SEOUL, Nov. 16 (Korea Bizwire) — South Korean search giant Naver Corp. said Tuesday it will introduce HTTP/3 for its search service, a first among domestic companies, to greatly enhance search speed and stability. HTTP/3 is a third-generation standard protocol. By reducing the initial connection time between the browser and web server, it can shorten [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Monday its third quarter sales topped 2 trillion won (US$708.7 billion) for the first time in two years on robust growth in its content business. The company said in a regulatory filing that its sales reached 2.05 trillion won for the [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s two major tech giants — Kakao Corp. and Naver Corp. — have begun a crackdown on imitation police costumes on their e-commerce platforms in response to the controversy that fake police costumes obstructed the process of containing the Itaewon crowd crush. Naver banned all searches for imitation [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s bourse operator said Thursday it signed a memorandum of understanding (MOU) with internet portal giant Naver Corp. to invigorate the English public disclosures by listed firms here. The Korea Exchange (KRX) said artificial intelligence technology and Naver’s translation service “Papago,” will be utilized in providing English disclosure [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s two major tech giants — Kakao Corp. and Naver Corp. — suffered a service malfunction on Saturday due to a fire at a data center, officials said. The blaze broke out at around 3:33 p.m. at the building of SK C&C located in Pangyo, just south of [...]
SEOUL, Oct. 8 (Korea Bizwire) — “Lore Olympus,” a romance webcomic published by the South Korean platform for digital comics Naver Webtoon, received a Harvey award for the second consecutive year Saturday. The webcomic series, created by New Zealand artist Rachel Smythe and published by Webtoon, the digital comics platform operated by internet portal Naver, [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Tuesday it will take over Poshmark Inc., a U.S. social commerce platform specializing in second-hand apparel trade, for 2.3 trillion won (US$1.6 billion) in a bid to broaden its North American business. According to its filing, Naver has agreed to buy [...]
SEOUL, Sept. 8 (Korea Bizwire) — Internet portal giant Naver Corp. was indicted Thursday for allegedly violating fair trade law by abusing its market dominant position in dealing with a real estate market information partner. The Seoul Central District Prosecutors Office charged Naver over allegations that it blocked the unspecified market information provider from selling [...]
SEOUL, Aug. 22 (Korea Bizwire) — Internet portal giant Naver Corp. said Monday it has become the first South Korean internet company to join RE100, a global renewable energy initiative to achieve carbon neutrality in business operations. Naver said it was recently accepted as a member of the RE100 initiative of The Climate Group, a [...]
SEOUL, Aug. 19 (Korea Bizwire) — Naver Corp. and Kakao Corp., the two major South Korean tech companies, drastically cut their outside investments in the first half of this year, in stark contrast to last year when they invested heavily in the acquisition of startups. Naver invested a total of 44.6 billion won (US$33.6 million) [...]