SEOUL, May 13 (Korea Bizwire) — The labor union of Naver Corp. on Monday voiced opposition to a possible sale of stake in the operator of the popular Line messenger app, saying protecting employees and technology concerning the app should be top priority for Naver. Naver has been under pressure from the Japanese government to [...]
SEOUL, May 7 (Korea Bizwire) – Samsung Electronics, SK Telecom and Naver have emerged as the top artificial intelligence companies in South Korea, according to a survey of people from the MZ generation (those born between 1980 and the early 2000s) by the job platform Jobplanet. The survey of 947 MZ generation respondents revealed Samsung Electronics, [...]
SEOUL, May 3 (Korea Bizwire) — Tech giant Naver Corp. said Friday it has yet to determine its position regarding Tokyo’s apparent pressure on LY Corp., the operator of popular mobile messenger app Line in Japan, to review its relationship with the Korean company. “Rather than determining whether to follow the guidance or not, we [...]
SEOUL, Apr. 17 (Korea Bizwire) – As the new Korean Baseball Organization (KBO) season kicks off, baseball enthusiasts are flocking to interest-based chat services operated by Naver and Kakao, South Korea’s leading internet companies. According to industry sources, Naver’s open chat service, Open Talk (Naver Talk), now features dedicated chat rooms for each of the KBO’s [...]
SEOUL, Apr. 11 (Korea Bizwire) – Writers serializing their works on Naver Webtoon will now be able to take two breaks per year without any concerns, as the platform has recently revised its serialization rules. According to webtoon industry insiders on April 10, Naver Webtoon has formalized a new policy allowing creators to take a break [...]
SEOUL, Apr. 3 (Korea Bizwire) — The financial regulator and Naver, the top online portal operator, signed an agreement Wednesday on cooperation for the digitalization of the financial sector. Under the memorandum of understanding, the Financial Supervisory Service (FSS) will seek to utilize Naver’s latest information technology, such as artificial intelligence (AI), to boost its [...]
SEOUL, Mar. 7 (Korea Bizwire) –South Korean tech giant Naver has announced a strategic partnership with the Saudi Public Transport Company (SAPTCO) to improve Saudi Arabia’s urban transport system through the deployment of an intelligent transportation system. This collaboration, formalized through a Memorandum of Understanding (MOU) on March 7, aims to leverage cutting-edge technologies like [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korean tech giant Naver Corp. said Friday its fourth-quarter net profit jumped 129 percent from a year earlier, largely driven by robust growth of its commerce and fintech businesses. The net profit came to 301.8 billion won (US$226.6 million) in the three months ending in December, compared with [...]
SEJONG, Nov. 9 (Korea Bizwire) — Tripitaka Koreana, the most complete collection of Buddhist scriptures carved on around 80,000 wooden printing blocks made in the 13th century, has been preserved at a depository named Janggyeong Panjeon at Haein Temple in the southeastern county of Hapcheon in South Korea. The storage hall, solely designed and built [...]
SEOUL, Nov. 3 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Friday its third-quarter net profit jumped 53.8 percent from a year earlier, powered by robust growth of its commerce, content and cloud businesses. Third-quarter net profit amounted to 356.2 billion won (US$265.2 million) on a consolidated basis in the July-September [...]