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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] According to the financial investment industry on the 2nd, Naver's stock price closed at 159,000 KRW, down 2.45% from the previous day. This represents a decrease of approximately 6.3 trillion KRW compared to two months ago.
Naver's stock price has been steadily declining due to concerns about a global economic slowdown and deteriorating investor sentiment toward tech stocks. The prospect of continued interest rate hikes in the United States and worries about Naver's profitability are major factors contributing to the stock's decline.
Recently, Naver has been pursuing business diversification and global market expansion. However, the initial investment costs and intensified competition have led to slower improvements in profitability. Additionally, Naver's various new ventures have yet to show tangible results, exacerbating investor concerns.
Experts predict that Naver's stock price will remain weak in the short term. However, they also believe that as Naver's new businesses stabilize and begin to deliver results, there is potential for the stock price to recover in the medium to long term.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
