Princeton Digital Group to invest USD $700m in South Korea site
Princeton Digital Group has announced plans to invest USD $700 million in a 48 MW data centre campus in Incheon, Greater Seoul, as the first step in a wider 500 MW capacity buildout in South Korea. The expansion marks the company's entry into its seventh market in Asia Pacific.
Market entry
The company, headquartered in Singapore, already operates data centres in Singapore, Japan, India, Indonesia, China, and Malaysia. With its South Korean initiative, Princeton Digital Group aims to serve the growing demand from cloud and AI services in the country, which is one of Asia's leading digital economies.
South Korea presents a challenging environment for data centre operators due to limited land availability, grid restrictions, and complex regulatory requirements. Despite these barriers, the company has announced that it will move ahead with the SE1 campus in Incheon, which will be constructed on an 11,000 square metre site and is expected to be operational in early 2028.
Technical details
SE1's power requirements are already contracted, according to the company. The campus will be built to accommodate hyperscale and AI workloads, featuring advanced cooling and high-density systems designed to meet both efficiency standards and environmental targets. Princeton Digital Group has stated its commitment to operate in line with Net Zero by 2030 and RE100 standards at the new development.
The forthcoming facility is part of a larger strategy to create multiple campuses across South Korea, targeting a total IT capacity of up to 500 MW to address domestic cloud and AI growth. The company's pan-Asia network will now exceed 1.2 GW of capacity spanning more than 20 campuses throughout the region.
Investor support
In South Korea, the company expects to draw upon support from its global blue-chip investor base to meet the high demands of hyperscale customers. The new Incheon campus will provide infrastructure services to large technology and cloud firms seeking local data solutions in one of the region's most mature markets.
"South Korea is one of Asia Pacific's most advanced digital economies and a critical market for cloud and AI hyperscalers. Our entry is part of a long-term plan to be a significant provider of AI and cloud data center capacity in the country," said Rangu Salgame, Chairman, CEO and Co-founder, Princeton Digital Group.
The SE1 construction is set to start before the end of 2025, with operations planned to commence in early 2028.
