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Naver Chairman Lee Hae-jin Meets Brookfield CEO to Accelerate 1GW AI Factory Project

Technology Services · Internet Software/Services · yonhap_finance · 2026-09-04

Naver Chairman Lee Hae-jin and Brookfield Asset Management CEO Bruce Flatt discussed strengthening their partnership for the 1GW AI factory project.

What Happened

High-Level Meeting: Naver Chairman Lee Hae-jin and Brookfield Asset Management CEO Bruce Flatt met at Naver's headquarters in Seongnam to discuss the 1GW AI factory project. Both parties reaffirmed their commitment to the successful execution of the initiative.

Strengthening Partnership: Chairman Lee expressed gratitude for Brookfield's bold investment decision, emphasizing the synergy between Brookfield's infrastructure expertise and Naver's AI technology. CEO Flatt pledged to act as a comprehensive partner, providing support beyond simple capital investment.

Investment Scale: Brookfield has committed up to $9 billion for the first phase of the 1GW AI factory project, which involves a 200MW facility in collaboration with Naver and NVIDIA. This represents a significant capital injection into the global AI infrastructure market.

Future Roadmap: Starting with the initial financing phase, Brookfield plans to maintain its partnership with Naver throughout subsequent stages of the project. Naver expects this collaboration to significantly enhance its global competitiveness in AI infrastructure.

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