Key Market Highlights: 

• As of February 2023, the total population of South Korea is around 51.8 million, and the total number of mobile connections is around 64.2 million. The number of social media users is around 47.6 million, which is around 92% of the total population. 

• Other factors leading to growth in investment opportunities in the market include global investments by firms such as Macquarie Telecom Group, G Company, E Asset Management, and others. The expected growth in demand from such businesses will intensify the competition in the data center colocation and construction market. 
• The Top 3 Operators, LG Uplus, KT Corp and LG CNS, contribute over 70% of the existing rack capacity in the South Korea Data Center Market. 
• Regarding geography, Seoul, Anyang, and Busan account for over 85% of the existing IT Load Capacity.