[Naver Signs 2 Trillion Won Computing Power Contract, First AI Factory Order Secured] According to a report by the Korea Times on November 12th, Naver signed a 2 trillion won (approximately $1.5 billion) computing power service contract with a US-based AI inference company, securing its first customer for its AI factory business. Naver CEO Choi Soo-yeon stated in the Q3 earnings call that this contract confirms real market demand and validates the initial commercial viability of the AI factory business. The contract covers computing power services using next-generation GPUs, with the first supply scheduled for 2027. Commercial services are expected to launch in the first half of next year, with revenue gradually recognized. This business is being developed by Naver in collaboration with Canadian asset management company Bofeng and NVIDIA, with planned capacity expansion from 55 megawatts next year to 200 megawatts by 2028. Naver stated that it has already signed contracts for data center capacity exceeding its initial target of 200 megawatts by 2028; this first contract corresponds to 20 megawatts, and more than 10 other companies are in talks for subsequent contracts. The financial report released on the same day showed that Naver's third-quarter revenue reached 3.47 trillion won, a year-on-year increase of 10.7%, marking the sixth consecutive quarter of record growth; operating profit was 451.3 billion won, a year-on-year decrease of 20.9%, with an operating profit margin of 13%. By business segment, platform revenue was 1.95 trillion won (+7.3%), financial platform revenue was 487.7 billion won (+14.1%), and global business revenue was 1.04 trillion won (+15.9%). Naver also plans to launch a personal AI agent application by the end of the year, establish a dedicated logistics subsidiary, and invest nearly 1 trillion won by 2030.