SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. has unveiled a new artificial intelligence (AI) service that automatically converts speech, meeting notes and interviews into text. Naver launched the Clova Note service on Sunday, which creates conservation-styled text if users upload voice files or directly record their voices. After installing [...]
SEOUL, Nov. 25 (Korea Bizwire) — Naver Corp., the operator of South Korea’s dominant internet portal, is positively reviewing making inroads into the Japanese search engine market despite two previous failures, the company’s executive said Wednesday. Naver first entered the Japanese search engine market by establishing Naver Japan but exited the country in 2005. Naver [...]
SEOUL, Nov. 24 (Korea Bizwire) — Naver Corp., the operator of South Korea’s dominant Internet portal, said Tuesday it will invest 180 billion won (US$161 million) over the next two years in supporting small business owners and creators. “Naver aims to produce a new kind of business synergy by connecting business and creative works through [...]
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 [...]
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 [...]
SEOUL, Oct. 29 (Korea Bizwire) – South Korea’s top internet portal operator Naver Corp. said Thursday its net profit nearly tripled in the third quarter from a year earlier on the back of booming online goods transactions on its platform amid the pandemic. Net profit reached 235.3 billion won (US$207.5 million) in the July-September period, [...]
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 [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s top online portal operator Naver and entertainment and logistics giant CJ Group signed a share-swap deal Monday in a strategic tie-up to boost their competitive edge in the e-commerce and entertainment industries, officials said. Under the deal worth 600 billion won (US$531 million), Naver will acquire a [...]
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 [...]