Naver founder and board chairman Lee Hae-jin met Brookfield Chairman Bruce Flatt at Naver’s 1784 headquarters on September 3 to review their 1-gigawatt AI factory project and continue partnership discussions. The meeting followed the July announcement of a three-way partnership involving Naver, Nvidia and Brookfield, under which Brookfield agreed to invest up to $9 billion in the first phase covering 200 megawatts. The first phase at Naver’s Gak Sejong hyperscale data center is planned to deploy about 100,000 Nvidia GPUs, with 55 megawatts scheduled to begin operating in the first half of 2027, 100 megawatts by the end of 2027 and completion in 2028. Brookfield said it would contribute beyond capital through equipment and infrastructure procurement and customer acquisition. The full 1-gigawatt project is projected to require about $60 billion, while Naver is preparing a new subsidiary focused on AI infrastructure.