SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s top Internet portal operator Naver Corp. on Thursday reported a record-breaking annual performance for last year on the back of strong performances by its major businesses. Operating income reached 1.17 trillion won (US$1.1 billion) on sales of 4.67 trillion won in 2017, marking on-year rises of 7 [...]
SEOUL, Dec. 27 (Korea Bizwire) – KEB Hana Bank and Naver have teamed up to introduce a new AI-powered image search service with a financial twist. The two signed a business agreement for an image search service based on Naver’s AI system that will give users information about foreign currencies photographed through a ‘smart lens’, such [...]
SEOUL, Dec. 22 (Korea Bizwire) – Naver has released a new AI-based voice search service that can understand the context behind questions. According to Naver on Friday, the new Clova platform-based voice search service is now available on the web portal’s mobile app. The new voice recognition service is based on CLOud Virtual Assistant (Clova), [...]
SEOUL, Dec. 13 (Korea Bizwire) – YouTube was the most popular mobile app among South Korean smartphone holders in their teens and 20s, while those in their 40s and 50s used Naver and KakaoTalk the most, according to a new survey. The survey conducted by Wise App and released on Tuesday revealed that among Android users, [...]
SEOUL, Nov. 20 (Korea Bizwire) – Naver’s new investment reports have revealed the IT giant is focusing on funding food-delivery apps and logistics startups. Speculation is growing in the wake of the recently released investment reports that Naver is expanding its presence in the field of logistics and physical distribution through venture capital projects with online [...]
SEOUL, Nov. 10 (Korea Bizwire) – Naver has once again publically called on Google to disclose its profits and tax records, keeping alive its charges of lack of transparency against the international IT giant. The South Korean web portal is continuing to press Google Korea on the company’s lack of transparency, with new CEO Han [...]
SEOUL, Nov. 3 (Korea Bizwire) – Naver and Google are embroiled in a fight over transparency and credibility after the South Korean web portal accused the American IT giant of not paying taxes and creating too few jobs. Naver founder Lee Hae-jin launched a scathing attack on Google during a recent parliamentary inspection, where he said [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s No. 1 portal Naver Corp. is under growing pressure to reinvent itself after admitting to intentionally editing news rankings, industry officials said Thursday, one of the suspicions that has long dogged the company valued at over 26 trillion won (US$23.06 billion). Naver Sports admitted to rearranging the [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korean web giant Naver’s new European-based artificial intelligence research team has debuted at the company’s annual developers’ meeting this year. The research group, dubbed Naver Labs Europe, is an institute based in Grenoble in Southeastern France that used to be called ‘Xerox Research Centre Europe’, which Naver took over [...]
SEOUL, Oct. 17 (Korea Bizwire) – Following in the footsteps of Google, Amazon and Microsoft — software IT firms that have been making serious forays into the hardware aspect of technology — Naver unveiled similar ambitions at its developers’ conference Deview 2017, held at Coex on October 16. Naver entered the robotics business in earnest [...]