Naver Absorbs Search Technology Subsidiary 'SearchSolution' Through Merger
[Asia Economy Reporter Kang Nahum] Naver (NAVER) announced on the 21st that it will absorb and merge its search solution and engine development subsidiary, 'Search Solution.'
Naver owns 100% of Search Solution's shares and plans to complete the merger on October 1st through a capital-free method without issuing new shares.
The company explained the purpose of the merger as "improving management efficiency."
Hot Picks Today
![About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]](https://cwcontent.asiae.co.kr/asiaresize/93/2026051416263163580_1778743590.jpg)
About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- "Envious of Korean Daily Life"...Foreign Tourists Line Up in Central Myeongdong from Early Morning [Reportage]
- Woman in Her 50s Found Dead 28 Days After Going Missing on Bukhansan Mountain
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
Search Solution recorded sales of 3.4 billion KRW and an operating profit of 560 million KRW last year. Kim Kwanghyun, CEO of Naver Search CIC (Company-In-Company), concurrently serves as the CEO of this company.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
