SEOUL, Aug. 18 (Korea Bizwire) — Employees at South Korea’s internet giant Naver Corp. earned nearly 100 million won (US$72,000) each in just the first six months of the year, far outpacing the average income of their local rival Kakao Corp., data showed Monday. According to industry data and company filings, Naver employees earned an [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korean internet giant Naver Corp. said Tuesday it has decided to fully acquire Spanish online marketplace Wallapop as part of a broader strategy to expand its social commerce business overseas. Naver will invest 604.5 billion won (US$435.2 million) to acquire an additional 70.5 percent stake in the Spanish [...]
SEOUL, July 17 (Korea Bizwire) — South Korean internet conglomerate Naver Corp. said Thursday it plans to introduce a suite of artificial intelligence-powered video tools and extended-reality platforms in the second half of 2025, as it ramps up efforts to establish its own live broadcast media ecosystem. The company said it has expanded its Immersive [...]
OSAKA, July 12 (Korea Bizwire) — At the ongoing Osaka–Kansai Expo, Naver Cloud’s exhibition on AI caregiving technology is drawing strong interest from Japanese visitors, particularly seniors seeking support tools for aging family members. A standout attraction is “Clova CareCall,” an AI-powered phone service that checks in on elderly individuals living alone. More than just [...]
SEOUL, July 7 (Korea Bizwire) — As digital users increasingly demand more dynamic and personalized online experiences, major platform companies are reshaping the traditional search engine model with artificial intelligence and tailored content delivery. Naver, South Korea’s leading portal, is currently running A/B tests on its mobile platform to provide customized search results based on user [...]
SEOUL, July 3 (Korea Bizwire) — Han Seong-sook, the nominee for the minister of small and medium-sized enterprises (SMEs) and startups, has decided to sell her 2.3 billion-won (US$1.69 million) stake in Naver Corp., where she previously served as chief executive officer (CEO), once she takes office, government sources said Thursday. She currently holds nearly [...]
SEOUL, June 23 (Korea Bizwire) — Naver Cloud Corp., the cloud service affiliate of IT giant Naver Corp., said Monday it has signed an agreement with the city of Izumo in southern Japan to introduce its artificial intelligence (AI) phone chatbot service, CLOVA CareCall. Under the agreement, Naver Cloud will work with the city of [...]
SEOUL, June 16 (Korea Bizwire) — Labor tensions are intensifying at South Korea’s top platform companies as unions at Naver and Kakao step up protests, raising fresh questions about corporate governance and workforce management in the country’s fast-evolving tech sector. According to the ICT industry on Sunday, Naver’s union, part of the Korean Federation of [...]
SEOUL, June 12 (Korea Bizwire) — Naver is doubling down on its push into generative AI-powered search, announcing the launch of a new “Integrated Agent” system aimed at delivering seamless, conversation-based search experiences that move beyond traditional keyword queries. At a press briefing held Thursday at its D2SF headquarters in Seoul, Naver outlined its vision [...]
SEOUL, June 8 (Korea Bizwire) — South Korean tech giant Naver Corp. said Sunday it will establish an investment-focused subsidiary in the United States to support promising local startups there. Naver plans to complete the process of launching the new entity, Naver Ventures, later this month in Silicon Valley, the company said in a press [...]