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KB Kookmin to lead a record 10.7 trillion won GPU loan for the Brookfield-backed Naver AI factory
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KB Kookmin Bank has the mandate to lead a 10.7 trillion won (about US$8 billion) syndicated loan for a Brookfield project company that will buy GPUs and other AI computing assets and supply capacity to Naver Cloud under a long-term agreement. The bank calls it South Korea's first GPU financing and its largest syndicated loan. The project is valued at about 13 trillion won and centres on Naver's GAK Sejong data centre, with capacity targets of 55 MW in the first half of 2027, 100 MW by the end of 2027 and 200 MW in 2028, as reported by The Korea Herald. Other lenders and loan terms were not disclosed.
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