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Choi Soo-yeon, CEO of Naver, said, "Shareholder profits are the top priority ... Increase business competitiveness."

Business / Paul Lee / 03/27/2024 03:54 AM

Choi Soo-yeon, representative of Naver. (photo= Yonhap news)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Choi Soo-yeon, CEO of Naver, said in a regular shareholders' meeting on the 26th, "We will enhance the competitiveness of our business this year with shareholders' interests as the top priority."

At "1784" at the new building in Bundang-gu, Seongnam, Gyeonggi Province, all six agenda items were passed at Naver's shareholders' meeting, including approval of financial statements, appointment of outside directors and changes in the articles of association.

As a result, the appointment of an auditor and outside director of Byun Jae-sang, an advisor to Mirae Asset Life Insurance, which the National Pension Fund opposed, citing its history of damaging corporate value, was also passed. Endowus Samuel Rhee was also newly appointed as an outside director and auditor.

Naver expects that Byun will be able to faithfully manage and supervise the board of directors by serving as CEO of Mirae Asset Life & Securities for a long time and having expertise in the financial sector.

The head of Samuel Rhee is a private digital investment platform that has attracted over $5 billion in customer funding He founded Wuers and is expected to be able to carry out independent activities based on his expertise in tech and finance, including investing in Naver at Morgan Stanley.

Naver also changed its articles of association to finalize the base date for confirming shareholders to receive dividends by future board resolutions and announce them two weeks in advance to enhance the possibility of predicting shareholders' dividends.

"Last year, we strengthened the internal stability of all business sectors by strengthening the competitiveness of existing businesses and seeking new growth opportunities, while focusing not only on external growth but also on cost efficiency," said Naver CEO Choi Soo-yeon. "We thank shareholders for their faith and support despite the difficult environment."

 

AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)

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