Naver stock: $9 billion Brookfield deal clears path for Nvidia investment

NAVER said on Tuesday, October 27, 2026, that it had signed an agreement with Brookfield to secure up to 9 billion US dollars of computing infrastructure. The company said the agreement meets a precondition for NVIDIA's planned strategic equity investment and moves the three-way AI factory project into full-scale execution. NAVER published the announcement in its official press release.

Brookfield funds infrastructure buildout

Brookfield plans to establish a special-purpose vehicle, tentatively named Asset Co., to acquire infrastructure including GPUs and data centers. The vehicle would provide computing power to NAVER Cloud, which will operate the AI factory business and offer AI computing services to customers.

NAVER said the project is scheduled to begin operations at 55 megawatts in the first half of 2027 and scale to 200 megawatts by 2028. The GAK Sejong hyperscale data center is planned as the core hub, followed by phased expansion into overseas markets.

Capital plan moves toward completion

The agreement is linked to NVIDIA's planned paid-in capital increase through a third-party allotment. NAVER said NVIDIA will provide technology cooperation centered on next-generation high-performance computing platforms such as DSX, while NAVER and NAVER Cloud contribute their experience in GPU clusters and data center operations.

NAVER expects the Brookfield structure to reduce the initial investment burden for large-scale AI infrastructure because usage fees will be linked to business revenue. The company also agreed to provide a payment guarantee of up to eight years for NAVER Cloud's usage-fee obligations, while stating that the guarantee itself does not create an immediate cash outflow or cost burden.

NAVER's platform and infrastructure focus

NAVER operates digital services and develops platform technology, with AI and data-center infrastructure forming a growing part of its stated strategy. Its planned AI factory combines NAVER Cloud's computing services with infrastructure financed through the Brookfield arrangement and technology cooperation from NVIDIA. The model gives NAVER a specialized role in Korean internet services and AI infrastructure while it seeks to expand into overseas markets.

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