Warburg Pincus Break Ground on 80MW Facility in South Korea

Investment firm Warburg Pincus this week announced that it has partnered with DC Connects, a South Korean data center developer, and Wide Creek AMC, a Seoul-based asset manager, to acquire a greenfield site in Yongin City and develop an 80MW data center.

Dongkun Cho, principal of Warburg Pincus, said: “South Korea represents one of the most compelling markets for next-generation digital infrastructure investment. As Asia’s fourth-largest economy and one of the most advanced ICT ecosystems globally, the country continues to experience accelerating demand for data capacity, driven by AI adoption, cloud migration, and the government’s ‘Digital New Deal’ initiative. At the same time, the Greater Seoul area faces a limited pipeline of large-scale, well-permitted sites with secured power, creating a highly attractive supply–demand dynamic. Partnering with DC Connects and Wide Creek AMC, we are excited to develop a state-of-the-art, 80MW hyperscale data center in Yongin that will deliver reliability, efficiency, and high-density capabilities to meet the evolving needs of global and domestic technology leaders.”

Founded in 1966, Warburg Pincus has more than $86 billion in assets under management. Its data center investments include Princeton Digital Group, Evolution Data Centers, ESR, and Bohao in China. The company is said to be interested in acquiring part of Global Switch.

Choi added: “We are proud to break ground on a strategic asset designed from the ground up to meet growing demand from global and local cloud and AI leaders. With 80MW of capacity, best-in-class cooling and power systems, and built-in flexibility for rapid deployment, this data center will deliver the reliability, efficiency, and high-density capabilities that tenants need to operate at scale. This project brings together global expertise, local knowledge, and the dedication of our homegrown team. Together with our partners, we are committed to building secure, future-ready data centers that support our tenants’ long-term growth.”