Business · Companies · 1 hr ago
KB Kookmin Bank to lead financing for 12.6 trillion won AI project
KB Kookmin Bank will lead financing for an AI computing infrastructure project in South Korea.
The project is being developed by global investment firm Brookfield through a special-purpose company.
It will secure GPUs and other computing infrastructure and supply them to Naver Cloud under a long-term agreement.
The project is worth about 12.6 trillion won, with about 10.7 trillion won to be raised through loans.
This is South Korea’s first GPU financing deal and its largest syndicated loan arrangement, according to the announcement.
Hana, Shinhan and Woori banks, as well as NH Investment & Securities, are also taking part in arranging the financing.
KB Kookmin Bank will lead financing for a Brookfield AI computing infrastructure project valued at about 12.6 trillion won.
The project will secure GPUs and other infrastructure through a special-purpose company set up by Brookfield.
The infrastructure will be supplied to Naver Cloud under a long-term arrangement.
About 10.7 trillion won of the project’s funding is planned to come from loans.
The financing is described as South Korea’s first GPU financing deal and its largest syndicated loan.
- Who
- KB Kookmin Bank will lead the financing. Brookfield is developing the project, and Naver Cloud is the planned customer.
- What
- Financing is being arranged for an AI computing infrastructure project valued at about 12.6 trillion won.
- When
- KB Kookmin Bank announced the financing role on November 1, 2026.
- Where
- South Korea.
- Why
- The project will fund GPUs and other AI computing infrastructure for long-term supply to Naver Cloud.
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- Total project cost
- About 12.6 trillion won
- Planned loan funding
- About 10.7 trillion won
- Project developer
- Brookfield
- Planned customer
- Naver Cloud
- Financing lead
- KB Kookmin Bank
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