Naver Chief Financial Officer Kim Hee-cheul said on the earnings conference call held on the morning of the 7th for the second quarter of this year, "To enhance shareholder value, we canceled 4,901,094 treasury shares, equivalent to 3.1% of total shares outstanding, on the 3rd," adding, "In amount, it is about 1 trillion won."

Kim, the CFO, said, "We plan to continue reviewing various measures to enhance shareholder value in line with our shareholder return plan going forward."

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