[Concall] 'Naver Plus Membership' Surpasses 1.6 Million Subscribers

[Asia Economy Reporter Bu Aeri] Naver's paid membership service 'Naver Plus Membership' has secured 1.6 million members.

On the 29th, CEO Han Seong-suk stated during the Q3 earnings conference call, "The number of Naver Plus Membership subscribers has surpassed 1.6 million," adding, "The membership transaction amount in September grew to about 15% of Naver Shopping, positively impacting the overall transaction growth."

He continued, "We plan to steadily grow the membership to reach 2 million subscribers by the end of the year."

Launched in June, Naver's 'Naver Plus Membership' offers a basic price of 4,900 KRW per month and provides up to 4% additional points on Naver Pay payments for shopping, reservations, webtoons, and more. It also offers content such as webtoons, videos, and music.