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Naver Q1 Net Profit Falls 31.3% on Foreign Exchange Losses
NOTICIA
30.04.2026Resumen IA

Naver Q1 Net Profit Falls 31.3% on Foreign Exchange Losses

Naver Corp., South Korea's largest online portal operator, reported a 31.3% drop in first-quarter net profit to 291 billion won (US$195.9 million) from 423.7 billion won a year earlier, missing market expectations of 513.7 billion won. The decline was driven by foreign exchange losses on dollar-denominated debt. However, operating profit rose 7.2% to 541.8 billion won and sales increased 16.3% to 3.24 trillion won.

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Yonhap News
Naver's Q1 Net Profit Falls 31.3% on Foreign Exchange Losses
NOTICIA
29.04.2026Resumen IA

Naver's Q1 Net Profit Falls 31.3% on Foreign Exchange Losses

Naver Corp., South Korea's largest online portal operator, reported its Q1 net profit fell 31.3% year-on-year to 291 billion won due to foreign exchange losses on dollar-denominated debt. Despite the profit decline, operating profit rose 7.2% to 541.8 billion won and sales increased 16.3% to 3.24 trillion won. The results fell short of market expectations, with the average net profit estimate at 513.7 billion won.

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Yonhap News
Naver Signs MOU with Tata Consultancy Services to Explore AI Business Opportunities in India
NOTICIA
20.04.2026Resumen IA

Naver Signs MOU with Tata Consultancy Services to Explore AI Business Opportunities in India

Naver Corp. has signed a memorandum of understanding with Tata Consultancy Services (TCS) to explore business opportunities in India. The agreement, signed during a South Korea-India business forum in New Delhi, will combine Naver's capabilities in AI, cloud and B2C services with TCS's ecosystem services and data assets to pursue AI and digital transformation opportunities in the Indian market.

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Yonhap News