Daewoo Engineering & Construction is collaborating with KINX, a specialist in data center operations, to engage in a comprehensive partnership for the development, construction, and operation of data centers.
On July 23, Daewoo announced that it signed a memorandum of understanding (MOU) with KINX at KINX's headquarters in Gwacheon.
Attendees at the signing ceremony included Jeon Yong-soo, head of Daewoo's Architectural Division, Lee Sang-won, executive director, members of the Data Center Task Force, KINX CEO Kim Ji-wook, and Executive Director Choi Jong-ok, among other key representatives from both companies.
The agreement aims to explore hyper-scale and AI data center development projects, establish a collaborative model for development, construction, and operation, and secure partnerships from the early stages of projects.
Daewoo brings its expertise in data center development and construction, while KINX offers operational experience and network competitiveness from its Gwacheon and Dogok data centers. The two companies plan to expand mutual participation opportunities in data center projects they pursue or review together.
Daewoo aims to enhance its competitiveness and stability in future data center projects by proactively securing specialized operational partners. KINX also expects to strengthen its foundation for expanding new data center supply through partnerships in development and construction.
Recently, Daewoo has accelerated its expansion beyond residential projects into the non-residential sector. In response to the AI era, it established a Data Center Task Force and has been pursuing a developer business model that encompasses development, investment, and operation, rather than just construction.
Daewoo is currently involved as an investor and contractor in the new data center project 'Empyrean Digital AI Campus' in the Gangnam area and the first 'Jangseong Fine Data Center' in Jeollanam-do. Earlier this year, it also collaborated with Jeollanam-do to establish an AI data center cluster.
As demand for data centers grows with the expansion of AI, construction companies are broadening their scope beyond simple construction contracts to include site acquisition, operational partnerships, and investment structures in development projects.
Daewoo plans to expand its business scope as an 'integrated developer' covering all processes from site acquisition to development, construction, operation, and sale of data centers.
A Daewoo representative stated, “By combining Daewoo's construction and development expertise accumulated in the domestic data center market with KINX's operational capabilities, we will secure competitiveness in the market. Based on a successful collaboration model in the domestic market, we will actively pursue partnerships abroad to enter the global data center market.”
* This article has been translated by AI.
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