Naver shares twice as expensive as Google, relative to profits
Apr 8, 2014
Naver Corp., whose Line messaging service propelled shares to levels twice as expensive as Google Inc., is getting sold by overseas investors faster than any other South Korean stock amid concern the rally went too far.Foreigners sold a net $638 million of the shares during the past month, the most among KOSPI index members, according to data compiled by Bloomberg. Naver, which also operates the nation’s most popular search engine, sank 13 percent from a record high on March 10, after a 99 perce