Our thesis is that it is a company that is investing in the right businesses to achieve its medium and long-term goals, with shortterm earnings supported by its current investments. It is a very comprehensive business in the ICT service space, and is expected to benefit strongly from trends post-pandemic. Naver’s new addition in its management which has expertise in the M&A space should also aid in the company’s short and longterm growth through strategic investments and acquisitions.
Performance: -27.4%
Korea-listed NAVER Corp was the second biggest loser in our portfolio for the four-month period, with a 27.4% loss. Naver is a global information and communication technologies (ICT) company, providing South Korea’s number one search portal Naver and its subsidiaries and affiliates provide services which include Line messenger, Snow camera app and metaverse platform Zepeto. Naver conducts research and development of artificial intelligence, robotics, autonomous vehicles, mobility and other technology trends through its Naver Labs.
