Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Naver (2023 High Conviction Update): Turbo-Charged by Expected Launch of Korean Version of ChatGPT

Rebellions: Challenging Nvidia in the AI-Powered Semiconductor Chips

Naver's Webtoon Business Governance Structure Changes - A Prelude to an IPO in the U.S.?

Coupang: Market Share Loss Likely Due to Launch of Naver's 24 Hours Next Day Delivery Service

Big Stock Swaps Between Naver & 3 CJ Group Companies - Why?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

<ul>
<li>Naver Corp (035420 KS) (market cap of 28.9 trillion won or $20.9 billion) is our 2023 high conviction play.</li>
<li>In this report, we provide a deep-dive analysis of Naver Corp and why we believe this stock has an attractive upside of 30%+ by the end of 2023. </li>
<li>Having followed the company for many years, I often like to think of <strong>Naver as</strong><strong>"The Genius Turtle." </strong>
</li>
</ul>


Naver Corp (035420 KS) (market cap of 28.9 trillion won or $20.9 billion) is our 2023 high conviction play.
In this report, we provide a deep-dive analysis of Naver Corp and why we believe this stock has an attractive upside of 30%+ by the end of 2023. 
Having followed the company for many years, I often like to think of Naver as"The Genius Turtle." 



2023 High Conviction: Naver Corp - "The Genius Turtle"