Naver (035420)
네이버 · KOSPI · Korea's search platform and HyperCLOVA X
KOSPI · Price as of · Naver Finance · Converted at ₩1344 per dollar
- Code035420
- ExchangeKOSPI
- Korean name네이버
- Quoted inKorean won
- US listingNone
- Run byChoi Soo-yeon
- Analysts27
- Implied upside+61.5%
- Target range₩200,000 to ₩400,000
- Target in dollars$214.35
Reported fundamentals
There is no stock score on this page. The score is computed from audited XBRL filings on SEC EDGAR and includes a 20-point insider component built from Form 4s, and a Korean company files neither, so a grade here would be measuring something different from the same letter on a US hub. These are the reported figures instead.
| Revenue | ₩12.0T ($9.0B) | +12.1% against the prior year |
| Net income | ₩2.0T ($1.5B) | 16.2% net margin |
| Capital spending | ₩1.3T | 11.0% of revenue |
| Shares outstanding | 149,579,777 | -0.3% 2022 to 2025, buybacks |
| Cash | ₩9.0T ($6.7B) | Current ratio 1.5 |
| Total debt | ₩5.6T ($4.2B) | Debt to equity 18.2 |
| Forward P/E | 12.6 | On analyst estimates, not on reported earnings |
Naver closed at ₩174,300 on Oct 27, down 13.3% since Sep 22. Daily closes on the KOSPI, in won. Source: Yahoo Finance.
What Naver does
Naver runs the search engine and web portal most of Korea actually uses, which is the base the rest of the company sits on. It sells search advertising, runs a large commerce operation, and owns the Webtoon digital comics platform. Its AI work is HyperCLOVA X, a family of large language models trained primarily on Korean.
The argument for Naver as an AI company is sovereign AI: the idea that a country wants models, data and cloud capacity inside its own borders and under its own law rather than renting all of it from American providers. Naver is the domestic company positioned to supply that, and it has pitched the same package to other governments. The argument against is that the revenue is still mostly advertising and commerce, so the AI work is a cost line long before it is a growth line.
Naver is run by Choi Soo-yeon (최수연), CEO, since March 2022.
Naver has no US listing. Buying the shares means buying the Seoul line, which most US brokerage accounts cannot do directly.
Naver coverage
69 articles
Korea's Daum plans limits on ChatGPT and other AI crawlers. Naver already restricts them.
Daum is preparing rules on how ChatGPT and other AI services can collect its content, the Korea Economic Daily reported. Naver already prohibits several major AI crawlers, but one analyst questions whether rules like these will be enough.
Naver posts record revenue, but AI spending squeezes profits and sends shares down 7%.
Naver’s revenue hit a record, but AI Factory spending squeezed profit and sent the stock down 7.1% anyway, even after a trillion-won buyback. Kakao had the opposite week.
Nvidia (NVDA) will own more of Korean internet company Naver than its founder does
Naver, the Korean company that runs the country's main search engine and its biggest shopping platform, told the Korea Exchange on Monday it will sell 1.4809 trillion won of new shares to Nvidia, near $1.01 billion. That makes Nvidia the third largest shareholder at about 4.5%, ahead of founder Lee Hae-jin at 3.8%.
SK Hynix (000660) quarterly revenue hits $78.8 billion as company plans $75 billion in shareholder returns
SK Hynix reported record third-quarter operating profit of 83.3 trillion won ($62.8B), more than seven times a year earlier, and said it plans about 100 trillion won ($75.3B) in shareholder returns for 2026, counting dividends and canceled buybacks.
Korea's Fine M-Tec (441270) denies its parts caused iPhone Duo screen cracks. Its stock fell 15.7% in a day.
Fine M-Tec is reported to supply a key part for Apple's first foldable iPhone. A Korean broker raised its target after the selloff.
JYP Entertainment (035900) shares jump as NEXROC floats bid for up to 50% stake. JYP says no offer received.
NEXROC and SVCV say they'll seek 25% to 50% of JYP Entertainment at a 30% premium. Korean deal advisers question how the plan was announced.
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Frequently asked questions
What is Naver's stock code?
Naver trades on the KOSPI in Seoul under the code 035420. Data providers usually write it as 035420.KS. The company has no US listing, so the Seoul line is the only place the shares trade.
Why is Naver an AI stock?
Naver runs the search engine and web portal most of Korea actually uses, which is the base the rest of the company sits on. It sells search advertising, runs a large commerce operation, and owns the Webtoon digital comics platform. Its AI work is HyperCLOVA X, a family of large language models trained primarily on Korean.
What do analysts expect for Naver?
27 analysts covering Naver have an average price target of ₩288,148 (about $214.35), which is +61.5% against the last close. Coverage of Korean listings is overwhelmingly domestic, so these are Korean brokerage estimates rather than the US sell-side names that cover an American chip stock.
Does Naver file with the SEC?
No. Naver is a Korean company listed in Seoul, so it reports to the Korea Exchange and the Financial Supervisory Service, not the SEC. That is why this page has no filings, Form 4 insider or congressional trading sections: those are built from EDGAR, which has nothing on a company that does not file there.