SEOUL, May 18 (Korea Bizwire) — Naver Corp., the operator of the country’s No. 1 internet portal, is moving fast to grab a share in the fast-growing online shopping segment with two different services that may eventually transform the portal operator into the so-called search-based marketplace. The new services also signal a seismic change in [...]
SEOUL, April 23 (Korea Bizwire) – South Korea’s top internet portal operator Naver Corp. said Thursday its net profit jumped 54 percent in the first quarter from a year earlier largely on the back of increased online shopping transactions on its platform amid the new coronavirus pandemic. Net profit reached 134.9 billion won (US$109.5 million) [...]
SEOUL, March 19 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. continues to show its determination to prevent malicious comments following the abolition of its entertainment news comment service. Starting Thursday, the company began to disclose its comment activity history and nicknames that users wrote on news articles. Until now, one could decide [...]
SEOUL, Jan. 30 (Korea Bizwire) – South Korea’s top internet portal operator Naver Corp. said Thursday that its net profit plunged 36.8 percent in 2019 from a year earlier because of heavy outlays in new business sectors. Net profit reached 396.8 billion won (US$337.1 million), compared with 636.4 billion won tallied in the previous year, the company [...]
SEOUL, Jan. 24 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, is witnessing a growth in its webcomic business, which will eventually improve its earnings, industry sources said Friday. Naver Webtoon, more commonly known as Line Webtoon in the United States, is home to a plethora of creator-owned content, ranging from romance [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s top internet operator Naver Co. appears to be cementing its position as the country’s third-most valued firm, sharply up from last year’s 10th place, on high expectations for its internet businesses and diversified portfolio. Naver’s market capitalization reached 29.75 trillion won (US$25.6 billion) as of Thursday on [...]
SEOUL, Dec. 23 (Korea Bizwire) — The webcomic arm of South Korea’s top portal operator, Naver Corp., said Monday that it has kicked off service in French and Spanish as part of ongoing efforts to reach foreign audiences. Line Webtoon, a global service provided by Naver Webtoon Corp., added two languages in Europe, in addition [...]
SEOUL, Dec. 4 (Korea Bizwire) — A financial arm of South Korea’s leading portal operator Naver Corp. said Wednesday it has joined a cross-border mobile payment alliance with its Asian partners. The collaboration enables the four companies’ nearly 80 million users to make electronic payments at stores that use Naver Pay, Line Pay and Payco [...]
SEOUL/TOKYO, Nov. 18 (Korea Bizwire) – Japanese messaging app provider Line Corp., controlled by South Korea’s No. 1 internet portal, Naver Corp., and internet portal Yahoo Japan Corp. said Monday that they have reached a basic merger deal, in a move to form a leading artificial intelligence (AI) company to compete with global behemoths. Under [...]
SEOUL, Nov. 12 (Korea Bizwire) — Letters handwritten by a patient suffering from a rare incurable disease have been processed, using artificial intelligence (AI) technology, to be used as a computer font. South Korea’s top portal operator, Naver Corp. announced on Monday that the font, titled ‘Let’s Walk Together’, will be available for free distribution. [...]