400 Billion Won Low-Interest Loan for Naver AI Center Expansion

The National Growth Fund, established under government initiative, has decided to support the expansion of Naver's Sejong data center, crucial for the artificial intelligence (AI) era, with a 400 billion won loan at a low annual interest rate of 3%. The National Growth Fund resolved to provide 400 billion won in low-interest loans for Naver's AI data center expansion and GPU server acquisition project.

The project will be funded with 340 billion won from the Advanced Strategic Industry Fund and 60 billion won from the Korea Development Bank, while Naver will self-fund 522.1 billion won out of the total project cost of 922.1 billion won. Through this AI infrastructure expansion, Naver aims to ensure the stable operation and performance enhancement of its self-developed AI model 'HyperCLOVA X'.

The Financial Services Commission announced its support for projects with significant industrial ripple effects and policy importance, addressing the funding demands of the advanced industry ecosystem. With this decision, the National Growth Fund has also approved low-interest loans for the first time to SamCenS, a semiconductor test process component manufacturer located in Chungbuk.