Since Naver, South Korea's largest search engine and e-commerce giant, exchanged shares with E-Mart and S SG.com for a total of 250 billion won, Naver's stock price has continued to rise, and its market value once exceeded 4 billion won.
Recently, according to the Korea Herald, global credit rating agencies S& P Global Ratings and Moody's have predicted stable growth for South Korean Internet giant Naver and rated its company as A- and A3 respectively .
Naver's fast-growing e-commerce and fintech businesses will become important growth engines for the company.
Yoo Wan-hee , a Moody's vice president and senior credit officer, said: "Naver's A3 rating reflects its dominant position in South Korea's online services industry as a leading search and e-commerce platform operator . This rating is inseparable from its diversified business , solid industry growth prospects, and strong balance sheet . "
Thanks to the strong growth in e-commerce, which has recently gained momentum in South Korea due to the coronavirus pandemic , Naver is likely to maintain its strong operating performance and is expected to achieve strong revenue growth of 16 % -21% over the next two years.
Last year, the annual e-commerce transaction volume on Naver was estimated at 27 trillion won , accounting for 16.6% of the Korean online shopping market , ranking first in the Korean e-commerce market share. According to experts’ predictions, under Naver’s “cooperation strategy”, Naver’s e-commerce market share may increase to 30% by 2025 .
In fact, Naver has done more than just this in terms of corporate expansion! The electronic disclosure system of the Financial Supervisory Service of Korea revealed on the 21st that Naver 's R&D expenses last year were as high as 1.3321 trillion won ( RMB 7.65 billion ) .
It should be noted that Naver 's annual sales last year were only 5.3041 trillion won, which is equivalent to investing 25% of its sales in research and development, which is the highest ratio among Korean companies. Even Samsung Electronics, which has the highest R&D investment in Korea , only spent 8.9% of its sales on R&D last year . Credit Rating Naver Market Cap |
>>: 40,000 SKUs, over a million monthly visitors, this independent website is selling like hot cakes
Egypt’s e-commerce market is expected to grow 33%...
Shunli Intellectual Property Law Firm provides mo...
Statistics show that in the past five years, the ...
According to Fresh Fruit Portal , according to th...
To outsiders, Amazon operations may be a good job...
Best Buy 's sales have surged over the past y...
ClearPay is an independent company founded by pro...
Amazon's profits surged 60% to £204 million (...
Since July this year , Vietnam has become a sever...
Since last week, some Amazon sellers have entered...
In the cold winter, people will choose to wear th...
E-commerce giant Amazon is opening its first logi...
As the world's largest e-commerce giant, Amaz...
Haichengda (Shenzhen Haichengda International Supp...
This year's peak season is coming to an end, ...