Naver (KRX:035420) is upgrading its logistics network, accelerating the domestic parcel delivery market's growth to an expected 20% this year, Pulse News reported Tuesday.
The South Korean e-commerce giant is enhancing its Naver Fulfillment Alliance (NFA) system with faster delivery options, including same-day and next-day services. The move aims to boost logistics efficiency amid the increasing competition from Chinese cross-border platforms, the report said.
Shares of Naver rose nearly 1% at market close on Wednesday.
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