Nvidia Completes 1.34 Trillion Won Investment in Naver, Becoming Third-Largest Shareholder

Nvidia has paid in full its 1.3412 trillion won investment in Naver, according to a regulatory filing the company made with Korea's Financial Supervisory Service, as reported on November 6, 2026.

The deal is a paid-in capital increase allocated to a third party, with 6,558,435 new common shares issued. Nvidia will hold 4.13% of Naver, making it the third-largest shareholder behind the National Pension Service at 9.49% and BlackRock at 7.31%.

The investment amount did not change, but currency movements reduced the number of new shares issued, lowering the expected stake from 4.54% to 4.13%.

A precondition for Nvidia's investment has also been met: Naver signed an agreement with Brookfield to secure up to $9 billion, about 12.19 trillion won, in computing infrastructure. In July, Naver announced it would attract a combined 14.6 trillion won from Nvidia and Brookfield.

Nvidia's funds will go toward expanding the supply of high-performance GPUs and technical cooperation, while Brookfield's money will build the infrastructure and supply chain needed to run gigawatt-class AI factories.

Naver plans to start operating a 55 MW AI factory in the first half of 2027 and expand it to 200 MW by 2028, using its hyperscale data center Gak Sejong as the main base for phased growth.

Source: 지디넷코리아

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