South Korea’s KT & Far East Development Corp. to Promote Data Centre Projects in Russia

The aerial image of ‘KT DX IDC Yongsan’, the largest Internet data center (IDC) in Seoul, Korea, opened on November 4.

KT Corporation (KT), South Korea’s largest telecommunications company has signed an MOU with the Far East Development Corp. (FEDC) to promote IDC infrastructure construction and health examination centre projects in Russia.

FEDC is in charge of investment attraction and development in the Far East. KT signed an MOU with the corporation at the Sixth Eastern Economic Forum, which is held in Vladivostok from September 2-4, according to a report in BusinessKorea.

KT is planning to build IDC infrastructure in Vladivostok and provide services to Russian companies and Korean companies and global companies that entered Russia, the report added.

Further, KT will establish and operate a health examination centre that combines innovative digital transformation (DX) and ICT capabilities. This project is expected to significantly improve the medical environment in Russia’s Far East.

The health examination centre project will be carried out in cooperation with Korean medical institutions, including the Korea Health Industry Development Institute and Busan National University Hospital. During the forum, KT signed an MOU with Russia’s largest bank, Sberbank, to cooperate in building a health examination centre.

KT has made its intent to build data centres abroad clear. In February this year, KT announced a partnership with the South Korea’s Land and Housing Corporation (LH) to build internet data centres overseas.

In a Memorandum of Understanding (MoU) signed by both parties, KT will be installing data centers in LH’s overseas industrial facilities and offer digital transformation services to both South Korean and foreign companies.

Venkatesh Ganesh

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