OKESTRO: Sejong
The recently founded cloud company, Okestro, is investing 700 billion won ($477.9 million) to transform the vacant Sejong Finance Center II into a new data center.
Established in May 2018, Orchestro is one of the world's fastest-growing cloud software companies. Leading cloud data centers in South Korea, including Samsung Group, Hana Financial Group, and the National Information Resources Management Service, rely on Orchestro's cloud software to manage their critical data and assets. Through aggressive investment and M&A since 2023, Orchestro aims to become the world's largest cloud software company by 2027.
The recently founded cloud company, Okestro, is investing 700 billion won ($477.9 million) to transform the vacant Sejong Finance Center II into a new data center.
October 24, 2026 Seoul
KT Cloud has started construction on a 50MW AI data center in Ansan, Gyeonggi Province, with completion targeted for 2029. The company announced the Ansan AI Data Center on Oct. 22. KT Cloud develops the facility on land it owns and will operate it. CJ Logistics' construction division won the...
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August 01, 2026 Seoul
South Korean conglomerate LG will invest an additional 1.3 trillion won ($910 million) in its 200MW data center project in Paju, located about 19 miles (31km) north of Seoul, according to local reports. The new investment more than doubles LG’s previous commitment of 615.6 billion won ($441.7...
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June 16, 2026 Seoul
NFD Korea is planning a 300MW data center campus in Dangjin, a city south of Seoul. The 43,188 sqm (464,871 sq ft) facility will include six buildings, each with 50MW of capacity. The company has secured construction permits and a power agreement with Korea Electric Power Corporation, with...
Read moreMarch 31, 2022 Seoul
Alibaba Cloud has announced the opening of a new data center in Seoul, South Korea. The company first revealed plans for a South Korean cloud region last year. It currently operates 82 Availability Zones and 26 regions across the globe. Alibaba’s head of Cloud Intelligence for Japan and Korea,...
Read moreMarch 21, 2022 Seoul
Pacific Asset Management and Canada Pension Plan Investment Board have formed a joint venture for the sole purpose of developing a hyperscale data center in Seoul, South Korea. The two companies announced that they would be investing KRW 200 billion (US$164.4 million) to develop the largest...
Read moreMarch 01, 2022 Seoul
Singapore’s SC Capital Partners (SCCP) has announced the launch of a new data center firm. The real estate investment firm says it will be developing hyperscale facilities across Asia. Zeus Data Centers, backed by SCCP, launched its website and social media pages in the summer. Reports show that...
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