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Naver Stock Rebounds to 200,000 KRW Range, Driven by AI Strategy and Foreign Buying

Business / Kim Jisun / 12/09/2024 12:48 AM

Photo = Yonhap news

 

 

[Alpha Biz= Reporter Kim Jisun] According to the Korea Exchange on the 6th, as of 9:10 a.m., Naver’s stock was trading at 204,500 KRW, up 500 KRW (0.25%) from the previous day. Since hitting a low of 152,500 KRW on September 9, Naver’s stock has been on an upward trajectory, fueled by active net buying by foreign investors, particularly after the announcement of its third-quarter earnings. This marks the first time in approximately nine months, since February, that Naver’s stock has recovered to the 200,000 KRW range.

In April, Naver reorganized its internal structure, shifting from its previous in-house company (CIC) system to 12 specialized units. This restructuring aimed to strengthen its business capabilities and respond comprehensively to industry changes driven by AI.

At the time, Naver CEO Choi Soo-yeon addressed employees, stating, “This restructuring is a company-wide strategy to adapt to the paradigm shift in technology centered around AI and the evolving internet landscape, where the boundaries between business sectors are being further dismantled.”

 

 

 

AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)

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