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 [...]
SEOUL, June 17 (Korea Bizwire) – Naver Corp., South Korea’s biggest internet portal operator, on Monday unveiled a proactive scheme designed to assess and manage risks associated with artificial intelligence (AI) as part of its efforts to safely develop and use the fast-evolving technology. Naver said its AI Safety Framework (ASF) defines potential AI-related risks [...]
SEOUL, Jun. 11 (Korea Bizwire) — Naver Corp., the largest online portal operator in South Korea, has decided to increase parking fees for employees and reduce overseas working days as part of a revision to its autonomous working system, industry sources said Tuesday. In a recent announcement, the company said it will increase the parking [...]
SEOUL, Jun. 10 (Korea Bizwire) — Users of Naver Papago, the South Korean online portal operator’s artificial intelligence-powered translation service, have steadily increased, topping 20 million last month on overseas demand, industry sources said Monday. The number of Papago’s monthly active users (MAUs), both for app and web versions, reached 20.74 million in May, up [...]
SEOUL, May 24 (Korea Bizwire) – In a striking shift in South Korea’s social media landscape, Instagram has emerged as the dominant platform, surpassing the once-formidable giants Naver and Kakao, according to a recent report by the Korea Information Society Development Institute (KISDI). The report, titled “Social Media Usage by Generation,” revealed that nearly half (48.6%) [...]
SEOUL, May 22 (Korea Bizwire) — The founder of Naver Corp., the operator of South Korea’s biggest internet portal, has called for the creation of various artificial intelligence models to reflect cultural diversity at a global AI summit, the company said Wednesday. “We need to develop various AI models that understand different cultural and environmental [...]
SEOUL, May 22 (Korea Bizwire) — A group of South Korean and global tech companies adopted a joint pledge on Wednesday, vowing to responsibly develop and use artificial intelligence (AI) and to address social challenges with the technology. The Seoul AI Business Pledge was announced by 14 companies, including Korea’s Samsung Electronics Co., Naver Corp., [...]
SEOUL, May 17 (Korea Bizwire) — A senior foreign ministry official called for Japan on Friday to help ensure that Naver Corp. can make its own decision about whether to sell down its stake in the operator of the Line messaging app without “external pressure.” Second Vice Foreign Minister Kang In-sun made the call during [...]