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Corporation
INTERNET | Internet Software & Services / Search
navercorp.com

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Investments

67

Portfolio Exits

12

Funds

1

Partners & Customers

10

About NAVER

NAVER (KRX: 035420) is a Korean Internet company that operates the search portal "NAVER" (www.naver.com), online children's portal "Jr. NAVER" (jr.naver.com), and online donation portal "Happybean" (happybean.naver.com).

NAVER Headquarter Location

NAVER Green Factory 6, Buljeong-ro, Bundang-gu, Seongnam-si

Gyeonggi-do, 13561,

South Korea

+82 1588-3830

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NAVER Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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NAVER Rank

Research containing NAVER

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned NAVER in 2 CB Insights research briefs, most recently on Aug 17, 2021.

Latest NAVER News

South Korea Buy Now Pay Later Market Report 2021: BNPL Payments are Expected to Grow by 68.4% to Reach $5,431.6 Billion in 2021 – Forecast to 2028 – ResearchAndMarkets.com

Oct 15, 2021

Intellasia East Asia News 15-Oct-2021 Intellasia | BusinessWire | 5:08 PM According to the Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 68.4% on annual basis to reach US$ 5,431.6 million in 2021. In South Korea, consumers are increasingly adopting digital payment methods such as e-wallets and buy now pay later (BNPL) schemes. This growing adoption of digital payment services, including the deferred payment method, is similar to global trends. Notably, the increasing adoption of BNPL services among consumers in South Korea can also be attributed to the country's high credit card penetration rate. A few financial technology companies are offering consumers and merchants a deferred payment option in the country. From digital wallet providers to the e-commerce giant, businesses are offering consumers a chance to split their purchases in equal monthly installments in the country. Digital wallets such as Naver Pay and Kakao pay both offer deferred payments services for South Korean consumers. These digital wallets have a large user base, and therefore, have experienced increasing adoption for their BNPL products. Apart from these digital wallets, e-commerce companies such as Coupang have also launched their deferred payment service for consumers. While it is still in its pilot stage, the full-scale rollout of Coupang's BNPL service is expected to disrupt the deferred payment industry in South Korea. Moreover, in August 2020, the South Korean government considered stretching the deferred payment limit for an online platform like Naver Pay and Kakao Pay to US$830 (1 million won) from the previously set limit of 300,000 won to 600,000 won. The increase in the pay later limit is expected to boost deferred payment services in South Korea. Medium to long term growth story of BNPL industry in South Korea remains strong. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 29.1% during 2021-2028. The BNPL Gross Merchandise Value in the country will increase from US$ 3,224.5 million in 2020 to reach US$ 32,536.1 million by 2028. Scope Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Naver Pay Online Channel Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis

NAVER Investments

67 Investments

NAVER has made 67 investments. Their latest investment was in wekeep as part of their Series B on August 8, 2021.

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NAVER Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/13/2021

Series B

wekeep

$21.51M

No

1

8/4/2021

Corporate Minority - IV

Brandi

$17.49M

No

2

8/3/2021

Series A

emmental

$5.25M

Yes

1

8/1/2021

Corporate Minority

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$99M

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10

4/22/2021

Series B

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$99M

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10

Date

8/13/2021

8/4/2021

8/3/2021

8/1/2021

4/22/2021

Round

Series B

Corporate Minority - IV

Series A

Corporate Minority

Series B

Company

wekeep

Brandi

emmental

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Amount

$21.51M

$17.49M

$5.25M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

1

2

1

10

10

NAVER Portfolio Exits

12 Portfolio Exits

NAVER has 12 portfolio exits. Their latest portfolio exit was PlaySight Interactive on October 12, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/12/2021

Acquired

$991

2

8/6/2021

IPO

$991

31

6/24/2021

Merger

1

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

10/12/2021

8/6/2021

6/24/2021

00/00/0000

00/00/0000

Exit

Acquired

IPO

Merger

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

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Sources

2

31

1

10

10

NAVER Acquisitions

16 Acquisitions

NAVER acquired 16 companies. Their latest acquisition was Wattpad on January 20, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/20/2021

Unattributed

$991

$117.8M

Acquired

26

7/25/2019

Spinoff / Spinout

$683M

Spinoff / Spinout

4

12/26/2018

Biz Plan Competition

$0.2M

Acquired

2

12/22/2017

Series B

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$99M

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10

9/5/2017

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$991

$99M

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10

Date

1/20/2021

7/25/2019

12/26/2018

12/22/2017

9/5/2017

Investment Stage

Unattributed

Spinoff / Spinout

Biz Plan Competition

Series B

Companies

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Valuation

$991

$991

Total Funding

$117.8M

$683M

$0.2M

$99M

$99M

Note

Acquired

Spinoff / Spinout

Acquired

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Sources

26

4

2

10

10

NAVER Fund History

1 Fund History

NAVER has 1 fund, including SB Next Media Innovation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/19/2017

SB Next Media Innovation Fund

$87M

2

Closing Date

5/19/2017

Fund

SB Next Media Innovation Fund

Fund Type

Status

Amount

$87M

Sources

2

NAVER Partners & Customers

10 Partners and customers

NAVER has 10 strategic partners and customers. NAVER recently partnered with Hanoi University of Science and Technology on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/7/2021

Partner

Hanoi University of Science and Technology

Vietnam

Vietnam enlists South Korea's Naver to drive AI ambitions

For Naver , the partnership with Vietnam is part of an international network for AI .

2

4/5/2021

Partner

Hanoi University of Science and Technology

Vietnam

Vietnam works to keep pace with world’s AI development

The Hanoi University of Science and Technology and Naver Corporation of the Republic of Korea will partner to operate the centre for the development of in-depth research and training of skilled personnel in AI Research .

1

3/29/2021

Vendor

DDN Storage

United States

NAVER Selects DDN's AI Storage for Cutting Edge AI Services - DDN.com

With this reference architecture , along with a reference architecture for smaller NVIDIA POD solutions , DDN is the only NVIDIA partner with solutions for all sizes of AI projects .

2

2/25/2021

Partner

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10

10/15/2020

Partner

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10

Date

4/7/2021

4/5/2021

3/29/2021

2/25/2021

10/15/2020

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Hanoi University of Science and Technology

Hanoi University of Science and Technology

DDN Storage

Country

Vietnam

Vietnam

United States

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News Snippet

Vietnam enlists South Korea's Naver to drive AI ambitions

For Naver , the partnership with Vietnam is part of an international network for AI .

Vietnam works to keep pace with world’s AI development

The Hanoi University of Science and Technology and Naver Corporation of the Republic of Korea will partner to operate the centre for the development of in-depth research and training of skilled personnel in AI Research .

NAVER Selects DDN's AI Storage for Cutting Edge AI Services - DDN.com

With this reference architecture , along with a reference architecture for smaller NVIDIA POD solutions , DDN is the only NVIDIA partner with solutions for all sizes of AI projects .

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Sources

2

1

2

10

10

NAVER Team

3 Team Members

NAVER has 3 team members, including current Managing Director, Lee Joonpyo.

Name

Work History

Title

Status

Lee Joonpyo

Managing Director

Current

Hyojeong KIM

Chief Executive Officer

Former

In Joon Hwang

Woori Investment, Samsung Securities, Credit Suisse, and Samsung Electronics

Chief Financial Officer

Former

Name

Lee Joonpyo

Hyojeong KIM

In Joon Hwang

Work History

Woori Investment, Samsung Securities, Credit Suisse, and Samsung Electronics

Title

Managing Director

Chief Executive Officer

Chief Financial Officer

Status

Current

Former

Former

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