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 [...]
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 [...]
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 [...]
SEOUL, Aug. 3 (Korea Bizwire) — SM Entertainment, a leading K-pop label-agency behind groups such as EXO, Red Velvet and NCT 127, said Monday it has secured an investment of 100 billion won (US$83.8 million) from the country’s top internet portal operator, Naver, strengthening their partnership in areas of online concerts and fan community platform. [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s top internet portal operator Naver Corp. said Thursday its net profit more than tripled in the second quarter from a year earlier largely due to increased online shopping transactions on its platform amid the new coronavirus pandemic. Net profit reached 90.7 billion won (US$76 million) in the [...]
SEOUL, July 29 (Korea Bizwire) — Naver Inc., South Korea’s largest internet portal operator, is making bigger forays into the e-commerce and fintech markets by introducing a new loan service for small vendors operating in the company’s online shopping portal. Naver Financial Corp., the financial arm of Naver, said Tuesday it will introduce a new [...]
SEOUL, July 23 (Korea Bizwire) — The cloud affiliate of South Korea’s leading internet portal operator, Naver Corp., said Thursday that it has launched a new type of hybrid cloud for more stable and easier service. Neurocloud is a type of cloud model called Cloud as a Service (CaaS) in which underlying computer resources are [...]
SEOUL, July 21 (Korea Bizwire) — An accelerator for tech startups operated by Naver Inc., South Korea’s largest internet portal operator, said Tuesday it has made new investments in two promising tech startups. Naver’s D2 Startup Factory, also known as D2SF, said it has selected the two startups that have expertise in developing solutions that [...]
SEOUL, July 20 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Monday it is moving its overseas data backup center from Hong Kong to Singapore amid privacy concerns in the Chinese territory. Concerns about leaks of personal information arose after China implemented a new security law in Hong Kong early this [...]
SEOUL, July 14 (Korea Bizwire) — Naver Map users will now be able to receive recommendations of nearby restaurants through artificial intelligence (AI) technology. Naver Corp., South Korea’s top Internet portal operator, announced Monday that it will introduce ‘Smart Around’, a new AI-based location recommendation service, for Naver Map. Smart Around, first developed in 2018, [...]