Correction: 973B KRW Loan to NW HOLDINGS for Equity Conversion
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Correction: Loan maturity changed from 2026-03-30 to 2026-02-02; conversion to include interest costs.
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Loan amount: KRW 972.99 billion (approx. EUR 563 million), 3.6% of equity, interest rate 4.6%.
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Purpose: Loan and subsequent equity conversion to fund subsidiary's acquisition of WALLAPOP.
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Counterparty: Spanish entity NW HOLDINGS (established Sep 2025, no financials disclosed).
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Transaction dates: Loan on 2026-01-23, conversion on 2026-02-02.
KOSPI Filing Information
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[Correction of Description] Decision on Monetary Loan
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Company: NAVER (035420)
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Submission: NAVER Corporation
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Under KRX KOSPI Market Division
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Shares: 156,852,638
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Price: 275,000 KRW
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Market Cap: 43,134.5 B KRW