SEOUL, Aug. 24 (Korea Bizwire) – South Korean tech giant Naver Corp. on Thursday unveiled an upgraded version of its hyperscale artificial intelligence model HyperCLOVA X and its conversational chatbot service tailored for the Korean language. It is Naver’s weapon of choice to win the ongoing global battle for linguistic AI that has intensified since [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Friday its second-quarter operating profit and revenue hit quarterly highs, driven by the robust performance of its commerce and content businesses. Its net profit rose more than 80 percent on an annual basis to 286.7 billion won (US$220.7 million), up 80.9 [...]
SEOUL, July 26 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. said Tuesday it has signed a memorandum of understanding (MOU) with car-sharing and mobility service provider SOCAR Inc. to foster mutual cooperation for mobility service innovation using its hyperscale artificial intelligence (AI) platform, HyperCLOVA X. According to the terms of the MOU, [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. is currently engaged in a tense battle with SK Telecom Co., the country’s leading wireless carrier, over the recruitment of skilled employees in the field of artificial intelligence (AI). Naver Cloud, a cloud computing solutions unit under Naver, recently presented evidence to [...]
SEOUL, June 6 (Korea Bizwire) — KakaoTalk and Naver, two popular platforms in South Korea known as the “people’s messenger” and “people’s portal,” respectively, are facing a growing challenge from global tech giants. KakaoTalk’s position as the top platform for monthly active users (MAU) is being threatened by Google’s YouTube, with a narrow gap of 507,487 [...]
SEOUL, May 8 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Monday its net profit plunged 71.2 percent in the first quarter from a year earlier due to an accounting loss stemming from an economic slowdown. Its net income reached 43.7 billion won (US$33 million) on a consolidated basis in the January-March [...]
SEOUL, April 5 (Korea Bizwire) — A handful of South Korean manufacturers are seeing their sales rise through Naver Corp.’s shopping platform after splitting with e-commerce giant Coupang Inc. due to feuds over prices. Cosmetics and household goods maker LG Household & Health Care Ltd. announced that the average sales of its premium detergent brand [...]
SEOUL, April 3 (Korea Bizwire) — South Korea’s two major tech giants pulled a prank for a bit of fun on April Fools’ Day. Samsung Electronics Co. on Saturday posted on its website that it had released the Galaxy S23 Bow-Wow Edition, the world’s first smartphone designed exclusively for dogs. This cream-colored smartphone can diagnose [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. said Monday it will unveil an upgraded version of the hyperscale artificial intelligence platform, HyperCLOVA X, tailored for Korean language in July in a bid to keep up with the ChatGPT-fueled global competition for linguistic AI. HyperCLOVA X, the latest edition of [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean tech giants have joined hands to expand the simple payment ecosystem with the impending launch of Apple Inc.’s mobile payment service Apple Pay in the domestic market, Samsung Electronics Co., the world’s largest mobile phone maker, and Naver Financial Corp., a financial arm of leading portal operator [...]