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Naver’s Assistant Service Drives Shoppers Towards Items that Appeal to Their Personal Tastes

Naver’s Assistant Service Drives Shoppers Towards Items that Appeal to Their Personal Tastes

SEOUL, Dec. 15 (Korea Bizwire) — Naver Corp., the operator of South Korea’s dominant Internet portal, said Sunday its artificial intelligence (AI)-based mobile shopping recommendation technology ‘AiTEMS’ led to a sharp increase in customers’ selection of items that are less popular and have fewer review comments. According to a report released by a research team [...]

Amazon Joins Hands with 11st to Enter South Korean Market

Amazon Joins Hands with 11st to Enter South Korean Market

SEOUL, Nov. 17 (Korea Bizwire) — A recent business deal between the U.S. e-commerce giant Amazon.com, Inc. and a local e-commerce platform 11Street Co. is likely to make waves in the domestic online shopping industry. SK Telecom Co., South Korea’s largest mobile carrier and the parent company of 11st, officially announced its plan to join hands [...]

Advertising Agency Opens New-concept Online Shopping Mall

Advertising Agency Opens New-concept Online Shopping Mall

SEOUL, Nov. 10 (Korea Bizwire) — The South Korea’s largest ad agency is making forays into the e-commerce market. Cheil Worldwide Inc., an advertisement unit of Samsung Group, announced on Monday that it had opened a new-concept online shopping mall ‘GETTT’ that is an experience-based e-commerce platform. GETTT is an abbreviation of the words ‘Get [...]

Naver Faces 26.7 bln-won Fine, Accused of Manipulating Algorithms

Naver Faces 26.7 bln-won Fine, Accused of Manipulating Algorithms

SEJONG, Oct. 6 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday accused Naver Corp., the nation’s biggest search engine, of manipulating search algorithms in favor of the company’s online shopping site and imposed a 26.7 billion-won (US$22.9 million) fine. The fine, announced by the Korea Fair Trade Commission (KFTC), is the nation’s first that [...]