Daou Technology Decides to Invest 223.4 Billion KRW in Building Cloud Data Center

[Asia Economy Reporter Jang Hyowon] Daou Technology announced on the 26th that it has decided to invest 223.4 billion KRW in building the Daou Cloud Data Center.

This investment corresponds to 6.88% of the company's equity capital as of the end of last year. The investment period is until August 31, 2023. The cloud center is located in Yongin-si, Gyeonggi-do.

The company explained, "We decided to expand the data center business due to the increasing demand for cloud services."