KB Kookmin Bank to Lead $9.45 Bil. AI Infrastructure Financing
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4 Articles
KB Kookmin Bank to lead $9.45 bil. AI infrastructure financing
KB Kookmin Bank has secured the lead arranger role in a 12.6 trillion won ($9.45 billion) project to build artificial intelligence (AI) computing infrastructure in Korea, the lender said Sunday. Led by Brookfield, one of the world’s largest alternative asset managers, the project involves acquiring major high-performance computing equipment, including graphics processing units (GPUs), and supplying the infrastructure to Naver Cloud. The deal mar…
KB Kookmin Bank announced on the 1st that it has secured the right to arrange financing for an artificial intelligence (AI) computing infrastructure project worth approximately 12.6 trillion won. This marks the first Graphics Processing Unit (GPU) financing in Korea and the largest syndicated loan arrangement in the country's history. For this project, AI computing infrastructure, including GPUs, will be secured through a Special Purpose Vehicle…
(Seoul = Yonhap News) Reporter Han Ji-hoon = KB Kookmin Bank [is participating in] the approximately 12.6 trillion won artificial intelligence (AI) computing infrastructure project being pursued by global alternative investment firm Brookfield...
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