Daewoo E&C Joins Forces with Operator to Strengthen Full-Cycle Capabilities in Data Center Development, Construction, and Operations

Daewoo E&C and KINX Sign Business Agreement for Development Projects

Daewoo E&C announced on the 24th that it has signed a business agreement with KINX, a data center operator, for data center development projects.

Under the agreement, the two companies will jointly identify hyper-scale and AI data center development projects and establish a cooperative model that integrates development, construction, and operations. They will also work on securing development partnerships at the early stages of projects. Both sides plan to actively cooperate to expand opportunities for participation in data center projects that they jointly pursue or review.

Daewoo E&C expects that by preemptively securing a specialized data center operator through this agreement, it will strengthen its competitiveness in securing new contracts in the future. It also expects to benefit from securing priority construction rights for new projects promoted or reviewed with KINX. For KINX, this agreement enables the company to secure a proven development and construction partner.

Jeon Yongsoo, Head of Architecture Business Division at Daewoo E&C (left), and Kim Jiuk, CEO of KINX, are taking a commemorative photo after signing an MOU on the 23rd.

To diversify its construction business, Daewoo E&C is increasing its share of non-residential projects, such as by newly establishing a data center TFT. Moving beyond its previous focus on construction, the company is now building its capabilities as an integrated data center developer, covering development, investment, and operations. The company is participating as both investor and construction partner in projects such as the Empyrean Digital AI Campus—its first in the Gangnam area in 10 years—and the Jangseong Pine Data Center, the first of its kind launched in Jeonnam. Earlier this year, Daewoo E&C signed an agreement with Jeonnam to develop an AI Data Center Cluster.

A company representative said, "We will enhance our competitiveness by combining our unrivaled know-how in construction and development accumulated in the domestic data center market with KINX's expertise in operations," adding, "Based on a successful cooperation model in the domestic market, we also plan to expand global partnerships and actively explore entry into the global data center market."

This content was produced with the assistance of AI translation services.