According to Naver CEO Choi Su-yeon's Q3 earnings call on November 12, the South Korean e-commerce platform plans to establish a dedicated logistics subsidiary and invest approximately 1 trillion won through 2030 to strengthen its delivery infrastructure and compete more directly with Coupang. The company will lease logistics centers while collaborating with existing partners, leveraging search and order data to optimize inventory placement and delivery speed.

Naver's N-delivery transaction volume surged 38% year-over-year in Q3, with dawn delivery centers expanding from 3 to 9 locations and dawn delivery revenue growing over four times in the quarter. However, operating profit declined 20.9% to 455.3 billion won as AI infrastructure investments increased costs by 29.1%, raising concerns about profitability during the additional logistics spending phase.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.