NAVER company. (OTCPK:NHNCF) Third Quarter 2024 Earnings Conference Call, November 7, 2024, 7 p.m. ET

Participating company

Soo-yeon Choi – CEO
Nam-Sun Kim – Chief Financial Officer

Conference call participants

Eric Cha – Goldman Sachs
Donghwan Oh – Samsung Securities

Unidentified company representative

Good morning. We will now begin NAVER’s third quarter 2024 earnings conference call. For the convenience of our domestic and foreign investors, we will provide simultaneous interpretation for the presentation and switch to consecutive interpretation for the Q&A session. Analysts, investors, hello. My name is Paul Choi (ph) from the Bureau of Capital Markets. Please join me for the third quarter 2024 earnings call.

As always, CEO Soo-yeon Choi and CFO Nam Sun Kim join us on our call today to give you an overview of our company status, strategy and financial performance, after which we will respond to your questions. Please note that the results are based on K-IFRS, provided for timely communications and have not been audited by an independent auditor and are therefore subject to change after this review.

With that, I’m going to turn the floor over to our CEO to provide some company highlights.

Soo-yeon Choi

Good morning. I’m Soo-yeon Choi, the CEO. In the third quarter, NAVER not only strengthened its AI and data-driven search capabilities, but also expanded its hyper-personalized services that deliver content tailored to users’ interests, continuing efforts to improve the platform by with a balanced emphasis on research and discovery. To respond to the recent overhaul of the e-commerce market, we have carefully prepared various measures to strengthen the advantages of NAVER and address its weaknesses.

First, we launched the NAVER Plus Store in late October to improve the experience of discovering and exploring preference-based products.