After beating Google in Korea, billionaire tries to take on Google abroad


SEOUL: The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the US search engine does not dominate.

To fund expansion and close the gap, bankers familiar with the matter said Naver is considering selling shares of Line Corp in Tokyo, New York or both. They said any initial public offering could value the subsidiary at up to US$20bil.

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