A recently established cloud company plans to develop a data center in Sejong, South Korea.

Local press including etv reports that Okestro Cloud, the cloud subsidiary of cloud orchestration provider Okestro, signed an MoU with Sejong City this week to convert a vacant office building into a data center.

Okestro is to invest 700 billion won ($477.9 million) in redeveloping the Sejong Finance Center II building in Eojin-dong into a 40MW data center. The vacant building totals 30,000 sqm (322,917 sq ft) across seven stories (three of which are underground).

Sejong City Mayor Choi Min-ho said: “With the establishment of the data center, a new stepping stone has been laid for the city to develop into a public institution data hub.”

Okestro was set up in 2018, and provides orchestration, server virtualization, and AIOps services for cloud environments.

The company has previously secured 152 billion won ($103.7m) in Series A and B funding rounds; investors include STIC Investment, IMM Investment, KDB Bank, and Industrial Bank of Korea (IBK).

Expanding beyond just software, Okestro Cloud was established at the turn of the year to provide cloud services to customers.