Naver Invests 10 Billion KRW in Livestock Startup 'Jeongyukgak'

[Asia Economy Reporter Buaeri] Naver announced on the 1st that it has invested 10 billion KRW in the online livestock product distribution startup 'Jeongyookgak'.

Naver participated in Jeongyookgak's 'Series C' investment. The company explained that this investment is part of its strategy to strengthen fresh food distribution.

Jeongyookgak was founded by CEO Kim Jaeyeon, a graduate of the Korea Advanced Institute of Science and Technology (KAIST). The company is simplifying the existing livestock product distribution structure and expanding its business by utilizing big data and artificial intelligence (AI) technology.