Naver Offers Up to 2 Million KRW Cash Annually to Employees for Share Buyback
[Asia Economy Reporter Bu Aeri] Naver has decided to provide up to 2 million KRW in cash annually to employees who purchase company shares.
According to Naver on the 4th, starting this month, regular employees of Naver-affiliated corporations including Naver, Naver Business Platform, Naver I&S, Works Mobile, Snow, Naver Labs, and Naver Financial will receive 10% of their purchase amount in cash from the company when buying company shares.
Naver has implemented this stock purchase reward program to share the value of growth with members who purchase company shares with a positive outlook on the company's future value.
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The support limit is based on a stock purchase price of 20 million KRW per year. Employees can receive up to 2 million KRW annually.
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