[Featured Stock] Naver, Coupang Expected to Be Revalued with New York Stock Exchange Listing...3% Up
[Asia Economy Reporter Minji Lee] Naver (NAVER) is showing an upward trend. This appears to be due to expectations that Naver will be re-evaluated following Coupang's IPO.
As of 9:36 AM on the 15th, Naver is trading at 381,000 KRW, up 3.96% compared to the previous trading day. In the current stock market, foreign investors have been net buyers for five consecutive trading days. Foreign investors purchased 43,000 shares of Naver.
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Jiwon Park, a researcher at Kyobo Securities, said, "If Coupang is recognized for its future growth potential and succeeds in its IPO, Naver Shopping, the number one domestic player, will also be re-evaluated. Although Coupang's business strategy differs, Naver holds a competitive advantage in terms of rapid transaction growth, high seller and user responsiveness, and strengthening the value chain through partnerships."
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