Naver Invests 150 Billion KRW in Subsidiary Snow's Paid-in Capital Increase
[Asia Economy Reporter Kim Heung-soon] Naver (NAVER) announced on the 11th that it will participate in a paid-in capital increase of its subsidiary Snow by investing 150 billion KRW. The purpose of the investment is to strengthen business competitiveness and secure new investment funds. Including this investment, the total amount Naver has invested in Snow reaches 597 billion KRW.
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