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Nvidia invests $1 bil. in Naver for 4.5% stake

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Nvidia invests $1 bil. in Naver for 4.5% stake
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Naver Chairman Lee Hae-jin, right, shakes hands with Nvidia CEO Jensen Huang after signing a $1 billion strategic investment agreement at Nvidia's headquarters in Santa Clara, Calif., Friday (local time). 30.Naver said it would cancel about 4.9 million treasury shares worth about 1 trillion won on Aug. 3 to offset shareholder dilution from the new share issuance.

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Korea Times News publishes from South Korea and files mainly under news. We currently carry 103 of its stories.

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Canonical URLhttps://www.koreatimes.co.kr/business/tech-science/20260727/nvidia-invests-1-bil-in-naver-for-45-stake?utm_source=rss
Publication timeMon, 27 Jul 2026 12:07:02 GMT
Retrieval time2026-07-27T12:12:32.939Z
Last seen2026-07-27T12:12:32.939Z
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Opening excerpt (first ~120 words) tap to expand

Naver Chairman Lee Hae-jin, right, shakes hands with Nvidia CEO Jensen Huang after signing a $1 billion strategic investment agreement at Nvidia's headquarters in Santa Clara, Calif., Friday (local time). Courtesy of NaverNvidia has agreed to acquire a 4.5 percent stake in Naver through a $1 billion strategic investment, deepening a partnership aimed at building large-scale artificial intelligence (AI) infrastructure and expanding sovereign AI services.Naver announced Monday that it had signed an agreement to issue about 7.24 million new shares to Nvidia through a third-party allotment, marking its first such share sale in 22 years and the first since its 2008 KOSPI listing.The new shares, priced at 204,500 won ($140) each, represent a 4.5 percent stake in Naver.

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