KB Kookmin Bank to Lead $9.45 Billion AI Infrastructure Financing

Nov 1, 2026
KB Kookmin Bank will lead financing for a 12.6 trillion won project that will supply GPUs and other AI computing infrastructure to NAVER Cloud.

KB Kookmin Bank secured the lead arranger role for a 12.6 trillion won ($9.45 billion) AI computing infrastructure project in South Korea, according to The Korea Times. The project, led by Brookfield, will acquire GPUs and other high performance computing equipment for supply to NAVER Cloud.

About 10.7 trillion won of the project cost will come from loans. KB Kookmin Bank will structure the financing, assemble the lending group and coordinate loan terms. Hana Bank, Shinhan Bank, Woori Bank and NH Investment & Securities are also reportedly participating.

The transaction is the largest syndicated loan arrangement in South Korea's history and the country's first GPU financing deal. The structure uses expected long term revenue from supplying AI computing capacity to support the initial investment.

"This transaction is significant in that it opens up a new area of financing," a bank official said.

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