Japan, South Korea primed for data center growth in age of AI

There is strong and increasing demand for data centers in South Korea and Japan, and advances in AI will mean that Seoul, Osaka and Tokyo won’t be the only locations for largescale data center development going forward. Those are some of the main takeaways from a recent panel discussion hosted by Mingtiandi.

Japan topped the Asia Pacific region in 2022 by raising $4.2 billion for new data center projects, while South Korea tied with India for the second spot with $1.9 billion in commitments for new developments last year.

Patrick Boocock, CEO of private equity alternative assets for CapitaLand Investment’s real assets team, said “With increased 5G cloud computing, digitalization, AI, all of the tailwinds that are supporting the data center industry, coupled with … supply challenges in terms of finding adequate, suit