Qingdao Branch of NAVER Opened

<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /> Qingdao branch of NAVER was officially opened on December 10, which is located in Qingdao software park and estimated to employ 30 , and reach about 200 next year.

NAVER is the web enterprise ranking the first among South Korean IT industry, with total share market value ranking the first of KOSDAQ; In 2007, its production value reached RMB6.7b. Naver ranking the first among the searching websites in South Korea and South Korean biggest online game website Hangame are the most influential network operators. Currently, branches have been set up in China , US and Japan to carry out business. NHN China was established in January 2004 and then controlled shares of SeaRainbow Holding to operate OUR GAME. NHN China also set up the offices in Beijing , Shanghai , Xi'an and other places, and established the branches engaging in outsourcing in Beijing , Shenyang and Yanji.

NHN currently entered into Qingdao in the form of branch company, with the main business being background service of web pages of researching engines, a typical outsourcing project. The settlement of the project filled the gap of Qingdao foreign-invested enterprises in researching engine and online game outsourcing and played an important role in uplifting the influence force of Qingdao in South Korean outsourcing area.