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Latest / Finance

DealFinanceComputeSouth KoreaConfirmed

KB Kookmin Bank arranges South Korea’s first GPU financing deal

See how this story connects

Source: Yonhap News Agency (Korean)

KB Kookmin Bank said on 1 November that it has won the mandate to arrange financing for a roughly 12.6 trillion won AI computing infrastructure project promoted by Brookfield. Brookfield will set up a special purpose company to acquire GPUs and other AI computing infrastructure and supply them to Naver Cloud over the long term. About 10.7 trillion won of the funding will come from loans, with KB Kookmin as lead arranger. Hana Bank, Shinhan Bank, Woori Bank and NH Investment & Securities were also reported to have taken part in arranging the financing.

Why it matters

The deal is South Korea’s first GPU financing and the largest syndicated loan arrangement in the country’s history, according to the Yonhap report on KB Kookmin’s announcement.

When
1 Nov 2026
ID
WTA-N-2026-0592
Who
KB Kookmin Bank, Brookfield, Naver Cloud, Hana Bank, Shinhan Bank, Woori Bank, NH Investment & Securities

Summary written with AI by wheresthe.ai, from Yonhap News Agency (Korean). Checked against the source on 1 Nov 2026.

Read the original at Yonhap News Agency (Korean)

Source copy: saved on 1 Nov 2026 to check this story and not republished, because the text belongs to its publisher. Also held by the Internet Archive.

Next stop on this Storyline: Elsewhere: United KingdomDrax strikes £20bn deal for AI datacentre at North Yorkshire power plant

Cite this story

WTA-N-2026-0592: “KB Kookmin Bank arranges South Korea’s first GPU financing deal.” wheresthe.ai, 1 Nov 2026. https://wheresthe.ai/d/kr-kb-kookmin-bank-arranges-south-korea-s-first-gpu-financin-2026-11/ (source: Yonhap News Agency (Korean)).

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