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Korean Internet Giant Naver Backs E-Commerce Aggregator New Vessel In Seed Round

Feb 15, 2022over 3 years ago

Round Type

seed

Description

According to EMarketer, Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. Despite the large e-commerce market size, both countries have fewer e-commerce aggregators than other countries with smaller markets.

Company Information

Company

Naver

About

Naver Corp. is a leading South Korean internet company, known for its search engine and various online services. It has expanded into diverse sectors including fintech, with a focus on innovative technologies. Naver is the largest stakeholder in its fintech subsidiary, Naver Financial Corp. The company is actively involved in blockchain initiatives and stablecoin development.

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