Keppel enters South Korea data centre market with planned 60MW facility
The SMA information centre landscape supplies a compelling entry factor for Keppel, observes Lee Hui Fang, chief investment officer for information facilities at Keppel. “By securing scarce power in a shovel-ready site, we are improving our deep capabilities in information centre fund monitoring and advancement to capture the complete upside of Korea’s digital improvement,” she includes.
The future center on the site will be an AI-ready data centre, said Keppel in a June 9 release. Built with Tier III-equivalent specifications, the data centre will be keyed to serve hyperscalers, cloud service providers and corporates.
Construction permits and power approvals have actually been obtained for the site, with the data center intended to be functional by 2030.
Additionally, brand-new data hub supply in the SMA is restricted as regulatory requirements and power constraints have actually reduced new advancements. March data from JLL indicates that the SMA data centre industry has a vacancy price of just 1.4%, while the entire supply pipeline across 2025 to 2027 has actually already been totally pre-leased.
The South Korean data center market is expanding quickly, claimed Keppel, supported by cloud shift, AI adoption and the country’s ambition to become a global AI giant. In the SMA, information centre strength need is expected to hit 2.3 GW by 2030, driven by need from both overseas and domestic business.
Singapore-based asset executive Keppel has reported that its exclusive fund, Keppel Data Centre Fund III (KDCF III), has gotten a land plot in Ansan, within the Seoul Metropolitan Area (SMA) in South Korea. The site is going to be used to create a 60MW greenfield data facility, marking the firm’s initial foray into South Korea’s information centre market.
The Ansan facility will sign up with Keppel’s standing portfolio of 39 data facilities, which had a complete gross power capacity of over 800MW as at the end of 2025. The plan also notes the 2nd financial investment by KDCF III, whose fund under supervision has grown to somewhere around $2.7 billion as of completion of 2025.
KDCF III will certainly acquire a 73% efficient stake in a special function vehicle that possesses the land. The lasting 27% is carried by a range of South Korean companies, consisting of developer Shinyoung, financial services firm NH Securities and construction business Hyundai E&C.
