NHN

line
SEOUL, KOREA - Naver’s mobile messenger Line is taking steps to expand the scope of its user base by joining hands with Kreon Mobile, a mobile subsidiary of Kreon, the largest online game publisher in Indonesia. At present, Naver has more than 14 million subscribers in Indonesia.

SEOUL, KOREA- Naver and NHN Entertainment jointly announced that NHN posted sales of 722.6 billion won, operating profit of 194.2 billion won, and net profit of 122.7 billion won for the second quarter of this year, thanks to hikes in global sales.

SEOUL, KOREA – NHN, the South Korea-based operator of the nation's top search portal “Naver,” has stepped up its control over open API (Application Programmer Interface), dealing a severe blow to venture businesses.

SEOUL, KOREA- An action MMORPG game Drakensang, which was hailed by 18 million users worldwide, landed in Korea.

SEOUL, KOREA -  We maintain BUY on NHN and a TP of W370,000, which equates to 23.0x 12MF PE (EPS 16,107), on the following.

SEOUL, KOREA - NHN, a Korean web portal and game publisher, posted an operating profit of 191.1 billion won for the first quarter of this year, up 10.5 percent year on year, with its first-quarter sales estimated at 673.6 billion won, up 17.6 percent year on year. Net profits amounted to 157 billion won.

SEOUL, KOREA - NHN (represented by Kim Sang-heon) said on the 1st that the number of subscribers to its mobile messenger ‘LINE’ broke the 150 million mark.

SEOUL, KOREA – NHN Corporation has replaced about half of its database management systems (DBMS) with domestically-developed open source DBMS “CUBRID.” Since 2008 when NHN acquired Cubrid, a DMBS company, NHN has continued to take advantage of open source DBMS “CUBRID.”

SEOUL, KOREA - Naver is planning to invigorate the environment of ‘Webtoon (Website Cartoon)’. Based on the plan, the largest local portal site is going to lay the firm ground for the creation of website cartoons by coming up with new models of charging those who read webtoons and making advertisements, and by supporting the sales of relevant character products.

Seoul, Korea - In this year’s stock market (KOSPI), the stocks with the largest market capital performed 8.47%p better than the market average. 
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