Naver succeeded in raising $10 billion (about 14.7 trillion won) from Nvidia and Brookfield and attracted $1 billion (about 1.47 trillion won) in equity investments to solidify its alliance. Naver announced on the 27th that it will carry out a third-party allocation paid-in capital increase of 7,241,564 shares for Nvidia by promoting a joint AI factory construction project with Nvidia. The issuance price of new shares is KRW 204,500. The payment date is October 30th, and the scheduled date for listing new shares is November 20th. Naver will also retire 4.9 million shares of its own stock. Naver, Nvidia, and Brookfield announced a strategic partnership to promote AI factory projects at the Nvidia headquarters in Santa Clara, California on the 24th (local time). Naver will lead the search, construction, and operation of the data center site, while Nvidia supplies GPUs. Brookfield's investment will be invested in expanding the data center "Gaksejong" located in Jiphyeonjeon, Sejong City. Naver aims to operate each Sejong at 200 megawatts (MW) in 2028 and eventually expand it to 1 gigawatt (GW). The background of Nvidia's direct investment in Naver is Naver's full-stack AI capabilities.