Looks like Taiwan from the road signs.
From what I see, the fella lifted off the gas too fast. The weight balance fly instantly towards the front along with the heavy V8 and nothing was weighing down the rear and it insta-aquaplaned. No hope of recovery, even if the DSC was on, because there was absolutely no grip on the rear tires. He was already counter-steering, but the rear was still sliding faster than his front, hence why it looked like he was deliberately turning into the concrete barrier.
Just maybe, he could have saved the car if he let go off the brakes and let the car's weight balance on the rear, but highly unlikely.