SEOUL, Aug. 4 (Korea Bizwire) – Silicon Valley is well known for fighting against government surveillance to protect its users. But what steps are Korean IT companies taking to safeguard their customers? Naver and Daum are Korea’s leading web portals, claiming approximately 75 percent and 15 percent the market, respectively, while Kakao is Korea’s dominant [...]
SEOUL, July 8 (Korea Bizwire) – Naver, Korea’s leading web portal, decided to discontinue its latest translation service, Chamyeo-Bonyeok Q (‘Participate, Translate Q’), after facing criticism that the new platform was very similar to an existing translation service offered by a start-up company, Flitto. Chamyeo-Bonyeok Q was launched less than a month ago (June 17) with [...]
SEOUL, June 29 (Korea Bizwire) – South Korea’s top Internet portal operator Naver Corp. said Wednesday that the user count of its mobile payment tool, Naver Pay, has topped 11 million a year after its launch, as more smartphone users opt to use it to make e-commerce purchases. A total of 11 million active users [...]
SEOUL, June 21 (Korea Bizwire) – Product reviews on online shopping sites and Q&A comments on Naver can now be deleted as they fall under ‘right to be forgotten’ category. The guidelines for ‘right to be forgotten’ limitations distributed to Internet business entities have been updated, said an official from the Korea Communications Commission on Monday, [...]
SEOUL, May 30 (Korea Bizwire) – The No. 1 local portal Naver and apparel manufacturer Hansae Co. were the most women-friendly firms in 2015 in South Korea, according to research results out Monday. The two companies were jointly rated the top in the research by Meerae Forum and CEO Score that assessed the women-men employment [...]
SEOUL, April 14 (Korea Bizwire) – South Korea’s top three mobile carriers will team up with Naver, the country’s leading Internet service provider, to launch a unified app store, company officials said Thursday. SK Telecom Co., KT Corp. and LG Uplus Corp. already have a combined app retail channel: One Store. A subsidiary of SK Telecom, which [...]
SEOUL, April 11 (Korea Bizwire) – Korean internet giants Naver and Kakao are battling to take the lead in O2O (online to offline) businesses. Due to a limited number of different kinds of business opportunities to tackle in the IT industry, the projects laid out by the two companies are often in conflict. However, since the two [...]
SEOUL, April 5 (Korea Bizwire) – Online quick-payment services are expanding into the offline market with the launch of physical plastic cards. Naver announced that it will launch the Naver Pay Check Card in collaboration with Shinhan Card, while Kakao launched the Kakao Shinhan Check Card, also in partnership with Shinhan Card. With the Naver Pay Check [...]
SEOUL, March 17 (Korea Bizwire) – The South Korean government announced Thursday it would spend 1 trillion won (US$840 million) by 2020 to boost the artificial intelligence industry. It also plans to support the civilian-led establishment of a high-profile research center tasked with serving as a “pivot” of the nation’s research and development in the field. [...]
SEOUL, Feb.22 (Korea Bizwire) – LineBite, a part-time job recruiting service provided by Line, a Naver affiliate, is becoming increasingly popular in Japan. The positive response is thought to result from the quick and convenient access to information through the mobile messenger Line, which is used by the majority of Japanese people, as the labor [...]