Naver stocks surged 22.89% to 255,000 won in NXT pre-market trading on the 27th following the company's announcement of a 1.4808 trillion won ($1 billion) third-party stock allocation to NVIDIA and a broader AI infrastructure investment framework with NVIDIA and Brookfield totaling up to $10 billion (approximately 14.63 trillion won). The capital increase involves issuing 7,241,564 new common shares to NVIDIA at 204,500 won per share, with all proceeds designated for AI Factory business expansion. The investment framework includes Brookfield's non-binding letter of intent (LOI) to provide up to $9 billion in support, contingent on Naver securing at least $9 billion in computing infrastructure for its AI Factory operations. This tri-party alliance positions Naver to expand its Sejong data center AI infrastructure to 200 megawatts (MW) by 2028 and ultimately target 1 gigawatt (GW) scale for the global sovereign AI market.
NVIDIA Receives 1.4808 Trillion Won Third-Party Stock Allocation
Naver disclosed on the 27th that it decided on a third-party allocation capital increase of 1.4808 trillion won ($1 billion) targeting NVIDIA. The issuance consists of 7,241,564 new common shares priced at 204,500 won per share. All funds raised will be invested entirely in new AI Factory-related business initiatives. According to the financial investment industry, Naver stocks traded at 255,000 won in the NextTrade pre-market, up 47,500 won (22.89%) from the previous trading day's closing price of 207,500 won.
Brookfield Signs Non-Binding LOI for Up to $9 Billion AI Infrastructure Support
The capital increase is contingent on Naver securing at least $9 billion in computing infrastructure for AI Factory business expansion. Brookfield signed a non-binding letter of intent (LOI) to provide support of up to $9 billion. The investment framework with NVIDIA and Brookfield totals up to $10 billion (approximately 14.63 trillion won), with NVIDIA's direct equity investment and Brookfield's infrastructure funding serving as key drivers for the stock surge.
Naver Plans Sejong Data Center Expansion to 200MW by 2028
Through this three-party alliance, Naver plans to expand the AI infrastructure of its Sejong data center 'Gak Sejong' to 200 megawatts (MW) by 2028 and build an AI Factory capable of accommodating approximately 100,000 next-generation NVIDIA GPUs. Long-term plans include scaling this infrastructure to 1 gigawatt (GW) to target the global sovereign AI market.
FAQ
What investment did Naver announce on the 27th?
Naver announced a 1.4808 trillion won ($1 billion) third-party stock allocation to NVIDIA and an AI infrastructure investment framework with NVIDIA and Brookfield totaling up to $10 billion (approximately 14.63 trillion won).
How much did Naver stocks rise in pre-market trading?
Naver stocks surged 22.89% (47,500 won) to 255,000 won in NXT pre-market trading on the 27th, compared to the previous closing price of 207,500 won.
What is Naver's AI infrastructure expansion plan?
Naver plans to expand its Sejong data center 'Gak Sejong' AI infrastructure to 200 megawatts (MW) by 2028, accommodating approximately 100,000 next-generation NVIDIA GPUs, with long-term plans to scale to 1 gigawatt (GW).
