Base on Location Adjacent to Korea Exchange
Enhancing Financial Specialized DC Competitiveness
KT Cloud will start building next-generation financial infrastructure by expanding the “Yeouido Data Center (DC),” a financial data center.
According to KT Cloud on the 10th, the expansion is a strategic measure to preemptively secure advanced information technology (IT) infrastructure in line with the rapidly changing financial market environment, such as expanding investment at home and abroad and spreading multiple trading market systems. KT Cloud plans to focus on fostering Yeouido DC as a financial infrastructure base that organically connects financial institutions, the Korea Exchange (KRX), and the global cloud.
Recently, the domestic financial market has experienced a rapid increase in digital transactions and structural changes that require the simultaneous connection of multiple trading markets. As a result, the importance of the “ultra-low latency” trading environment, which will support global investors’ expansion of participation in the domestic market, along with high-performance infrastructure that can process large-scale data in real time, is growing. This is because the location and connectivity of data centers are paramount to secure the quality and competitiveness of core tasks in the financial sector, which are sensitive to delay times such as real-time transactions, market data processing, and risk management.
KT Cloud emphasized that Yeouido DC is close to major financial institutions, including the Korea Exchange, the center of the domestic capital market, making it an optimal location for realizing an ultra-low-delay trading environment based on physical proximity. An official from KT Cloud explained, “We have been operating Yeouido DC stably based on the accumulated know-how in operating key systems in the financial sector, and a number of large securities companies are currently using it as a major system.”
Through this expansion, KT Cloud plans to secure an additional two-story capacity and aims to complete it in June next year. In the future, it plans to further strengthen the infrastructure of financial-specific data centers by gradually expanding its base in the Yeouido area. In particular, it plans to upgrade its “Proximity Hosting” service by utilizing its strengths adjacent to the Korea Exchange, and provide high connectivity and security based on cross-connect, one DC network, HCX (Hyper-Connectivity eXchange), and DDoS (Clean Zone), a service. Furthermore, it plans to sequentially expand TaaS (Time as a Service), a next-generation financial-specific service.
Kim Bong-kyun, CEO of KT Cloud, said, “The importance of financial infrastructure that supports the ultra-low-delay trading environment and stable connection is growing due to changes in the structure of the financial market. We will actively support financial institutions’ digital innovation and global market connection by developing Yeouido DC as the representative financial infrastructure hub in Korea.”