SEONGNAM, South Korea -- Naver's new CEO said Wednesday the South Korean internet giant has set five-year goals of reaching 1 billion users globally and 15 trillion won ($12.2 billion) of revenue to compete in the same league with tech rivals such as Baidu, Google, Microsoft, Tencent and Meta.
Choi Soo-yeon said the company will expand in Japan, North America and Europe, launching new businesses and striking M&A deals. In particular, Choi said the company eyes mergers and acquisitions in North America, aiming to invest 1 trillion won every year in companies that produce online cartoons and stories.
