NAVER Corp (OTCPK:NHNCF)

$ 115 0 (0%) Market Cap: 22.14 Bil Enterprise Value: 19.21 Bil PE Ratio: 17.36 PB Ratio: 1.17 GF Score: 96/100

Q1 2020 Naver Corp Earnings Call Transcript

Apr 23, 2020 / 12:00AM GMT

Transcript

Seon Cho Ki

NAVER Corporation - Head of IR

[Interpreted] Good morning. I am Kim Min, Director of IR. Thank you for joining NAVER's First Quarter 2020 (inaudible).

With us today are CEO Han Seong-Sook; COO Choi In-Hyuk; and CFO Park Sang-Jin.

The earnings results are K-IFRS based, provided with the purpose of timely communications and are yet to be audited by an independent auditor and, therefore, are subject to change after the review.

With that, CEO Han will present on the business highlights.

Seong;Sook Han

NAVER Corporation - President, CEO & Director

[Interpreted] Good morning. I am Han Seong-Sook. Thank you for joining our call today. This quarter, the impact of COVID-19 was felt all over the world as social distancing and telecommuting became a norm, changing people's daily lives. These changes are leading to economic depressions at home and globally, and NAVER is not exempt from such impact. We are seeing slowing demand for online marketing around certain sectors hit by the economic depression, and we

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