ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

South Korea's Naver reaps $13bn windfall from Line-Yahoo merger

Operating profit slips on cost of fielding advanced tech team

Each of Naver's business segments reported substantial growth in sales. (Photo by Kotaro Hosokawa)

SEOUL -- Naver, South Korea's biggest internet portal operator, booked an extraordinary profit of 14.9 trillion won ($13.3 billion) from the merger of former chat subsidiary Line with Yahoo Japan's parent, the company said Thursday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more