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

Operating profit slips on cost of fielding advanced tech team

20210429N Naver

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

KOTARO HOSOKAWA, Nikkei staff writer

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.

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