SEOUL, Oct. 24 (Korea Bizwire) — South Korean tech giant Naver Corp. said Tuesday it has struck a deal with the Saudi Arabian government to create a digital twin platform for the country’s capital Riyadh and four other cities. Under the deal with Saudi’s Ministry of Municipal, Rural Affairs and Housing, Naver will build digital [...]
SEOUL, Oct. 17 (Korea Bizwire) – A warning has been issued regarding counterfeit products being sold on Naver’s Smart Store portal. It has been revealed that up to 300,000 counterfeit products, including fake Chanel perfume containing urine, are being sold on Naver’s portal. According to the ‘Status of Counterfeit Product Detection by Online Platforms’ issued by the [...]
SEOUL, Sept. 27 (Korea Bizwire) – Naver, the largest web portal in South Korea, revamped its news service on Tuesday, including shutting down the comments section for suicide-related articles. Naver announced that as part of its efforts to foster a healthy online environment, it would exclude the comments and recommendation sticker services for articles recognized by [...]
SEOUL, Sept. 26 (Korea Bizwire) – Naver, the largest online portal in South Korea, had decided to discontinue the fact-check menu on its News Home, following the suspension of financial support for the nation’s unique fact-checking platform SNU FactCheck Center (factcheck.snu.ac.kr). According to the SNU FactCheck Center on Monday, Naver plans to terminate the fact-check menu [...]
SEOUL, Aug. 24 (Korea Bizwire) – South Korean tech giant Naver Corp. on Thursday unveiled an upgraded version of its hyperscale artificial intelligence model HyperCLOVA X and its conversational chatbot service tailored for the Korean language. It is Naver’s weapon of choice to win the ongoing global battle for linguistic AI that has intensified since [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Friday its second-quarter operating profit and revenue hit quarterly highs, driven by the robust performance of its commerce and content businesses. Its net profit rose more than 80 percent on an annual basis to 286.7 billion won (US$220.7 million), up 80.9 [...]
SEOUL, July 26 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. said Tuesday it has signed a memorandum of understanding (MOU) with car-sharing and mobility service provider SOCAR Inc. to foster mutual cooperation for mobility service innovation using its hyperscale artificial intelligence (AI) platform, HyperCLOVA X. According to the terms of the MOU, [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. is currently engaged in a tense battle with SK Telecom Co., the country’s leading wireless carrier, over the recruitment of skilled employees in the field of artificial intelligence (AI). Naver Cloud, a cloud computing solutions unit under Naver, recently presented evidence to [...]
SEOUL, June 6 (Korea Bizwire) — KakaoTalk and Naver, two popular platforms in South Korea known as the “people’s messenger” and “people’s portal,” respectively, are facing a growing challenge from global tech giants. KakaoTalk’s position as the top platform for monthly active users (MAU) is being threatened by Google’s YouTube, with a narrow gap of 507,487 [...]
SEOUL, May 8 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Monday its net profit plunged 71.2 percent in the first quarter from a year earlier due to an accounting loss stemming from an economic slowdown. Its net income reached 43.7 billion won (US$33 million) on a consolidated basis in the January-March [...]