New Expansion of Data Center in South Korea Announced by Equinix
Equinix, Inc is a global data center company, which has recently announced a new major expansion of their footprint within South Korea. The new facility will be called the International Business Exchange (IBX) will be carrier-neutral and known as SL1 for short. It is set to provide interconnection and colocation services to a wide variety of different types of customers in the region. This is just the latest in their ongoing effort to grow in the Asia-pacific area.
About the Facility
This latest facility will offer more than 18,000 square feet of colocation space, which will include 550 cabinets int eh first phase. This will continue to expand as the project moves forward. The initial phase is set to open in the third quarter of 2019 assuming there are no delays. Once operational, they will lease out the space to businesses in South Korea and the surrounding area.
In an effort to meet the ever-changing needs of global and local businesses, the SL1 data center will give many different connectivity options. This includes cross connects, Equinix Internet Exchange, Equinix Connect, and Equinix Cloud Exchange Fabric. Businesses can rely on the secure and direct connections to customers and partners around the world when going through this one data center.
This new facility has already gotten the attention of some major companies in the region. Kiho Gum, the VP, Cloud Services Director with Samsung SDS said, “We are delighted that Equinix is extending its global footprint to our native country with a presence in Seoul, South Korea. Based on our great experience working with Equinix in the global market, we believe this expansion will have a truly positive impact, enabling us and other local companies to interconnect with other markets regional and globally, and enjoy greater scalability to meet the changing needs of businesses in today’s fast-paced economy.”
Building in South Korea
The South Korean market is very attractive to tech companies, and especially data center facilities like this. It is one of the top 15 economies in the world and is very well known for their advanced technology sector. South Korea boasts some of the fastest average internet connection speeds in the world, and they have an ongoing commitment to keeping up with the latest systems on the market.
South Korea is expected to introduce 5G networks in March of 2019, which will push their already blazing fast Internet speeds up significantly. All of this technology, of course, requires advanced data centers to process and transmit the data that is being used. In addition to the 5G systems, South Korea is a leader in the adoption of Internet of Things Devices, Artificial Intelligence, and a variety of other data intensive systems.
In just the last three years alone, Equinix has put more than $800 million into the Asia-Pacific region. This has primarily been to expand their data center presence in this highly desirable area. They currently boast 200 IBX data centers across 24 countries in 52 separate markets around the world. 40 of these facilities are currently in the Asia-Pacific region, spread across 12 different markets.