NAVER Corporation (035420.KS)

TEAM NAVER to establish a joint venture with the National Housing Company in Saudi Arabia, building additional foundations for business along with its digital twin platform

TEAM NAVER is to establish a joint venture with Saudi Arabia's National Housing Company (NHC), a state-owned company under the Ministry of Municipalities and Housing. The JV will serve as NAVER's business unit for the Saudi Arabia region, along with NAVER Arabia (tentative name) which will oversee the company's business in the MENA region.