#naver

NAVER plans to expand GAK Sejong to 55MW and eventually toward gigawatt-scale AI factory capacity. NVIDIA’s post frames DSX as the stack for sovereign AI, HyperCLOVA X, and agentic services.

German food delivery group Delivery Hero is running a formal sale process for its South Korean unit Woowa Brothers (Baemin), with a valuation of up to ₩8 trillion ($6 billion). Baemin generates approximately 20% of DH's ~₩25 trillion annual revenue and ₩600 billion in annual operating profit, implying an EV/EBIT multiple of roughly 13x. Naver (035420.KS), previously considered the frontrunner, has signaled it will not participate; Uber, Alibaba, and DoorDash have been approached but no binding bids have been made.

South Korea is no longer treating AI infrastructure as a private-sector side quest. A ₩400 billion loan from the Financial Services Commission will expand Naver’s Gak Sejong facility, bankroll GPU deployment and give HyperCLOVA X a bigger domestic base just as AI sovereignty becomes industrial policy.