[Featured Stocks] Naver and Kakao Both Hit Record Highs

[Asia Economy Reporter Eunmo Koo] NAVER and Kakao have reached new intraday record highs again.

As of 9:48 AM on the 10th, NAVER was trading at 303,500 KRW, up 5.57% (16,000 KRW) from the previous trading day. At one point during the session, it rose to 308,500 KRW, setting a new intraday high. NAVER's market capitalization was recorded at 50.5931 trillion KRW, surpassing Samsung Biologics (48.9621 trillion KRW) to rank third in market capitalization on the KOSPI market during the session.

At the same time, Kakao was trading at 364,000 KRW, up 2.39% (8,500 KRW) from the previous day. Similarly, it reached a new high of 368,000 KRW during the session.