In 50 Words: Naver unit Kream acquires 43.6% stake in Japan-based Soda

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In 50 Words: Naver unit Kream acquires 43.6% stake in Japan-based Soda

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Recommerce platform Kream, a subsidiary of South Korean tech major Naver, is set to merge its operations with Japan’s Soda.

Kream invested around US$72 million for a 43.6% stake in Soda, with plans for Soda to become its subsidiary next year. This move aims to expand customer bases and create opportunities.

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