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Saturday, July 2, 2022

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

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Digital Realty Trust, Inc. [NYSE: DLR] has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the 64 MW IT capacity facility will be situated at Gurae-dong, Gimpo City in northwest Seoul. This location is nearly 23 kilometers from Digital Seoul 1 (ICN10). ICN10 is the first facility of Digital Realty in South Korea.

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The first facility of the firm is currently under development stage. The facility of DLR is programmed for delivery in the fourth quarter of 2021. The firm has shared the infrastructure details of the new facility which it is going to establish. The new, multi-story facility, Digital Seoul 2 (ICN11), is anticipated to cover 970,000 square feet.

It has been disclosed that it will be completely operational. Moreover, it will provide more opportunities for local and international corporations. Hence, it will increase its digital capabilities across South Korea by the first half of 2023. Furthermore, it has been revealed that the unveiling of ICN11 is an important part of the firm’s go-to-market strategy in South Korea.

DLR is anticipating striving to fulfill the quickly increasing demand and bringing value for customers across the region. The new development is part of a broader vision to develop a new era of open, secure, and energetically connected data communities in major hubs around the world to open chances in digital business.

Furthermore, the concerted approach with the industry intends to get rid of legacy barriers to digital transformation by more carefully associating with the hybrid IT and security considerations of multinational enterprises. CEO of Digital Realty disclosed that its continued investment in the country backs the delivery of carrier-neutral solutions to allow the digital revolution strategies of regional and international customers in the region.

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