Fisher Capital Management News: KT, Softbank to create a cloud computing company in Korea

http://fieldworkisnot.net/fisher-capital-management-news-kt-softbank-to-create-a-cloud-computing-company-in-korea

Seoul

30th May (Yonhap) – South Korea telecommunications titan KT Corp. and Softbank Corp., Japan Telecom will launch a joint cloud computing company in South Korea later this year, the company said on Monday, in order to meet the demand for reliable storage systems that can protect the company’s Internet data to natural disasters.

KT

have 51 percent and Softbank owns the rest of the joint venture that will be created in September, said in a press release together.

Two telecommunications companies to open data center in Gimhae, the second largest city in South Korea, Busan, near Japan, offering its services to Japanese companies looking for reliable data storage center.

KT, who stepped outside the business sector of telecommunications services, plans to offer cloud computing services for businesses and consumers in Japan, who is struggling with a lack of electricity caused by an earthquake in March.

As a result of natural disasters in Japan and disabled Fukushima nuclear power plant will be Japanese companies to reduce their electricity consumption by 15 percent in July as part of the country’s efforts much demand curve, which make it difficult for companies that operate their own data centers.

through a joint venture in South Korea, Softbank aims to ensure a stable data center storage area network enterprise data securely in natural disasters and power failures.

“Through this project we will be able to protect critical systems and business data against natural disasters such as earthquakes,” said Masayoshi Son, Softbank president in a statement.

Korea Fisher Capital Management is a leading global financial institutions maintain extensive relationships with financial institutions, institutional investors and companies around the world. As a service firm Fisher Capital Management, Korea offers a wide range of services including investment banking, risk management advanced, corporate strategy and structure, in addition to raising capital through debt securities markets. With this backbone continue to provide unparalleled customer service.

Fisher Capital Management Korea is a leading global financial institutions maintain extensive relationships with financial institutions, institutional investors and companies around the world. As a service firm Fisher Capital Management, Korea offers a wide range of investment banking services including advanced risk management, corporate strategy and structure, in addition to raising capital through debt markets value. With this backbone continue to provide unparalleled customer service.

About the author

Fisher Capital Management Korea is a leading global financial institutions maintain extensive relationships with financial institutions, institutional investors and companies around the world. As a service company Fisher Capital Management, Korea offers a wide range of investment banking services including advanced risk management, corporate strategy and structure, in addition to raising capital through debt securities markets. With this backbone continue to provide unparalleled customer service.

Tags: natural disasters in japan

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