Brookfield chair visits Naver HQ for follow-up talks on AI factory project

Naver Chairman Lee Hae-jin and Brookfield Asset Management Chair Bruce Flatt met at Naver's 1784 headquarters, where they discussed the companies' joint 1 GW AI factory project.

Naver said Thursday that Flatt visited the 1784 office in Seongnam, Gyeonggi Province, on Thursday to meet with Lee and Naver CEO Choi Soo-yeon.

According to Naver, Lee thanked Flatt for Brookfield's decision to invest in the AI factory project and said he hopes the two companies will lead the global AI infrastructure market by combining Brookfield's expertise in infrastructure investment with Naver's AI capabilities.

Flatt thanked Naver for choosing Brookfield as the capital partner for the AI factory project. He added that Brookfield intends to go beyond the role of a financial investor and serve as a hands-on partner — helping to procure equipment and infrastructure and attract customers.

Brookfield is a global alternative asset manager overseeing more than $1 trillion in assets worldwide. The firm has committed up to $9 billion to the first phase (200 megawatts) of the 1 GW AI factory project being developed by Naver and Nvidia.

Completing the full 1 GW build-out is expected to require roughly $60 billion in total investment. Brookfield plans to continue the partnership in subsequent phases as financing progresses.