Naver Discloses Intra-Group Sales and Large Overseas Debt Guarantees
NAVER reported prior-quarter intra-group transactions and guarantee activities. It booked 21,886 million KRW in private-contract sales to affiliate NAVER Cloud for in-house information services and floor space. The disclosure also shows no circular shareholding among domestic affiliates and limited voting-rights activity by financial subsidiaries. NAVER extended debt guarantees totaling 850,689 million KRW, mainly for overseas affiliate NAVER J.Hub, plus 46,367 million KRW in performance guarantees.