Senior Analyst, Mark Lebbell at Utilico Emerging markets Investment Trust (UEM), reports on leading South Korean digital infrastructure holding KINX.
The Utilico team recently travelled to Korea and met with the KINX senior management as well as a number of telecoms, technology and infrastructure companies.
KINX are currently developing a new 10MW data centre in Seoul, due to open to customers in 3Q24, which should continue to drive strong revenue and profit growth in the coming years. KINX provides the only neutral internet exchange in South Korea, with five other co-location data centres and the new Gwacheon data centre.
It was very clear to UEM there is strong demand for data centre capacity in the country.
Despite the share price rising by 82% in 2023, UEM remain excited about KINX’s potential for value appreciation within the portfolio.
