Keppel enters South Korea data centre market with planned 60MW facility
The SMA information centre landscape supplies an engaging entry point for Keppel, observes Lee Hui Fang, chief investment policeman for data hubs at Keppel. “By securing limited power in a shovel-ready location, we are building on our deep capacities in information centre fund monitoring and growth to record the complete upside of Korea’s electronic improvement,” she adds.
The Ansan center are going to join Keppel’s existing profile of 39 information centers, which had a total gross power capacity of over 800MW as at the end of 2025. The project also notes the second financial investment by KDCF III, whose fund under supervision has grown to somewhere around $2.7 billion as of the end of 2025.
Simultaneously, new data centre supply in the SMA is restricted as regulatory requirements and power constraints have actually curtailed brand-new growths. March data from JLL suggests that the SMA data center industry has a vacancy rate of simply 1.4%, whilst the entire supply pipe across 2025 to 2027 has currently been fully pre-leased.
The South Korean information center market is growing quickly, said Keppel, supported by cloud migration, AI adoption and the nation’s aspiration to end up being a global AI powerhouse. In the SMA, data centre power demand is expected to strike 2.3 GW by 2030, steered by need from both overseas and local firms.
Construction authorizations and power approvals have been obtained for the site, with the information centre intended to be functional by 2030.
KDCF III will certainly obtain a 73% reliable risk in a special purpose mechanism that operates the land. The lasting 27% is contained by a consortium of South Korean companies, including developer Shinyoung, financial services firm NH Securities and construction enterprise Hyundai E&C.
The future center on the site will be an AI-ready information centre, said Keppel in a June 9 release. Constructed with Tier III-equivalent specs, the data centre will be keyed to serve hyperscalers, cloud service providers and corporates.
Singapore-based asset supervisor Keppel has released that its exclusive budget, Keppel Data Centre Fund III (KDCF III), has recently gotten a property plot in Ansan, within the Seoul Metropolitan Area (SMA) in South Korea. The site is going to be used to develop a 60MW greenfield data center, marking the business’s very first foray right into South Korea’s information facility market.
