KB Kookmin Bank has secured the financing rights for an artificial intelligence (AI) computing infrastructure project valued at 12.6 trillion won (approximately $9.4 billion). This marks the first GPU financing in South Korea and aims to expand productive financial support for advanced industries such as AI.
On November 1, KB Kookmin Bank announced that it has been selected as the lead financial arranger for the AI computing infrastructure project being pursued by global alternative investment firm Brookfield.
The total scale of the project is approximately 12.6 trillion won, with 10.7 trillion won expected to be raised through loans. According to KB Kookmin Bank, this is the first GPU financing in the country and the largest syndicated loan arrangement in history.
The project involves a special purpose company (SPC) established by Brookfield, which will secure AI computing infrastructure, including GPUs, for long-term supply to Naver Cloud. The funds raised will be used for purchasing GPUs and related equipment, as well as for infrastructure development.
KB Kookmin Bank will oversee the entire financial arrangement, from designing the financial structure to negotiating key financial terms. The bank plans to support large-scale fundraising by creating a customized financial structure that considers the project's characteristics and phased investment schedule. Major domestic banks and securities firms, including KB Kookmin Bank, will participate in the financing.
A representative from KB Kookmin Bank stated, "This financing arrangement is significant as it pioneers a new financial area with the first GPU financing in South Korea. We will continue to expand financial support for future growth industries and contribute to enhancing the competitiveness of domestic industries through productive finance."
* This article has been translated by AI.
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