SEOUL, Nov. 18 (Korea Bizwire) — South Korean tech giant Naver Corp. said Monday it will establish a joint venture with Saudi Arabia’s state housing company to collaborate for digital twin platform projects in the Middle East. Naver and Saudi Arabia’s National Housing Company signed a memorandum of understanding for the establishment of the joint [...]
SEOUL, Nov. 11 (Korea Bizwire) – South Korean tech giant Naver Corp. said Monday it will integrate its self-developed artificial intelligence (AI) technology into its major services, including its search platform and shopping application. Naver unveiled its so-called “On-Service AI” plan aimed at enhancing its major services with the cutting-edge technology at its tech conference, [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korean tech giant Naver Corp. said Monday it will integrate its self-developed artificial intelligence (AI) technology into its major services, including its search platform and shopping application. Naver unveiled its so-called “On-Service AI” plan aimed at enhancing its major services with the cutting-edge technology at its tech conference, [...]
SEOUL, Oct. 28 (Korea Bizwire) – South Korean technology companies are rapidly expanding their presence in the Middle East, focusing on artificial intelligence (AI), cloud computing, and cybersecurity initiatives. Naver, South Korea’s leading IT platform company, is spearheading this expansion. The company announced on September 23 that it plans to establish “NAVER Arabia,” its Middle East [...]
SEOUL, Oct. 28 (Korea Bizwire) – Naver is building substantial technological expertise in spatial intelligence, a field emerging as the next frontier beyond artificial intelligence (AI). According to ICT industry sources on October 27, Naver Labs, the company’s technology research subsidiary, has accumulated 521 patents in spatial intelligence since its establishment in 2017. These patents cover [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent study has uncovered evidence of coordinated efforts to sway public opinion on South Korean online platforms through comments suspected to originate from China. The research, focused on industries where South Korea and China are in fierce competition, such as electric vehicles, batteries, and e-commerce, reveals a pattern of [...]
SEOUL, Sept. 23 (Korea Bizwire) — Naver Corp., the operator of South Korea’s leading internet portal, said Monday it has plans to establish a Middle Eastern unit in Saudi Arabia within this year as part of efforts to expand its global business. The new unit, tentatively named Naver Arabia, will be in charge of Naver’s [...]
SEOUL, Sept. 13 (Korea Bizwire) – Naver, the South Korean internet giant, is set to collaborate with Saudi Arabia’s Data and Artificial Intelligence Authority (SDAIA) to develop a large language model (LLM) based on Arabic, marking a significant step in the company’s Middle Eastern expansion strategy. On September 10, during the three-day Global AI Summit conference [...]
SEOUL, Jul. 25 (Korea Bizwire) – South Korean tech giant Naver is gaining increased attention from global investment banks, with its webtoon platform and robotics ventures leading the charge. According to industry sources on July 24, Goldman Sachs and Evercore ISI, two prominent investment banks, have set ambitious target prices for Webtoon Entertainment, the parent company [...]
SEOUL, Jun. 27 (Korea Bizwire) — Online comics company Webtoon Entertainment Inc., owned by South Korea’s top internet platform, Naver, has set a price of US$21 per share, the top of its pricing range, for its plan to list itself on the U.S. stock market, as it seeks to become a “Disney in Asia.” In [...]