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(Photo = Yonhap news) |
[Alpha Biz= Reporter Kim Minyoung] Foreign and institutional investors sold more than KRW 1.8 trillion in Naver shares this year.
According to the Korea Exchange on the 17th, Naver's stock price fell 19.82% this year. The closing price of the day is 179,600 won. The figure is close to the 52-week low (KRW 178,000).
In particular, net selling of Naver by foreigners and institutional investors, who are big hands in the stock market, is clear. Foreigners have net sold Naver shares 916 billion won this year. It is the third most sold event among all events. The agency also sold Naver about 893 billion won, ranking third in net selling.
The Japanese government is calling for a review of the capital relationship between Naver and Yahoo as a follow-up to the leak of "LINE" service user information in November last year. Yahoo's stake is held by A Holdings, a joint venture established by Naver and Softbank.
In addition, stock markets have been lowering Naver's target stock prices one after another due to the influence of Chinese direct purchase platforms such as Ali Express and Temu, where e-commerce businesses such as Naver Shopping have entered the domestic market.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
