Naver Decides to Dispose of Treasury Shares Worth 36.7 Billion KRW

[Asia Economy Reporter Lee Jung-yoon] Naver (NAVER) announced on the 1st that it has decided to dispose of 155,021 common shares, amounting to 36,739,980,000 KRW in treasury stock.

The disposal period is from today until the 29th, and all shares will be disposed of over-the-counter. The purpose of the disposal is to provide treasury shares to employees to strengthen compensation competitiveness.