Brookfield to Commit up to $9 Billion to Expand South Korean AI Data Centre
The project will more than triple NAVER’s initial buildout and give Korean and U.S. companies access to production-scale AI compute, officials said.
- On Friday, Nvidia, Brookfield, and Naver announced a proposal to expand Korea's sovereign AI infrastructure at the GAK Sejong data center, scaling capacity from 55 megawatts to 200 megawatts by 2028.
- Under the terms of the agreements, the $10 billion project includes $1 billion from Nvidia and up to $9 billion from Brookfield as the exclusive capital partner, with Naver funding the remaining balance.
- Naver plans to launch an AI agent platform later this year using Nvidia Agent Toolkit software, while the facility will feature Nvidia Vera Rubin and Blackwell platforms to support competitive AI models.
- Announced during South Korean President Lee Jae Myung's AI Summit visit to San Francisco, Nvidia CEO Jensen Huang stated South Korea is in a "golden age" of semiconductor business, accelerating the nation's AI ambitions.
- Critics characterize this model as circular financing, where Nvidia invests in companies that subsequently purchase its hardware; Nvidia separately announced a $500 billion commercial partnership with SK Group spanning data centers and memory chips.
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Brookfield to commit up to $9 billion to expand South Korean AI data centre
Brookfield Asset Management plans to invest billions in AI infrastructure as part of a partnership with Nvidia to expand a data centre in South Korea.
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