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Naver Corp (035420.KS)

035420.KS on Korea Stock Exchange

854,000.00KRW
9:29pm EDT
Change (% chg)

₩2,000.00 (+0.23%)
Prev Close
₩852,000.00
Open
₩855,000.00
Day's High
₩856,000.00
Day's Low
₩848,000.00
Volume
11,622
Avg. Vol
84,424
52-wk High
₩903,000.00
52-wk Low
₩666,000.00

Latest Key Developments (Source: Significant Developments)

NAVER buys 8.5 pct stake in YG Entertainment
Tuesday, 4 Apr 2017 04:13am EDT 

YG Entertainment Inc <122870.KQ> :Says NAVER Corporation <035420.KS> has acquired 1.7 million shares of the co, and is holding 8.5 percent stake in the co, from 0 percent stake.  Full Article

Naver to divest webtoon business into new subsidiary
Wednesday, 25 Jan 2017 09:55pm EST 

Naver Corp <035420.KS> : Says it plans to divest its webtoon business into new wholly owned subsidiary named Naver webtoon Corp which is engaged in internet service business .Expected divestiture date is May 1.  Full Article

Naver to pay annual dividend as 1,131 won/share for FY 2016
Wednesday, 25 Jan 2017 09:37pm EST 

Naver Corp <035420.KS> : Says it plans to pay annual cash dividend as 1,131 won/share for FY 2016 to shareholders of record on Dec. 31, 2016 .Total dividend amount is 32.58 billion won.  Full Article

Naver says to buy back 276 bln won worth of its own shares
Wednesday, 26 Oct 2016 04:57am EDT 

Naver Corp <035420.KS>: Says to buy back 276 billion won ($243.52 million) worth of its own shares . Says buying back its own shares to stabilise share price, return capital to shareholders Further company coverage: [035420.KS] ($1 = 1,133.3900 won) (Reporting By Se Young Lee) ((Vincentsy.Lee@thomsonreuters.com;)).  Full Article

Line Corp to raise 25 pct stake in Snow Corp via private placement
Thursday, 29 Sep 2016 03:23am EDT 

Line Corp <3938.T>: Says the co to buy about 110,000 new shares of Snow Corp in its private placement, to raise stake in it to 25 percent from 0 percent . Says Snow Corp is a wholly owned unit of Naver Corp <035420.KS>, which is engaged in development and operation of APP, based in South Korea .Says payment date in mid October.  Full Article

Line shares untraded in Tokyo amid heavy buy orders
Thursday, 14 Jul 2016 08:26pm EDT 

: Line shares untraded in Tokyo amid heavy buy orders, indicated at 3,630 yen versus IPO price of 3,300 yen Further coverage: Japanese chat app operator Line Corp soars in New York debut [nL4N19Z4K2] (Reporting By Chris Gallagher) ((chris.gallagher@thomsonreuters.com;)).  Full Article

Line Corp ADS open about 28 pct above IPO price in debut
Thursday, 14 Jul 2016 10:20am EDT 

: Japan's Line Corp's American Depository Shares open at $42 in debut, above IPO price of $32.84 per ADS Further company coverage: [3938.T] [LN.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Line Corp sees IPO price of ADS shares between $26.50-$31.50 - SEC filing
Tuesday, 28 Jun 2016 08:30am EDT 

Line Corp <3938.T> : Sees IPO Of 35 mln shares of common stock in the form of shares or american depositary shares - SEC filing . Line Corp sees IPO offering price of ADSs will be between $26.50 and $31.50, and IPO offering price of shares will be between ¥2,700 and ¥3,200 Source: (http://1.usa.gov/290d1m5 ) Further company coverage: [3938.T] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Line Corp sets 2,700-3,200 yen tentative IPO price range - filing
Tuesday, 28 Jun 2016 02:05am EDT 

Line Corp <3938.T> : sets 2,700-3,200 yen tentative IPO price range versus 2,800 yen initial reference price - filing Further company coverage: [3938.T].  Full Article

Line Corp files for U.S. IPO of up to $708.4 mln
Friday, 10 Jun 2016 12:55pm EDT 

: Line Corp files for U.S. IPO of up to $708.4 mln - SEC Filing . Will apply for listing of ADSs on the New York Stock Exchange under the symbol "LN" . Line Corp says estimate that the IPO price of the ADSs will be between $25 and $28 per ADS . Estimate initial public offering price of the shares will be between 2,660 yen and 2,980 yen . IPO of up to 35 million shares of co's common stock in the form of shares or American Depositary Shares . Morgan Stanley, Nomura, Goldman Sachs Japan Co Ltd, J.P. Morgan are among underwriters for IPO . In March 2016, line's users exchanged average of 20.4 billion messages a day and average daily active users represented about 61.4 percent of line's MAUS globally . Upon completion of global offering, Naver Corp will own 83.3 percent (before exercise of any over-allotment options) of outstanding shares of co . Active user base has grown to 218 million monthly active users globally in march 2016 . Naver Corp will continue to have "substantial control over us", limiting co's ability to influence outcome of "important corporate decisions" . Line corp says 152 million monthly active users located in its four largest markets of Japan, Taiwan, Thailand and Indonesia .Proposed IPO price is an estimate solely for purpose of calculating sec registration fee.  Full Article

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BRIEF-NAVER buys 8.5 pct stake in YG Entertainment

* Says NAVER Corporation has acquired 1.7 million shares of the co, and is holding 8.5 percent stake in the co, from 0 percent stake