NH Nonghyup Bank has shared insights on the artificial intelligence (AI) data center market with global alternative investment firm Blackstone and explored ways to expand overseas digital infrastructure investments.
On September 7, NH Nonghyup Bank hosted a forum titled 'Answering the Future of AI Data Centers' at the Nonghyup Tower in Jung-gu, Seoul, inviting Blackstone to participate.
The forum began with a report on the bank's overseas data center assets, followed by a presentation from Kim Hyo-jin, Managing Director of Blackstone Korea, on the 'Current Status and Outlook of the Global AI Data Center Market,' which included a Q&A session.
Blackstone is a global alternative investment firm managing approximately 195 trillion won in assets, including about 24.8 trillion won in the hyperscaler data center sector.
NH Nonghyup Bank continues to collaborate with global alternative investment firms, including Blackstone, in the digital infrastructure investment sector. This year, the bank has participated as a priority investor in a project financing initiative for a data center in Iowa, USA, as part of its efforts to expand its global investment portfolio.
Min Byung-do, Deputy Head of the GIB Division at NH Nonghyup Bank, stated, “We will continuously review the demand for funding and investment opportunities arising from the spread of AI and will make every effort to expand into overseas markets as a global Nonghyup Bank.”
* This article has been translated by AI.
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