Naver, also known as NAVER Corporation, a publicly owned company headquartered in South Korea, is a tier 1 media tech buyer. Founded in 1999, with an estimated 4,340 employees, the company specializes in technology, information, and internet services, operating as a South Korean tech platform and search engine. Naver's subsidiaries include the LINE messenger, SNOW camera app, digital comics platform NAVER WEBTOON, group social media platform NAVER BAND, and metaverse platform ZEPETO.
Naver Corp., South Korea's largest online portal operator, reported on April 30 that its first-quarter net profit fell 31.3 percent year-over-year. The company's net profit for the three months ending in March declined to 291 billion won ($195.9 million) from 423.7 billion won in the same period last year, primarily weighed down by foreign exchange losses. Previously, on April 21, Naver and India's Tata Consultancy Services (TCS) signed a Memorandum of Understanding. This agreement was one of 16 signed at the India-Korea Business Forum, aimed at deepening bilateral cooperation.
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