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NAVER Corporation (035420.KS)

KSE - KSE Delayed price. Currency in KRW
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293,000.00-4,500.00 (-1.51%)
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  • Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs
    TechCrunch

    Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs

    New investment firm Do Ventures announced today the first closing of its fund for Vietnamese startups, which is backed by several of Asia’s most notable institutional investors. Called Do Ventures Fund I, the investment vehicle has hit more than half of its $50 million target, with limited partners including Korean internet giant Naver; Sea, whose businesses include Garena and Shopee; Singapore-based venture capital firm Vertex Holdings; and Korean app developer Woowa Brothers. Do Ventures was founded by general partners Nguyen Manh Dung, former CEO of CyberAgent Ventures Vietnam and Thailand, and Vy Hoang Uyen Le, previously a general partner at ESP Capital.

  • Yahoo Japan and Line Corp. confirm merger agreement
    TechCrunch

    Yahoo Japan and Line Corp. confirm merger agreement

    SoftBank Corp. announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp., in a move they hope will better position them against competitors. SoftBank and Naver, the owner of Line, will each hold 50% of a new holding company that will operate Line and Z Holdings.

  • SoftBank to create $30 billion tech giant via Yahoo Japan, Line Corp deal
    Reuters

    SoftBank to create $30 billion tech giant via Yahoo Japan, Line Corp deal

    SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group, as it strives to compete more effectively with local rival Rakuten and U.S. tech powerhouses. The deal, which would combine the providers of two of Japan's top QR code payment services, offers Yahoo Japan access to 164 million Line users and their data in Japan and Southeast Asia as SoftBank expands into services outside its core wireless business. The deal comes as SoftBank Group founder Masayoshi Son battles to restore his reputation after an ill-fated investment in office-sharing firm WeWork.