Naver annual revenue 2012-2023

In 2023, the revenue of South Korean Naver Corporation amounted to approximately 9.7 trillion South Korean won. Naver started operating in 1999 as the first South Korean web portal. Although foreign and domestic competitors exist, Naver remains the most preferred service when looking for information in South Korea.

 Naver search platform 

As Naver is the most used search platform in South Korea, it comes as no surprise that this is also the business segment that generates most of Naver’s annual revenue. Due to its popularity, Naver is also referred to as the South Korean Google, staying ahead of the international competition as a search engine. However, the same cannot be said for Naver’s browser Whale, which does not come close to reaching Google Chrome’s browser market share in South Korea.

Naver’s services 

Aside from a search engine, Naver offers a variety of internet-related services. Besides the mail service or the pioneer user-generated question and answer forum Knowledge-iN, its media services have become increasingly popular. The company’s music streaming service Melon is the leading music application and Webtoon has become the most commonly used service for consuming digital comics.