Brookfield plans to increase its assets under management in South Korea from 17 trillion won to 30 trillion won ($22 billion) by 2030 as AI infrastructure drives investment. The firm said in July it would provide up to $9 billion through a special purpose vehicle for Naver’s AI factory expansion, alongside Nvidia’s $1 billion investment in Naver. Naver’s Sejong data center is planned to grow from 55 megawatts to 200 megawatts by 2028, supporting sovereign compute capacity. Brookfield’s effort forms part of a broader institutional investment surge: KKR, Brookfield and Macquarie Asset Management and their partners have pledged at least $10 billion for Korean AI data centers and related power infrastructure. Financial investors’ share of Korean data center investment is projected to rise from 17% in 2020-2023 to 90% in 2024-2027, according to Samil PwC. However, power availability remains a major constraint, with only 10 of 522 projects reviewed by Korea Electric Power Corporation having received final power-supply approval by March, according to CBRE. Shorter Korean investment exit horizons than in the United States could also affect project economics.