Apollonia Capital Facilitates MoU to Develop Eco-Friendly Data Centers in Gangwon Province, South Korea
Seoul, South Korea & Tel Aviv, Israel – Apollonia Capital, in a significant move to advance sustainable technology infrastructure, facilitaes a Memorandum of Understanding (MoU) with KT Group, local authorities, and Dror Investments based in Tel Aviv, Israel. This MoU sets the stage for a strategic collaboration aimed at attracting global technology leaders to develop state-of-the-art, environmentally friendly data centers in Gangwon Province in South Korea.
This ambitious project aims to construct over 300MW of carbon-free, tier-4 data centers by 2027, leveraging renewable energy sources including hydrothermal, nuclear, and wind power. This initiative promises to streamline the permitting process and bolster the provision of secure, reliable cloud services across East Korea.
Dror Investments, in partnership with Shoefeld Data Services (SDS), will lead the design and construction of these data center campuses. Working alongside KT, Korea's largest data center operator and telecom company, the project will integrate cutting-edge water conservation and liquid cooling technologies from Nautilus and ZutaCore. The first campus is projected to be operational within 24 months of signing definitive agreements.
The Korean government has recognized Gangwon State as an ideal location for this project, outside Seoul’s traditional tech hub, to stimulate regional development and capitalize on the area’s robust green power and connectivity infrastructures. KT will play a critical role in advocating for governmental support of trusted digital and sovereign cloud services from the emerging data center cluster.
Additionally, Gangwon State, the designated city in Korea, along with the Gangwon State Free Economic Zone Authority (GSFEZA), plans to utilize portions of the new data centers for government operations and public services, in line with a "cloud-first" policy. This policy encourages government agencies, state-owned enterprises, and local entities to migrate their data and computing services to the cloud.
"This MoU underscores our dedication to promoting sustainable development and technological innovation," stated a spokesperson for Apollonia Capital. "Through collaboration with key stakeholders in technology, government, and finance, we are committed to establishing a top-tier data center hub in Gangwon State, setting new benchmarks for ecological and technological progress."
This MoU signifies a strong commitment from all involved parties to advance the data center project and attract leading hyperscalers such as Microsoft, Amazon, NVIDIA, Google, META, and TikTok to establish their presence in Gangwon State.
About Apollonia Capital
Apollonia Capital is a premier investment firm focused on innovative financial solutions and infrastructure projects. With a commitment to sustainable growth and cutting-edge technology, Apollonia Capital is dedicated to enhancing global technological capabilities and driving economic development.
