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PDG $700M for 48MW Incheon data campus to boost AI in Asia

PDG invests $700M to build a 48MW Incheon campus, first phase of a 500MW Korea rollout; AI-ready, contracted power, aiming Net Zero by 2030. .

AM
Alvaro de la Maza

Partner at Aninver

Key Takeaways

  • Sector: Digital Infrastructure.
  • Geography: South Korea.

Analysis

Princeton Digital Group (PDG) has committed USD 700 million to establish a 48 MW hyperscale campus in Incheon, marking the company’s entry into South Korea. The project, named SE1, is described by PDG as the opening phase of a broader plan to deliver up to 500 MW of AI-optimised capacity across the country. Construction is set to begin imminently, with service readiness targeted in early 2028.

The SE1 site occupies roughly 11,000 sqm and sits about 40 minutes from central Seoul. PDG says power for the facility is fully contracted — a material advantage in Korea’s constrained grid environment. SE1 will be configured for high-density AI and cloud workloads, combining advanced cooling systems and energy-efficient infrastructure designed to meet the needs of hyperscalers and large enterprise cloud customers.

PDG positions the build as part of a regional push: its portfolio now exceeds 1.2 GW of IT capacity across seven countries and more than 20 campuses. The new investment reinforces the group’s claim to be a leading pan-Asia operator serving hyperscale cloud and AI demand. Rangu Salgame, PDG’s Chairman, CEO and Co‑founder, said the Korean campus is a strategic step to serve global cloud and AI firms that are accelerating deployments in Asia.

South Korea is widely recognised as one of Asia’s most advanced digital markets, but it presents unique barriers: limited developable land, tight permitting regimes and pressures on local power supplies. Analysts point to rising hyperscaler activity — particularly for AI workloads that consume significantly more power per rack — as the principal growth driver. Market observers estimate the Korean data center market will expand at a strong pace over the coming years, with demand concentrated around greater Seoul and coastal industrial hubs.

On sustainability, PDG highlighted its corporate commitments, including a Net Zero by 2030 ambition and support for RE100 goals. PDG says SE1’s design will prioritise energy efficiency and modular scaling to reduce emissions intensity for high-density compute. The company also emphasised that having contracted power for the site helps mitigate one of the biggest execution risks for large-scale deployments in Korea.