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Cartis diligence evidence schedule

NAVER Global AI Factory Program

PRJ-0347 · Program · Korea, South Korea

Record last updated Oct 28, 2026

Scope and capacity

NAVER Global AI Factory Program is located in Korea and overseas locations undisclosed, KR and is a program in proposed status.

Headline: See constituent sites

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Global capacity objective · 1 GW

Planned / design or future potential · NAVER Global AI Factory Program (Project)

Claim 32133 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. NAVER, NVIDIA and Brookfield to Expand Korea's National AI Factory Infrastructure Buildout

    Brookfield Asset Management · Document date: Jul 27, 2026 · Corroborating

    Source reference: SRC-1796 · Company announcement · Recorded authority: Party primary

    Source URL

    https://bam.brookfield.com/press-releases/naver-nvidia-and-brookfield-expand-koreas-national-ai-factory-infrastructure

  2. NAVER, NVIDIA and Brookfield to Expand Korea's National AI Factory Infrastructure Buildout

    NVIDIA · Document date: Jul 24, 2026 · Primary

    Source reference: SRC-1795 · Company announcement · Recorded authority: Party primary

    Source URL

    https://nvidianews.nvidia.com/news/naver-nvidia-and-brookfield-to-expand-koreas-national-ai-factory-infrastructure-buildout

Overseas capacity target 2027 · 100 MW

Planned / design or future potential · NAVER Global AI Factory Program (Project)

Claim 32134 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. NAVER to Establish AI Infrastructure Based on NVIDIA DSX

    NAVER · Document date: Jun 8, 2026 · Primary

    Source reference: SRC-1794 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.navercorp.com/en/media/pressReleasesDetail?seq=10034386

Overseas capacity target 2028 · 200 MW

Planned / design or future potential · NAVER Global AI Factory Program (Project)

Claim 32135 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. NAVER to Establish AI Infrastructure Based on NVIDIA DSX

    NAVER · Document date: Jun 8, 2026 · Primary

    Source reference: SRC-1794 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.navercorp.com/en/media/pressReleasesDetail?seq=10034386

Nvidia equity investment announced · $1 billion

Actual · NAVER Global AI Factory Program (Project)

Claim 32136 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Nvidia to acquire $1 billion in new shares of South Korea's Naver

    Reuters · Document date: Jul 26, 2026 · Corroborating

    Source reference: SRC-1800 · News report · Recorded authority: Secondary

    Source URL

    https://www.reuters.com/business/media-telecom/nvidia-acquire-1-billion-new-shares-south-koreas-naver-2026-07-26/

  2. NAVER, NVIDIA and Brookfield to Expand Korea's National AI Factory Infrastructure Buildout

    NVIDIA · Document date: Jul 24, 2026 · Primary

    Source reference: SRC-1795 · Company announcement · Recorded authority: Party primary

    Source URL

    https://nvidianews.nvidia.com/news/naver-nvidia-and-brookfield-to-expand-koreas-national-ai-factory-infrastructure-buildout

Brookfield nonbinding financing term sheet · $9 billion

Actual · NAVER Global AI Factory Program (Project)

Claim 32137 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. NAVER, NVIDIA and Brookfield to Expand Korea's National AI Factory Infrastructure Buildout

    Brookfield Asset Management · Document date: Jul 27, 2026 · Corroborating

    Source reference: SRC-1796 · Company announcement · Recorded authority: Party primary

    Source URL

    https://bam.brookfield.com/press-releases/naver-nvidia-and-brookfield-expand-koreas-national-ai-factory-infrastructure

  2. NAVER, NVIDIA and Brookfield to Expand Korea's National AI Factory Infrastructure Buildout

    NVIDIA · Document date: Jul 24, 2026 · Primary

    Source reference: SRC-1795 · Company announcement · Recorded authority: Party primary

    Source URL

    https://nvidianews.nvidia.com/news/naver-nvidia-and-brookfield-to-expand-koreas-national-ai-factory-infrastructure-buildout

Counterparties and capital

NVIDIA · Investor · CMP-0010

Conditional equity investment

$1,000,000,000 · Jul 24, 2026

NVIDIA investment in new NAVER shares; subject to customary closing and financing conditions.

NAVER Corporation (Share issuer) · NVIDIA (Proposed equity investor)

Sources (2)

Financing record 90; claim-specific source links appear in the exhibit sources where published.

Nonbinding financing term sheet

$9,000,000,000 · Jul 24, 2026

Up-to financing framework with Brookfield; not a closed or fully committed project facility.

Brookfield Asset Management (Nonbinding financing counterparty) · NAVER Corporation (Prospective borrower / sponsor)

Sources (2)

Financing record 91; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.