Keppel enters South Korea data centre market with planned 60MW facility
The Ansan facility are going to sign up with Keppel’s occurring profile of 39 information facilities, which had a complete gross power capacity of over 800MW as at the end of 2025. The plan even marks the 2nd financial investment by KDCF III, whose fund under management has developed to roughly $2.7 billion as of completion of 2025.
KDCF III will acquire a 73% reliable risk in a significant purpose vehicle that owns the land. The remaining 27% is carried by a range of South Korean business, including developer Shinyoung, financial solutions firm NH Securities and construction enterprise Hyundai E&C.
Additionally, new information centre supply in the SMA is restricted as regulating requirements and power constraints have actually cut new growths. March data from JLL suggests that the SMA information center industry has a vacancy price of simply 1.4%, whilst the entire supply pipeline across 2025 to 2027 has already been totally pre-leased.
Construction licenses and power authorizations have actually been obtained for the site, with the information centre intended to be operational by 2030.
The SMA data centre landscape provides a compelling entry point for Keppel, observes Lee Hui Fang, primary investment officer for data facilities at Keppel. “By securing scarce power in a shovel-ready site, we are building on our deep capacities in data centre fund regulation and advancement to catch the full upside of Korea’s electronic improvement,” she adds.
The future center on the site will be an AI-ready information center, stated Keppel in a June 9 release. Built with Tier III-equivalent specifications, the data centre are going to be primed to serve hyperscalers, cloud service providers and corporates.
Singapore-based asset manager Keppel has released that its private fund, Keppel Data Centre Fund III (KDCF III), has recently acquired a property plot in Ansan, inside the Seoul Metropolitan Area (SMA) in South Korea. The site will be used to establish a 60MW greenfield data facility, noting the firm’s very first foray into South Korea’s information center market.
The South Korean data center market is growing quickly, stated Keppel, supported by cloud move, AI adoption and the country’s passion to end up being a global AI giant. In the SMA, information center strength need is expected to hit 2.3 GW by 2030, driven by need from the two overseas and domestic firms.
