SEOUL, March 1 (Korea Bizwire) — South Korea’s leading internet portal Naver Corp. and Japanese telecom giant Softbank Corp. have completed a merger of their subsidiaries to tap deeper into the Japanese market with a wide range of services, their joint venture said Monday. Japanese chat app operator LINE, affiliated with Naver, and Softbank’s internet [...]
SEOUL, Feb. 4 (Korea Bizwire) — South Korean search giant Naver Corp. said Thursday it will shut down its online portal’s real-time search chart service this month amid a yearslong controversy over whether it could be prone to advertising or be used to rig public opinion. The portal giant, which draws 30 million users everyday, [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s two tech giants — top internet portal operator Naver Corp. and gaming giant NCSOFT Corp. — have accelerated their push into the global K-pop fan community with their platforms, industry officials said Saturday. On Wednesday, Naver announced that it will join hands with Big Hit Entertainment, the [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s internet conglomerate Naver Corp.’s big data technology will be employed in the customs clearance process of overseas direct purchases (ODP) as part of an initiative to limit tax evasion. The Korea Customs Service (KCS) signed a memorandum of understanding (MOU) with Naver on Tuesday, enabling the KCS [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s internet conglomerate Naver Corp. said Wednesday that it will acquire Canadian entertainment platform operator Wattpad Corp. in a stock transaction valued at 653.3 billion won (US$593.6 million). The Toronto-based storytelling platform provides stories through its flagship app. It is a community of more than 90 million people [...]
SEOUL, Jan. 18 (Korea Bizwire) — People will now be able to gain easy access to information about the national licenses they have acquired via Naver App or KakaoTalk. Naver Corp. and Kakao Corp., the two major South Korean tech companies, signed an agreement with the Ministry of Employment and Labor to develop a new [...]
SEOUL, Jan. 8 (Korea Bizwire) — LG Electronics Inc. on Friday said it has signed a partnership with South Korea’s top internet portal operator Naver Corp. to enter the remote learning service business amid the pandemic. Under the deal, the two sides will develop a notebook dedicated to Naver’s online education platform Whale Space. Tentatively [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea’s top internet portal operator, Naver Corp., said Monday its live streaming platform, V Live, has surpassed an accumulated 100 million downloads globally. Launched in August 2015, V Live allows K-pop celebrities to broadcast live videos on the internet and chat live with fans from around the globe. [...]
SEOUL, Dec. 15 (Korea Bizwire) — Naver Corp., the operator of South Korea’s dominant Internet portal, said Sunday its artificial intelligence (AI)-based mobile shopping recommendation technology ‘AiTEMS’ led to a sharp increase in customers’ selection of items that are less popular and have fewer review comments. According to a report released by a research team [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea’s entertainment industry, ranging from big entertainment agencies to multi channel networks (MCNs), is wooing the nation’s leading Internet portal Naver Corp. amid growing interest in augmented reality (AR) avatars that are enjoying rising popularity among teenagers. Naver’s subsidiary Naver Z Corp., the operator of a 3D avatar [...]