South Korean internet giant Naver reported robust second-quarter results, driven by steady growth in its core search platform and e-commerce business. Revenue increased by 16% year-on-year to KRW 3.389 trillion, while operating profit dipped slightly by 0.2% to KRW 520.3 billion, outperforming market expectations. Meanwhile, as the company behind South Korea's dominant search engine, Naver has been expanding its artificial intelligence footprint, recently forming a multi-billion-dollar partnership with AI chip leader NVIDIA and U.S. private equity firm Brookfield to jointly establish a gigawatt-scale AI cloud infrastructure.
