[Breaking] Naver Acquires North American Secondhand Trading Platform 'Poshmark'

[Image source=Yonhap News]

[Asia Economy Reporter Kang Nahum] Naver (NAVER) announced on the 4th that it acquired 100% of the shares of Poshmark, a US secondhand trading site, through its wholly-owned subsidiary in the United States for 2.3441 trillion KRW.

Regarding the purpose of acquiring the shares, Naver stated it is "to secure management rights of the issuing company for entry into the US commerce market."