Page Profit Share (PPS), a revenue diversification program created by Naver Webtoon to share profits with cartoonists, has grown 87 times in 10 years since its introduction. The annual revenue has crossed the 2 trillion won line. In the future, based on the intellectual property (IP) of original wor
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.The investors we met with in Hong Kong and Singapore were cautious towards the Internet sector amid lingering uncertainties over the economic recovery. However, they were bullish towards the releas
The Korea Exchange announced on April 23 that the market cap of KOSPI and KOSDAQ was 2,420.2546 trillion won on April 21 and it increased 16.4 percent from Jan. 1 this year to that day.In that period, the market cap of KOSPI increased 13.86 percent to 2,011.3959 trillion won and that of KOSDAQ incre
The Korea Fair Trade Commission has ordered Google to pay a penalty of 42.1 billion won (US$31.8 million) for having hindered mobile game launches on One Store, a domestically launched app market and an alternative to the Google Play Store.According to the commission, Google provided incentives for
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.We expect both NAVER’s share price and its earnings to turn around from 2Q23. Although the firm’s 1Q23 earnings will likely arrive sluggish, we believe they will mark the bottoming out point. Adver
The Korean e-commerce market is facing another big change. With Coupang’s dominance solidifying with its quarterly surplus, Qoo10, which owns Tmon and Interpark Commerce, took over WeMakePrice, reorganizing the Korean e-commerce market.According to sources in the Korean e-commerce industry on April
Samsung Electronics’ Foundry Business Division has started volume production of next-generation artificial intelligence (AI) chips in earnest, starting with foundry orders from Korean fables companies. Thanks to the growing AI chatbot craze fueled by the popularity of ChatGPT, the AI semiconductor m
Naver announced that it has signed MOUs with Saudi Arabia's Ministry of Municipal and Affairs and Housing (MOMRAH) and Ministry of Investment Saudi Arabia (MISA).On March 30 (local time), Naver, Naver Labs, Naver Cloud, and the MOMRAH and the MISA held a ceremony in honor of signing the MOUs at
Officials of Saudi Arabia’s three government agencies in charge of AI and data-related policies visited Naver’s second office building 1784, the world’s first robot-friendly building, on Feb. 27. Exchanges between the two sides have steadily continued since a visit to Naver by Majed Al-Hogail, minis
With the launch of Apple Pay in Korea imminent, Naver Pay and Samsung Pay which rank first in the online and offline payment markets, respectively, are forging an alliance, signaling a seismic change in the simple payment market in Korea.Samsung Pay services will become available at online merchants
Apple Pay is about to enter the South Korean market, and the possibility is increasing that Samsung Electronics may turn Samsung Pay into a paid service.The financial authorities recently said that Apple Pay fees of 0.1 percent to 0.15 percent can be imposed on not only consumers and stores but cred
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. NAVER’s top line should recover from 2H23, led by its advertising business. With AI and robot technologies now in the spotlight, we point out that the firm’s competitiveness in these arenas is we
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY; raise target price from KRW250,000 to KRW265,000 We maintain BUY and raise our TP by 6.0%, from KRW250,000 to KRW265,000, to accommodate revised down 2023 MRP (7.16%→5.41%) and COE (11.38%→10.77
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Concerns over the economic slowdown and acquisition of Poshmark have already been reflected in NAVER’s share price. It is time to seek a rebound in terms of strengthened business competitiveness.
CHIVAS, a global whisky brand representing Pernod Ricard Korea, announced on Jan. 11 that it will open its two months pop-up store CHIVAS REGAL GIL in Apgujeong Rodeo until Feb. 26.One of the outstanding parts of this experience pop up is the relay performance of top artists every Friday - Giriboy,
The Korea Exchange announced on Dec. 11 that foreign investors recorded a net selling of 56.7 trillion won in KOSPI from January 2020 to Dec. 8, 2022, when domestic individual investors recorded a net buying of 131.2689 trillion won in the same market.The net selling by foreign investors was approxi
Apple Pay is set to debut in Korea early next year, eight years after its launch in the United States. Hyundai Card has signed an exclusive contract with Apple Inc. to introduce the mobile payment service in early 2023.As the introduction of Apple Pay to Korea has begun its countdown, Samsung Pay an
Samsung Electronics Co. and NAVER Corp. announced on Dec. 6 a wide-reaching collaboration to develop semiconductor solutions tailored for hyperscale artificial intelligence (AI) models.The two companies intend to pool their hardware and software resources to dramatically accelerate the handling of m
South Korea and Saudi Arabia held their first housing cooperation forum on Nov. 29. It was hosted by the Ministry of Municipal and Rural Affairs of Saudi Arabia and the Ministry of Land, Infrastructure and Transport of South Korea and attended by the heads of the ministries and more than 200 entrepr
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. The year 2022 has been tough for Korean Internet and game companies. However, we forecast that these stocks will attempt a rebound going forward. Expecting a return of more reasonable consumption