SEOUL, April 5 (Korea Bizwire) — A handful of South Korean manufacturers are seeing their sales rise through Naver Corp.’s shopping platform after splitting with e-commerce giant Coupang Inc. due to feuds over prices. Cosmetics and household goods maker LG Household & Health Care Ltd. announced that the average sales of its premium detergent brand [...]
SEOUL, April 3 (Korea Bizwire) — South Korea’s two major tech giants pulled a prank for a bit of fun on April Fools’ Day. Samsung Electronics Co. on Saturday posted on its website that it had released the Galaxy S23 Bow-Wow Edition, the world’s first smartphone designed exclusively for dogs. This cream-colored smartphone can diagnose [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. said Monday it will unveil an upgraded version of the hyperscale artificial intelligence platform, HyperCLOVA X, tailored for Korean language in July in a bid to keep up with the ChatGPT-fueled global competition for linguistic AI. HyperCLOVA X, the latest edition of [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean tech giants have joined hands to expand the simple payment ecosystem with the impending launch of Apple Inc.’s mobile payment service Apple Pay in the domestic market, Samsung Electronics Co., the world’s largest mobile phone maker, and Naver Financial Corp., a financial arm of leading portal operator [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Friday its net profit plunged in 2022 from a year earlier due to a one-off factor stemming from a business integration a year earlier. Its net income reached 664 billion won (US$544.1 million), down 96 percent from 16.5 trillion won tallied [...]
SEOUL, Jan. 15 (Korea Bizwire) — The head of Poshmark, a U.S. social commerce marketplace for fashion, has said the merger with South Korean tech giant Naver Corp. will give fresh growth momentum to both companies and help them grow into a global player in the world. “I’m really excited about our integration with Naver, [...]
SEOUL, Dec. 26 (Korea Bizwire) — SK Energy Co., South Korea’s leading oil refinery and gas station operator, is teaming up with internet portal giant Naver Corp. to convert gas stations into urban logistics bases armed with state-of-the-art technology. The two companies recently signed a business agreement to promote cooperation in developing and establishing logistics [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korean internet portal giant Naver Corp. has been defeated in an appeal suit against the antitrust regulator that had fined the portal for manipulating search results and abusing its market dominance to the detriment of its competitors. In 2020, the Fair Trade Commission (FTC) accused Naver of manipulating [...]
SEOUL, Dec. 6 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it is working with internet portal giant Naver Corp. to develop next-generation artificial intelligence (AI) chips, as part of efforts to improve efficiency of processing large AI data. Samsung, the world’s largest memory chip maker, said its cooperation with Naver will create great synergies [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean internet portal giant Naver Corp. on Wednesday expressed its intention to participate in Saudi Arabia’s lucrative Neom smart city project with its up-to-date digital twin technology. “Neom city is a future project to create a fully smart city based on many high-end technologies,” said Kang Sang-chul of [...]