of simply 1.4%, whilst the whole supply pipeline throughout 2025 to 2027 has actually already been completely pre-leased.
