On the 16th, at the start of the trading day, NAVER's stock is up by 2%. This follows the news that Ha Jung-woo, head of NAVER Cloud's AI Innovation Center, has been appointed as the ‘AI Future Planning Chief’ by the Lee Jae-myung government.

On the 15th, Ha Jung-woo, the head of the Naver AI Innovation Center, attends a briefing related to the appointment held at the presidential office in Yongsan, Seoul. /Courtesy of News1

As of 9:17 a.m. on the 16th, NAVER shares are trading at 206,000 won, up 5,500 won (2.74%) from the previous trading day in the securities market. At the start of the day, the price rose more than 5%, briefly touching the 210,000 won range.

It is interpreted that the buying pressure was driven by the news that President Lee Jae-myung appointed Ha Jung-woo as the first ‘AI Future Planning Chief’ in the presidential office on the 15th.

The AI Chief is a newly established position in the Lee Jae-myung government. It is said that they will oversee the investment roadmap for realizing the president's election pledge of ‘100 trillion won in AI investment,’ the training of 100,000 talented individuals, and the large-scale construction of AI data centers.