NYTimes on Naver

July 5th, 2007 by Gen Kanai

This article isn’t news to anyone who reads this blog- basic information on why Naver has over 70% of the market in search in S. Korea.

NHN, which employs 27,000, is now the most profitable Internet company in South Korea. The company posted 299 billion won, or $325 million, in profit on 573 billion won in sales last year. It has a market value of more than $8 billion.

South Koreans Connect Through Search Engine

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