Oracle Korea announced on July 3 that it would open a new data center within a year after it established the first one, dubbed Seoul Region, in May this year.
Oracle's second-generation cloud data center is distinguished from first-generation services of the existing service providers like Amazon Web Services (AWS) and will provide up-to-date services such as autonomic operations databases, the company said at a news conference held at COEX InterContinental Hotel in Gangnam-gu, Seoul.
The company said that there are more than 100 domestic companies that have completed or are promoting a cloud migration through its second-generation cloud data center Seoul Region. Oracle’s customers include KEB Hana Bank, SK Store, T’wayAir, Chosun University, and Artbox. The company is collaborating with major IT service companies such as Samsung SDS, LG CNS and Lotte Information & Communication.
Oracle plans to open a second data center outside of Seoul this year. Bryan Thompson, vice president for product management, said, "We have nine regions around the world, including the one in Korea, and plan to increase this number to 19 by the end of this year. We will also establish a second data center in Korea within 12 months."
Opening of Oracle's data center is likely to intensify competition among companies in the domestic cloud market, which is projected to grow to 10 trillion won by 2023. AWS and Microsoft (MS) already have a data center in Korea, and Google has announced that it will set up a new region in Seoul next year.