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Games & Commerce
Naver steps up AI expansion from infrastructure to offline data
Naver is expanding AI infrastructure and consumer services, including an AI factory being developed with Nvidia and broader use of action-oriented AI across search, shopping, Place and payments. It plans to connect offline data through Npay Connect. Naver reported second-quarter revenue of 3.39 trillion won, up 16.2 percent, and operating profit of 520.3 billion won, down 0.2 percent, citing higher costs including AI infrastructure and Npay Connect terminals.
Games & Commerce
Naver grapples with pricing in AI investment ahead of monetisation
Naver’s first-quarter revenue rose 16.3 percent from a year earlier, but operating profit grew 7.2 percent as AI infrastructure investment and content procurement costs were incurred first. Its operating margin fell to 16.7 percent from 19.1 percent in the previous quarter. Infrastructure costs rose 32.5 percent and partner and marketing expenses also increased. Naver plans to step up AI advertising monetisation from the second half.
Games & Commerce
Kurly to raise 33 billion won in share sale to Naver, valued at 2.8 trillion won
Kurly will issue 33 billion won of new shares to Naver to secure mid- to long-term growth drivers and strengthen their partnership. Kurly disclosed it decided on a rights offering of 498,882 common shares priced at 66,148 won each, all to be subscribed by Naver. The price was set by mutual agreement based on Kurly\'s latest investment round, valuing the company at about 2.8 trillion won and raising Naver\'s stake to 6.2 percent.
