Google's YouTube is threatening not only Korean players in the video media market but also those in the Internet search market, which had been dominated by Naver. As YouTube has become a black hole that absorbs the Korean Internet and mobile markets as well as the media market, Korean internet c
Global Companies in different business sectors are forging alliances to get a piece of the action in the future car market.LG Electronics announced on Jan. 9 that it signed an agreement with Microsoft to jointly develop software for artificial intelligence (AI)-based autonomous navigation software i
Naver, Korea's largest portal site, has been dishonored by the European Union as a channel for counterfeits.The Counterfeit and Piracy Watch List recently released by the European Commission includes Naver as one of the six e-commerce platforms to be watched.“Counterfeit goods are offered throug
Naver’s Japanese subsidiary LINE will push forward with the internet banking business in 2020 by partnering with the Mizuho Financial Group, a major Japanese bank.According to NHK and Kyodo News, LINE and Mizuho announced a plan in a press conference on Nov. 27 to establish a bank in 2020 and set up
Three Korean companies, including Naver (6th), Celltrion (17th), and Samsung BioLogics (47th), has made it to this year’s Future 50 list, a collection of companies poised for explosive growth compiled by Fortune magazine with the help of BCG.While last year’s Future 50 only included U.S. companies,
CEOs of global ICT companies’ Korea operations attended a parliamentary audit of the Ministry of Science and ICT as witnesses on Oct. 10. They included Google Korea CEO John Lee, Facebook Korea CEO Damian Yeo Guan, and Apple Korea general manager Brandon Yoon. Yet they gave no answer at all to lawma
Naver, Korea's largest portal company, has decided to leave only a search window on the first screen of its mobile services.Naver unveiled its mobile screen reform plan during the “Connect & Discover” event held at the Grand Intercontinental Hotel in Samsung-dong, Gangnam-gu, Seoul on the aftern
Naver's Japanese subsidiary LINE will disclose general-purpose cryptocurrency "LINK," which has been developed by Bitbox, a global cryptocurrency exchange, on October 16.LINK will be used for user compensation-based content of distribution-type application (dApp) that will be launched in the fou
Naver, Korea's No. 1 Internet portal, is expected to post a sluggish performance in the third quarter due to continued aggressive investment by itself and its subsidiary Line.NH Investment & Securities expects Naver's earnings to remain sluggish until the new businesses generate meaningful r
The two representative internet companies in Korea, Naver and Kakao, are about to compete in the blockchain area this time.Naver and Kakao started their blockchain businesses by disclosing their block chain platforms “Link Chain” and “Clayton,” respectively, through their affiliates.Naver presented
As foreign video platform operators introduces unskippable ads to maximize ad revenues, non-paying users are expected to face more inconvenience. It remains to be seen whether non-paying users will become paid subscribers in droves or they simply stop using such video services, bringing a big change
The ruling and opposition parties failed to reach an agreement on a special bill on direct (Internet-only) banks, which involves the easing of the banking-commerce separation. As a result, the bill is unlikely to be passed in the plenary session of the National Assembly on Aug. 30.When it comes to i
YouTube’s and Netflix’s growing market shares and influence in Korea are fueling moves to make these global video platforms subject to broadcasting regulations in Korea.In particular, there is a growing concern over YouTube recording an overwhelming share in the internet and mobile video market in S
South Korean Internet portals, such as Naver Corporation and Kakao Corporation, are seeking to break YouTube’s dominance of the domestic video sharing market.According to industry sources on July 25, Naver and Kakao are planning to strengthen their video sharing services in the second half of this y
LINE, a Naver subsidiary in Japan, has recently announced aggressive new business strategies in fields such as content, commerce, and fintech. This announcement, according to an analyst with NH Investment & Securities, deserves attention given that these business areas are currently at the center of
The competition between Naver and Kakao for in the Japanese webtoon market is in full swing.Naver announced on June 25 that it will invest 150 billion won in Naver Webtoon by participating in its capital increase.Naver Webtoon was separated from Naver in May last year after operating as an independe
Naver’s application Band has the highest number of users in the market for social network services (SNS) in South Korea.A mobile marketing company Mobidays conducted a survey based on data from AppApe on June 21. The data showed that Band recorded the highest monthly active users (MAUs) from January
Kakao has signed a contract to acquire Kiwi Plus, a smart watch manufacturer for children. It is a move that follows its acquisition of Acciio, a start-up for heating and cooling control system using smartphones, in February. It shows Kakao’s aggressive step towards the Internet of Things (IoT) busi
Four Korean companies including Naver and Celltrion made the top 100 innovative companies selected by US economy magazine Forbes.According to Forbes's list of "the Most Innovative Companies in the World" released on June 6, Naver came in ninth among all 100 companies, the same ranking as last ye
Naver has revamped its comment sections for political articles in the lead-up to the local elections slated for next month.The South Korean web portal giant’s plan to not show comments on the same page as the article is the latest in a series of efforts to tackle fake news and public opinion rigging