SEOUL, June 5 (Korea Bizwire) — Naver Corp. Chief Executive Officer (CEO) Choi Soo-yeon met with top executives at Netflix in Los Angeles this week to discuss their ongoing membership partnership and explore further collaborations, the South Korean tech giant said Thursday. According to Naver, Choi visited Netflix’s Los Angeles office Tuesday (local time), where [...]
SEOUL, May 22 (Korea Bizwire) — Lee Hae-jin, founder of South Korea’s top portal Naver Corp., met with Nvidia Corp. Chief Executive Officer (CEO) Jensen Huang in Taiwan on Thursday to discuss cooperation in artificial intelligence (AI) and other key areas, industry sources said. During the meeting, Lee, who serves as chairman of the company’s [...]
SEOUL, April 23 (Korea Bizwire) — Naver Corp., the No. 1 online portal operator in South Korea, said Wednesday it will release three lightweight models of homegrown artificial intelligence (AI), HyperCLOVA X, as open source. The new models — HyperCLOVA X SEED 3B, HyperCLOVA X SEED 1.5B and HyperCLOVA X SEED 0.5B — will be [...]
SEOUL, April 15 (Korea Bizwire) — South Korean tech giant Naver has kicked off a month-long campaign aimed at foreign tourists, promoting trendy destinations across the country through its map platform as part of broader efforts to compete with global rivals like Google. The “Be Local” campaign, which began Monday, targets users who set the Naver [...]
SEOUL, March 17 (Korea Bizwire) — Naver has officially entered South Korea’s e-commerce arena with a dedicated shopping app, sparking industry speculation about whether it can effectively challenge Coupang’s market leadership. The tech giant unveiled its Naver Plus Store app on March 12, marking its formal transition into an open market platform operator. While industry experts acknowledge [...]
SEOUL, Feb. 7 (Korea Bizwire) — A new survey has revealed distinct generational preferences in social media use among South Koreans, with younger users gravitating toward Instagram while those over 50 show a stronger affinity for Band. However, KakaoTalk remains the most widely used platform across all age groups. According to the “2024 Social Media User [...]
SEOUL, Feb. 3 (Korea Bizwire) — Naver, South Korea’s internet giant, is on the verge of surpassing an annual revenue of 10 trillion won ($6.8 billion) for the first time, driven by its aggressive expansion into new business sectors. According to industry sources, Naver’s revenue from new ventures—including e-commerce, fintech, content, and cloud services—accounted for more [...]
SEOUL, Jan. 30 (Korea Bizwire) — Naver has introduced Passkey Login, a new authentication method that allows users to log into their accounts using facial recognition or fingerprints instead of passwords. The move is part of the company’s ongoing efforts to enhance privacy and security. According to industry sources, Naver recently launched the passkey system to [...]
SEOUL, Jan. 19 (Korea Bizwire) — Naver, South Korea’s leading internet platform company, is expected to surpass 10 trillion won ($7.6 billion) in annual revenue for 2024, setting a new record. According to financial projections compiled by Yonhap Infomax, Naver’s revenue for last year is estimated to have grown by 10.15% to reach 10.65 trillion won, [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s three major terrestrial broadcasters—KBS, MBC, and SBS—have filed a lawsuit against tech giant Naver for unauthorized use of their news articles in training its generative artificial intelligence models, HyperCLOVA and HyperCLOVA X. This marks the first legal action by South Korean media outlets against a big tech [...]