naver Archives | Be Korea-savvy
Naver Partners with Saudi Public Transport Company to Revolutionize Urban Transit

Naver Partners with Saudi Public Transport Company to Revolutionize Urban Transit

SEOUL, Mar. 7 (Korea Bizwire) –South Korean tech giant Naver has announced a strategic partnership with the Saudi Public Transport Company (SAPTCO) to improve Saudi Arabia’s urban transport system through the deployment of an intelligent transportation system. This collaboration, formalized through a Memorandum of Understanding (MOU) on March 7, aims to leverage cutting-edge technologies like [...]

Naver Q4 Net Profit Soars 129 Pct on Strong Commerce, Fintech Biz

Naver Q4 Net Profit Soars 129 Pct on Strong Commerce, Fintech Biz

SEOUL, Feb. 2 (Korea Bizwire) — South Korean tech giant Naver Corp. said Friday its fourth-quarter net profit jumped 129 percent from a year earlier, largely driven by robust growth of its commerce and fintech businesses. The net profit came to 301.8 billion won (US$226.6 million) in the three months ending in December, compared with [...]

Naver Opens Cutting-edge Data Center Inspired by World-heritage Repository

Naver Opens Cutting-edge Data Center Inspired by World-heritage Repository

SEJONG, Nov. 9 (Korea Bizwire) — Tripitaka Koreana, the most complete collection of Buddhist scriptures carved on around 80,000 wooden printing blocks made in the 13th century, has been preserved at a depository named Janggyeong Panjeon at Haein Temple in the southeastern county of Hapcheon in South Korea. The storage hall, solely designed and built [...]

Naver’s Q3 Profit Jumps 54 Pct, Powered by Commerce, Content, Cloud Businesses

Naver’s Q3 Profit Jumps 54 Pct, Powered by Commerce, Content, Cloud Businesses

SEOUL, Nov. 3 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Friday its third-quarter net profit jumped 53.8 percent from a year earlier, powered by robust growth of its commerce, content and cloud businesses. Third-quarter net profit amounted to 356.2 billion won (US$265.2 million) on a consolidated basis in the July-September [...]

Warning Against Counterfeit Products Selling on Naver’s E-Commerce Sites

Warning Against Counterfeit Products Selling on Naver’s E-Commerce Sites

SEOUL, Oct. 17 (Korea Bizwire) – A warning has been issued regarding counterfeit products being sold on Naver’s Smart Store portal. It has been revealed that up to 300,000 counterfeit products, including fake Chanel perfume containing urine, are being sold on Naver’s portal. According to the ‘Status of Counterfeit Product Detection by Online Platforms’ issued by the [...]

Naver to Shut Down Comments Section for Suicide-Related News

Naver to Shut Down Comments Section for Suicide-Related News

SEOUL, Sept. 27 (Korea Bizwire) – Naver, the largest web portal in South Korea, revamped its news service on Tuesday, including shutting down the comments section for suicide-related articles. Naver announced that as part of its efforts to foster a healthy online environment, it would exclude the comments and recommendation sticker services for articles recognized by [...]

Naver’s Decision to Eliminate Fact Check Feature Sparks Outcry Among Journalists

Naver’s Decision to Eliminate Fact Check Feature Sparks Outcry Among Journalists

SEOUL, Sept. 26 (Korea Bizwire) – Naver, the largest online portal in South Korea, had decided to discontinue the fact-check menu on its News Home, following the suspension of financial support for the nation’s unique fact-checking platform SNU FactCheck Center (factcheck.snu.ac.kr). According to the SNU FactCheck Center on Monday, Naver plans to terminate the fact-check menu [...]

Naver Launches Upgraded Korean-based Hyperscale AI Service HyperCLOVA X

Naver Launches Upgraded Korean-based Hyperscale AI Service HyperCLOVA X

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 [...]

Naver Q2 Operating Profit, Sales Hit Quarterly highs on Strong Commerce, Content Biz

Naver Q2 Operating Profit, Sales Hit Quarterly highs on Strong Commerce, Content Biz

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 [...]