SEOUL, Aug. 10 (Korea Bizwire) — South Korean technology giant Naver Corp. made a series of investments in four local startups this month as part of efforts to strengthen its online shopping business. Early this month, Naver invested 10 billion won (US$8.71 million) in online meat distribution startup Jeongyookgak. This investment cleared the way for [...]
SEOUL, Aug. 2 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, announced that it will introduce an ‘AI Review Summary’ function to make it easier for online shoppers to read others’ product reviews. The new function will use the company’s hyperscale artificial intelligence (AI) platform HyperCLOVA to analyze the tons of product [...]
SEOUL, July 28 (Korea Bizwire) — More than half of employees at South Korean technology giant Naver Corp. reported having experienced bullying at work, the labor ministry said, calling for an improvement of its work culture. The Ministry of Employment and Labor on Tuesday announced the results of its special supervision of Naver following the [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s top internet portal operator Naver Corp. said Thursday its net profit jumped nearly six times in the second quarter from a year earlier largely due to a stellar performance of its fintech and commerce businesses amid the new coronavirus pandemic. Net profit reached 540.6 billion won (US$468.5 [...]
SEOUL, June 30 (Korea Bizwire) — South Korea’s leading internet portal operator Naver Corp. said Tuesday that it will roll out the upgraded version of its artificial intelligence (AI) image monitoring technology ‘X-eye’ from July. X-eye refers to proprietary technology that prevents obscene materials from being exposed in search results by monitoring them on a [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s internet conglomerate Naver Corp. said Thursday that two storytelling companies under its wing will merge to strengthen their global competitiveness in digital content. Wattpad Corp., a global multiplatform entertainment company for stories, and Webtoon, the world’s largest digital comics platform, will merge their studio divisions to create [...]
SEOUL, June 22 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Tuesday it has decided not to join in the acquisition of eBay Korea, leaving retail giant Shinsegae Group as the sole bidder for the South Korean unit of the U.S. e-commerce giant. Last week, a consortium comprised of Shinsegae and [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s top online portal operator Naver Corp. has joined hands with logistics giant CJ Logistics Co. to expand its logistics infrastructure. The two parties announced on Sunday the establishment of an e-fulfillment center with a total floor space of 38,400 square meters in Gunpo, Gyeonggi province. The new [...]
SEOUL, June 15 (Korea Bizwire) — Kakao Corp. has an insatiable appetite for platform businesses, spanning messenger, e-commerce, mobility, content and finance, and now it has earned another title: South Korea’s third-most valuable company. The nation’s dominant mobile messenger operator rapidly expanded its presence in the nation’s tech sector with a wide range of platform [...]
SEOUL, June 9 (Korea Bizwire) — The Ministry of Employment and Labor said Tuesday that it will conduct a special investigation of Naver Corp., the operator of the country’s No. 1 internet portal, following the suspected suicide of an employee who left a message implying workplace bullying. The special probe will be launched on Wednesday [...]