naver Archives | Be Korea-savvy
Naver, Kakao Expected to Show Brisk Performance Next Year amid Pandemic

Naver, Kakao Expected to Show Brisk Performance Next Year amid Pandemic

SEOUL, Nov. 7 (Korea Bizwire) — Naver Corp. and Kakao Corp., the two major South Korean tech companies, are expected to continue their upward trajectory in earnings projections amid the coronavirus pandemic, market watchers said Saturday. Quarterly sales of Naver — South Korea’s top internet portal operator — and Kakao — the operator of the [...]

Naver Introduces Instant Translation Service for Papago App

Naver Introduces Instant Translation Service for Papago App

SEOUL, Nov. 5 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, announced on Wednesday a new feature in its mobile translation application Papago that instantly translates the words in pictures. After taking a photo of street signs or restaurant menus using the Papago app, you can instantly translate the words in pictures [...]

Logistics Industry on Alert as Naver Teams Up with CJ Logistics

Logistics Industry on Alert as Naver Teams Up with CJ Logistics

SEOUL, Oct. 28 (Korea Bizwire) — The South Korean retail industry is eyeing country’s top online portal operator Naver and entertainment and logistics giant CJ Group as the two companies are exchanging company shares worth 600 billion won ($531 million) as part of a strategic partnership in the fields of cultural content and distribution. Industry [...]

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 [...]

Agriculture Ministry, Naver Work Together to Offer Info on ‘Virus-safe’ Restaurants

Agriculture Ministry, Naver Work Together to Offer Info on ‘Virus-safe’ Restaurants

SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s agricultural ministry said Thursday it has collaborated with the country’s top online portal operator Naver Corp. to provide information on restaurants that follow guidelines on the prevention of the new coronavirus. The government said earlier it will release data on restaurants that follow sanitary guidelines and induce [...]

Naver, Kakao Eye Top Spots in Overseas Webtoon Markets

Naver, Kakao Eye Top Spots in Overseas Webtoon Markets

SEOUL, Aug. 4 (Korea Bizwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, have an unrivaled presence here but often face criticism that their platforms are limited to the domestic market. This criticism, however, is becoming increasingly misguided since Naver and Kakao’s [...]