What the deal actually involves
Naver’s GAK Sejong AI facility, currently operating at 55 MW of capacity, is slated to scale to 200 MW by 2028. That is nearly a fourfold expansion, powered by Nvidia’s DSX platform and its latest GPU hardware.
Layered on top of Nvidia’s equity investment, Brookfield Asset Management has committed up to $9 billion in project financing to support the broader expansion. Nvidia is also separately collaborating with SK Group on more than 2 GW of AI data center capacity across South Korea.
Why Naver, and why now
Naver operates South Korea’s dominant search engine, a major cloud platform, and an increasingly ambitious financial services arm through Naver Financial. In November 2025, Naver Financial announced a $10.3 billion stock-swap deal to acquire Dunamu, the parent company of Upbit, which is South Korea’s largest crypto exchange. The acquisition is still pending, but if it closes, Naver becomes a rare entity: a hyperscale AI infrastructure operator with direct exposure to the country’s leading digital asset trading platform.
