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Labor Strife Escalates at Naver and Kakao as AI Push Meets Worker Resistance

Labor Strife Escalates at Naver and Kakao as AI Push Meets Worker Resistance

SEOUL, June 16 (Korea Bizwire) — Labor tensions are intensifying at South Korea’s top platform companies as unions at Naver and Kakao step up protests, raising fresh questions about corporate governance and workforce management in the country’s fast-evolving tech sector. According to the ICT industry on Sunday, Naver’s union, part of the Korean Federation of [...]

Kakao Spins Off Online Portal Daum to Revive Competitiveness

Kakao Spins Off Online Portal Daum to Revive Competitiveness

SEOUL, May 22 (Korea Bizwire) — South Korea’s internet giant Kakao Corp. said Thursday it has spun off Daum, the country’s second-largest internet portal, in a bid to revive the platform’s competitiveness amid a declining market share. During a board of directors meeting, Kakao approved the plan to spin off the in-house team managing Daum [...]

Korean Tech Firms Pivot to AI Partnerships with Global Leaders

Korean Tech Firms Pivot to AI Partnerships with Global Leaders

SEOUL, Feb. 17 (Korea Bizwire) — Major South Korean information and communications technology (ICT) companies are moving away from independent development efforts, forming strategic partnerships with global tech giants in artificial intelligence to minimize risks and boost their service capabilities.  KT Corporation, one of South Korea’s largest telecommunications companies, announced plans to collaborate with Microsoft to [...]

South Korean Companies Ban Chinese AI DeepSeek over Security Fears

South Korean Companies Ban Chinese AI DeepSeek over Security Fears

SEOUL, Feb. 6 (Korea Bizwire) — Leading South Korean companies and institutions are increasingly restricting the use of DeepSeek, a Chinese artificial intelligence model, amid concerns over its excessive data collection practices. Kakao, which recently announced an official partnership with OpenAI, became the first major South Korean IT company to prohibit DeepSeek’s use for internal operations, [...]

Kakao Announces Partnership with OpenAI to Use ChatGPT on Its New AI Service

Kakao Announces Partnership with OpenAI to Use ChatGPT on Its New AI Service

SEOUL, Feb. 4 (Korea Bizwire) - South Korean tech giant Kakao Corp. on Tuesday announced partnership with OpenAI to use ChatGPT on its new artificial intelligence (AI) service, joining a global alliance led by the U.S. AI company amid intensifying competition in the global AI market. “I am happy to share our partnership with OpenAI [...]

Naver Breaks Into the 10-Trillion-Won Club as Kakao Eyes a Comeback

Naver Breaks Into the 10-Trillion-Won Club as Kakao Eyes a Comeback

SEOUL, Jan. 19 (Korea Bizwire) —  Naver, South Korea’s leading internet platform company, is expected to surpass 10 trillion won ($7.6 billion) in annual revenue for 2024, setting a new record. According to financial projections compiled by Yonhap Infomax, Naver’s revenue for last year is estimated to have grown by 10.15% to reach 10.65 trillion won, [...]