June 17 (Reuters) - Naver Corp:

* WEBTOON ENTERTAINMENT INC. SAYS OFFERING 15 MILLION SHARES

OF

COMMON STOCK TO BE SOLD IN IPO - SEC FILING

* WEBTOON ENTERTAINMENT INC SAYS ESTIMATES IPO PRICE PER

SHARE

WILL BE BETWEEN $18.00 AND $21.00 - SEC FILING

* WEBTOON ENTERTAINMENT INC. : ON JUNE 16 NAVER U.HUB INC

ENTERED

STOCK PURCHASE AGREEMENT TO BUY FOR A NUMBER OF CO'S SHARES FOR

$50 MILLION

* WEBTOON ENTERTAINMENT INC SAYS BLACKROCK INDICATED TO BUY

UP TO

AGGREGATE OF $50 MILLION IN SHARES IN IPO AT IPO PRICE

* WEBTOON ENTERTAINMENT: NAVER TO BENEFICIALLY OWN ABOUT

63.4%

COMMON STOCK ELIGIBLE TO VOTE IN ELECTION OF DIRECTORS ON

COMPLETION OF IPO

* WEBTOON ENTERTAINMENT: BEFORE COMPLETION OF IPO, WILL

EFFECTUATE A 30-FOR-1 FORWARD STOCK SPLIT OF COMMON STOCK

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