Elevator Pitch
I maintain a Bullish rating on Korea-listed internet conglomerate Naver Corporation (NHNCF) [035420:KS].
The proposed merger between LINE Corporation (LN) (LNNFF) [3938:JP] and Z Holdings (YAHOF) (YAHOY) [4689:JP] remains on track, and a joint product committee has recently been set up to explore potential synergies between both companies' products and services. In the company's home market, Naver Corporation has recently introduced several new initiatives to further cement its market leadership in the Korean internet market, and these include Smart Channel, Naver Bankbook and Naver Plus.
Taking into account the multiple tailwinds mentioned above,