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Games & Commerce

Naver, Kakao shares lag despite solid earnings as AI monetisation delays cut valuation expectations

Brokerages forecast record first-quarter results for Naver and Kakao, but their shares keep falling this year. Analysts say weaker visibility on monetising artificial intelligence is lowering valuation expectations. Securities firms have cut target prices for both companies. For Naver, rising infrastructure and promotion costs and delays to a blockchain-related merger are weighing on sentiment. For Kakao, investors are watching the super-app push and proof of AI agent utility.

Games & Commerce

Cafe24 links with The Hyundai Hi to expand D2C brands\' department store customer reach

Cafe24 said on Monday it has linked its platform with Hyundai Department Store\'s premium curation mall The Hyundai Hi. Online merchants using Cafe24 can request listing reviews through the Market Plus feature and, once approved, begin selling by connecting the platforms. Merchants can register products, check orders and manage inventory from Cafe24\'s admin page, with product and stock data synced in real time. Cafe24 plans to add the channel to its Cafe24 Pro service.

Games & Commerce

Naver, Kakao set to post record first-quarter results led by commerce and ads

Naver and Kakao are expected to post record first-quarter results, driven by commerce and advertising. Naver’s revenue is forecast to rise 12.8 percent to 3.14 trillion won, with operating profit up 11 percent to 560.9 billion won, led by strong commerce growth. Kakao is expected to report revenue of 2.01 trillion won and operating profit of 179.5 billion won, up 70.3 percent, on KakaoTalk ad growth and efficiency moves.