KoreaCrunch

NHN announced earning surprise of 2008 year with increasing over 30% sales and income compared with 2007. According to corporate earning presentation, the total sales in 2008 reached 8.6 hundred million US dollars and net income did 2.6 hundred million US dollars. It was just discounted because of weaken Korean won. 2008 2007 Amount Increased Rate(%) Sales 1,208,126,638 920,208,853 287,917,785 31.29 Operating Income 491,174,801 389,491,413 101,683,388 26.11 Net profit form continuing operation before corporate income Tax 517,100,579 394,317,310 122,783,268 31.14 Net Income 365,702,271 280,107,718 85,594,553 30.56 (Thousand Korean WON) NHN has two business properties of Naver.com (search portal) 70% including search and display advertisement and Hangame.com (online game) 30% based on user-charged game service.