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    Naver
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    Naver

    South Korea flagSouth Korea

    "South Korea's premier internet portal and search engine"

    Founded 1999-06-02 Seongnam, South Korea CEO: Suyeon Choi
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    About

    Naver Corporation is the South Korean technology conglomerate behind Naver.com, the country's dominant search engine and online portal. Founded on June 2, 1999, by Lee Hae-jin, Naver began as a search engine optimized for the Korean language and rapidly grew into a comprehensive digital ecosystem. Today, it offers services spanning search, email, blogs, community forums, news, maps, mobile payments, e-commerce, webtoons, cloud computing, and artificial intelligence. Often described as the Google of South Korea, Naver commands over half of the domestic search market and serves as a super-app that integrates many aspects of daily digital life, from reading news to conducting financial transactions. The company is headquartered in Seongnam, Gyeonggi Province, and operates internationally through subsidiaries in Japan, the United States, Europe, and Southeast Asia.

    Naver's early innovation was the comprehensive search service launched in 2000, which aggregated websites, images, news, and other content on a single results page. This was followed by Knowledge iN in 2002, a pioneering user-generated Q&A platform that became a cornerstone of Korean internet culture. Over the years, Naver expanded into content with its webtoon platform, which gained global recognition, and made strategic acquisitions such as Wattpad in 2021. The company also invested heavily in AI, developing the HyperCLOVA X large language model, and in robotics, exemplified by its smart headquarters, NAVER 1784. As of 2025, Naver reported annual revenue of approximately ₩12 trillion and over 4,500 employees at its headquarters.

    Mission

    Naver's mission is to connect people with possibilities by providing a comprehensive digital ecosystem that integrates search, communication, commerce, content, and financial services. The company aims to solve local language and context problems for Korean users while advancing AI, cloud computing, and robotics to enhance everyday life and business globally.

    History

    Naver's origins trace back to an in-house project at Samsung SDS in the late 1990s, where a team led by Lee Hae-jin developed a Korean-language search engine. On June 2, 1999, Lee and colleagues spun off the project as Naver Comm, based in Seongnam. The company launched a comprehensive search service in August 2000 that aggregated multiple content types on a single page, a novelty that quickly attracted users. In 2002, Naver introduced Knowledge iN, a Q&A platform that became a defining service and a model for user-generated content in Asia. By the mid-2000s, Naver had overtaken global competitors like Yahoo and Google in South Korea, thanks to superior Korean-language processing and local content.

    In the 2010s, Naver expanded internationally, notably through its webtoon platform and the LINE messaging app (developed with a related entity). The company rebranded its corporate name to Naver Corporation in 2013, consolidating its identity. The late 2010s saw investments in cloud computing and AI, culminating in the HyperCLOVA X large language model. In 2021, Naver acquired Wattpad, a global storytelling platform, for an undisclosed sum, strengthening its content ecosystem. The opening of NAVER 1784, an AI-integrated smart headquarters, in 2022 symbolized Naver's commitment to future technologies. As of 2025, Naver continues to dominate South Korea's internet landscape while expanding its global footprint in AI, content, and fintech.

    Subdivisions

    Naver Cloud

    Cloud computing services including infrastructure, AI, and enterprise solutions.

    Naver Webtoon

    Global digital comics platform and IP production.

    Naver Pay

    Mobile payment and fintech services integrated into the Naver ecosystem.

    Naver Labs

    Research and development in AI, robotics, and spatial intelligence.

    Notable People

    Dr. Youngkook Kim

    Director · Unknown

    Involved in Business, Crisis Management, and ESG Management.

    Lee Hae-jin

    Founder & Global Investment Officer · 1999-present

    Founded Naver and led its growth into Korea's leading internet portal; instrumental in AI and global expansion.

    Suyeon Choi

    CEO · 2022-present

    Oversees overall corporate management and strategic direction.

    Beomjun Kim

    COO · 2023-present

    Responsible for operations and business execution.

    Kim Nam-seon

    CFO · 2022-present

    Manages financial strategy and reporting.

    Milestones

    1999

    Founded on June 2.

    2021

    Acquired Wattpad.

    1999

    Founded on June 2 as Naver Comm.

    2000

    Launched comprehensive search service aggregating multiple content types.

    2002

    Introduced Knowledge iN, a pioneering Q&A platform.

    2013

    Corporate name changed to Naver Corporation.

    2021

    Acquired Wattpad, a global storytelling platform.

    2022

    Opened NAVER 1784 smart headquarters.

    Departments

    SearchAIOnline AdvertisingCommerceContentCloudFintech

    Sources

    Organization Info

    Founded
    1999-06-02
    Headquarters
    Seongnam, South Korea
    Country
    South Korea
    CEO
    Suyeon Choi
    Parent
    Naver Corporation
    Type
    Other
    Founder
    Hae-Jin Lee
    Industry
    Technology, Internet Services
    Key Acquisition
    Wattpad (2021)
    Stock Symbol
    KRX: 035420
    Revenue (2025)
    ₩12.04 trillion

    Financials

    Revenue
    ₩12.04 trillion (2025)
    Employees
    4,535 (2024)

    Official Website

    www.naver.com

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