Koramco Asset Management and DCI Data Center have started work on a data center in Seoul, South Korea.

Local press reports the investment firm and the Brookfield-owned operator held a groundbreaking ceremony this week for the Ansan Sihwa AI data center at the Sihwa National Industrial Complex in Danwon-gu, Ansan-si.

The multi-story facility will total 26,810 sqm (288,580 sq ft) and offer 40MW of capacity.

The two companies first announced plans for the project last year. This will be DCI’s second data center in South Korea, following its 20MW SEL01 facility in Seoul, and will also be Koramco’s second data center investment.

A fully-owned portfolio company of Brookfield, DCI was founded in 2015 and acquired by Brookfield in 2019. It now has more than ten data center sites with 130MW of IT capacity in development across the APAC region, including Sydney, Adelaide, and Canberra in Australia, and Auckland, New Zealand.