Naver Invests Additional 70 Billion KRW in Naver Labs
[Asia Economy Reporter Jang Hyowon] Naver announced on the 26th that it has decided to additionally invest 70 billion KRW in Naver Labs during the third quarter of this year. Naver will acquire 140,000 common shares of Naver Labs.
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The company stated that the investment is intended for research and development (R&D) purposes. Including this investment, the total amount Naver has invested in Naver Labs is 260 billion KRW.
This content was produced with the assistance of AI translation services.
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