Brookfield has appointed KB Kookmin Bank as lead arranger for what the bank described as the largest syndicated loan in South Korean history, aimed at funding artificial intelligence chip purchases for NAVER. In a statement released Sunday, KB Kookmin Bank said the loan will finance AI computing infrastructure, including graphics processing units, or GPUs. The facility totals KRW 10.7 trillion, roughly $8 billion, and forms part of a broader KRW 12.6 trillion financing package. The bank also said the transaction marks South Korea’s first large-scale GPU financing deal, with the AI chips to be supplied to NAVER Cloud under long-term lease arrangements. The report added that banks and private credit funds across Asia are expanding AI-related financing beyond data center construction to include hardware such as chips that provide computing power.
Brookfield has appointed KB Kookmin Bank as lead arranger for what the bank said is the largest syndicated loan in South Korean history, designed to support artificial intelligence chip purchases for South Korean technology company NAVER.
In a statement on Sunday, KB Kookmin Bank said the loan proceeds will be used to acquire AI computing infrastructure, including graphics processing units, or GPUs. The bank said the facility amounts to KRW 10.7 trillion, or about $8 billion, and is part of a wider KRW 12.6 trillion financing package.
KB Kookmin Bank also said the deal is South Korea’s first large-scale GPU financing transaction. The AI chips involved will be provided to NAVER Cloud through long-term lease arrangements.
The report added that banks and private credit funds in Asia are expanding AI financing activity beyond data center construction to include hardware such as chips that supply computing power.
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