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View of Naver office building. (Photo=Naver) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] The book value of Naver's stake secured by investing in other corporations exceeded KRW 10 trillion. This is the result of preparing for the future by directly or indirectly investing in finance, media and content, cloud, artificial intelligence (AI), e-commerce, and startups.
According to Naver's business report on the 19th, the book value of its shares secured through investment in other corporations stood at 10.8988 trillion won on a separate basis at the end of last year, up 17.3 percent from 9.2934 trillion won a year earlier.
Well over 10 trillion won is a significant amount considering Naver's annual sales. Naver's sales last year rose 17.6% year-on-year to 9.67 trillion won. This is interpreted as a result of Naver's continued investment in various industries.
The field of investment is of any genre. It covers finance, media and content, cloud, artificial intelligence (AI), e-commerce, entertainment, and startups.
What stands out is investment in startups at home and abroad. It is explained that it is establishing a related ecosystem by encountering innovative technologies and promoting co-prosperity while investing in start-ups in various fields to explore global markets as well as in Korea.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
