KB Kookmin Bank leads 10.7 trillion KRW loan to support Naver AI project, setting a record for GPU financing and syndicated loans in South Korea.
KB Kookmin Bank has been authorized to lead a 10.7 trillion won (approximately $8 billion) syndicated loan for the Brookfield-backed Naver AI computing infrastructure project. The bank stated that this is South Korea's first GPU financing project and the largest syndicated loan arrangement in the country's history. This loan is part of a larger project valued at approximately 13 trillion won, in which Brookfield will establish a special purpose company called Asset Co. to acquire GPUs and other AI computing assets and supply them to Naver Cloud.
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