Nvidia to invest $1B in Naver, becoming third-largest shareholder
11/02/2026 — 11/02, 10:18·1 sources (all)·1 reports (all)
Key takeaways
- Nvidia is investing $1 billion in South Korean internet company Naver, with the deal set to close on November 6, according to Korea Economic…
Background & analysis
According to a report by the Korea Economic Daily, Naver announced on October 30, 2026, that NVIDIA will subscribe to shares in the Korean internet company for $1 billion (approximately 6.661 billion CNY). The scheduled closing date for the transaction is November 6, 2026. The report stated that this move is intended to accelerate its global AI expansion, with Naver founder and Chairman Lee Hae-jin introducing NVIDIA through this deal while diluting his own stake.
Following the completion of the transaction, NVIDIA will hold approximately 4.54% of Naver's equity, surpassing founder Lee Hae-jin to officially become the company's third-largest shareholder. Currently, Naver's two largest shareholders remain institutional investors: the National Pension Service (NPS) and BlackRock, ranking first and second respectively. IT之家 adds that NAVER is South Korea's largest search engine and integrated web portal, which officially launched in June 1999. At present, the transaction has a publicly announced closing schedule but has not yet been officially finalized.
AI-generated from 1 reports · updated 1 hour ago
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Reports on this story headlines open the original
Nvidia is buying $10 billion won worth of Naver shares — a $1 billion stake — with settlement scheduled for November 6, according to the Korea Economic Daily. The deal would give Nvidia about 4.54% of the Korean internet company, lifting it above founder Lee Hae-jin as the third-largest shareholder behind NPS and BlackRock.
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