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South Korea's SME Minister Nominee to Sell Entire $1.69 Million Stake in Naver

Summary by The Korea Times
Han Seong-sook, the nominee for the minister of small and medium-sized enterprises (SMEs) and startups, has decided to sell her 2.3 billion-won ($1.69 million) stake in Naver, where she previously served as chief executive officer (CEO), once she takes office, government sources said Thursday. She currently holds nearly 9,000 shares in the country's largest internet company, according to the sources. She also plans to sell shares in Hyundai Moto…

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[Digital Daily Reporter Chae Seong-oh] It has been reported that Han Seong-sook, the nominee for Minister of SMEs and Startups (hereinafter referred to as the SMEs and Startups), who served as the CEO of Naver, will sell all of her Naver stocks if she takes office. According to government sources on the 3rd, nominee Han plans to sell 8,934 shares of Naver stock (approximately 2.3 billion won) if she takes office as the Minister of SMEs and Start…

Plans to dispose of 8,934 shares of Naver stocks… Mother’s Hyundai Motor and Samsung Electronics stocks also to be sold to prevent conflicts of interest in advance… Stock options, overseas stocks, etc. excluded from target list Reporters Kang Ae-ran and Cha Min-ji = Minister of SMEs and Startups Han Seong-sook, a former CEO of Naver

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Naver broke the news in on Thursday, July 3, 2025.
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