SEOUL, May 18 (Korea Bizwire) — The landscape of South Korea’s early-morning delivery market is shifting as logistics giant CJ Logistics Corp. has entered into an agreement with the country’s top online portal operator Naver Corp. to join the fast delivery market. The two parties recently announced that they will strengthen cooperation in logistics area, [...]
SEOUL, April 21 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Thursday its net profit plummeted 99 percent on-year in the first quarter due to a low base effect. Net profit reached 151.4 billion won (US$122.5 million) during the January-March period, compared with 15.31 trillion won in the previous year, the [...]
SEOUL, April 15 (Korea Bizwire) – Hyundai Movex Co., a logistics system affiliate under Hyundai Group, said Thursday it has introduced Roboport, a next-generation elevator for robots, at Naver Corp.’s new office building. Roboport is the world’s first elevator dedicated to service robots. More than 100 service robots will use Naver Cloud and ARC (AI, robot and cloud), [...]
SEOUL, April 13 (Korea Bizwire) — Naver Corp., South Korea’s leading online portal operator, is targeting to achieve 1 billion users and 15 trillion won (US$12 billion) in sales within five years by strengthening its global businesses, its new chief executive said Wednesday. To achieve the goals, Naver plans to make a presence in global [...]
SEOUL, March 24 (Korea Bizwire) — South Korean technology giant Naver Corp. posted a sharp increase in net profits and marked an increase in the total amount of shareholder dividends last year, but its dividend propensity plunged to near all-time low. The company paid cash dividends of 76.3 billion won (US$62.5 million) in 2021, up [...]
SEOUL, March 14 (Korea Bizwire) — Naver Corp.’s new CEO Choi Soo-yeon took office Monday, vowing to foster innovation and reform the corporate culture of South Korea’s top internet portal operator. The company’s shareholders and board of directors approved the appointment of the 40-year-old international business expert for a three-year term. She was named in [...]
SEOUL, March. 11 (Korea Bizwire) — Shares in South Korean tech giants Kakao Corp. and Naver Corp. jumped on Thursday amid expectations that the new government would ease platform regulations. The stock price of Naver rose by 8.54 percent from the previous trading day to 330,500 won, while that of Kakao jumped by 8.58 percent [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s top internet portal operator, Naver Corp., said Thursday its net profit jumped nearly 20 times in 2021 from the previous year on the back of the non-contact trend amid the COVID-19 pandemic. Naver’s net profit reached 16.41 trillion won (US$13.7 billion) last year, compared with a net [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s dominant internet portal operator Naver Corp. on Thursday introduced a new personalized search service dubbed AiR Search. The service, powered by Naver’s artificial intelligence (AI) technology, will provide results in block units that reflect current trends and individual interests. “AiR Search will be the beginning of a [...]
SEOUL, Oct. 21 (Korea Bizwire) – Naver Corp. said Thursday its net profit jumped 37.1 percent in the third quarter from a year earlier largely due to a stellar performance of its content businesses amid the new coronavirus pandemic. Net profit reached 322.7 billion won (US$274.8 million) in the July-September period, compared with a profit [...]