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May 14, 2024
[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
Regardless of the ongoing diplomatic brouhaha, many industry watchers expect Naver to divest its stake in the 50:50 joint venture with SoftBank that controls the Line messenger app and Yahoo Japan. ...al businesses in Taiwan and Thailand, as well as local businesses in Japan such as Line...
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May 13, 2024
China’s AliExpress, Temu sign rare pact in Korea to ensure product safety
...ctions, along with previously signed agreements with domestic open markets." The agreement mirrors a series of voluntary agreements signed with seven domestic open market operators so far, such as Naver, 11th Street and Coupang in 2021 and 2023, as well as four domestic secondhand item...
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May 10, 2024
Science Ministry expresses regret over Japan’s pressure on Naver
The Science Ministry on Friday expressed regret over the Japanese government’s pressure on Naver to shed its ownership stakes in the popular messaging app Line, hinting at "strong and stern" measures...ecessary. “The Seoul government's firm position is that we’ll ensure Korean compani...
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May 10, 2024
Naver Cloud, Philippines' Converge team up for DX innotation
Naver Cloud, the cloud computing arm of Korea's IT giant Naver, said Friday it has teamed up with Philippine fiber optic internet provider Converge ICT Solutions to speed up digital transformation in the Southeast Asian country. Under the deal, the two sides agreed to collabora...
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May 09, 2024
Pressure mounts on Naver to shed stake in Line
...ator of the messaging app Line, said Wednesday that the company has requested its key shareholder Naver to sell stakes in an apparent move to cut the Korean firm’s control over its management. The de... markets, citing the Naver-Line dispute. “We have been continuously and...
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May 08, 2024
Minister pledges support for Naver in Line dispute
Korea will put Naver’s interest in the forefront in coming up with countermeasures to cope with the Korean IT firm’s conundrum of the Japanese government’s pressure on Naver to give up its ownership ...vernment has been engaging in close discussions with Naver since...
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May 07, 2024
[KH Explains] Can tech firms' AI alliances take on Nvidia?
...ther strengthen its technical leadership in high-bandwidth memory chips, other tech firms are forming rival alliances. Intel has put together partnerships with Korean tech firms including Samsung, Naver and Korea Advanced Institute of Science and Technology. IT giant Naver, ...
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May 06, 2024
Naver will consider company benefits in deciding on selling Line shares: CEO
While the Japanese government is pressuring Naver to shed ownership in Line, the dominating messaging app in Japan, the Korean internet giant said it will make a decision based on the benefit of the company's business, the chief executive officer said Friday. During an earnings call,
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April 30, 2024
Naver, Intel, KAIST join forces to set up AI lab in Korea
Naver, Intel and the Korea Advanced Institute of Science and Technology will set up a joint lab in Korea to lead the new global ecosystem for artificial intelligence semiconductors, KAIST announced T...an be extended depending on research achievements and the needs of participating organi...
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April 29, 2024
Intel CEO to visit Seoul in June
...ent on the stage that day. While Intel is set to send out invitations for the event to its partners as early as next week, tech executives from Korean tech giants including Samsung Electronics and Naver will also attend the conference as speakers. But the Intel official said, "We have...
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April 26, 2024
Experts raise concerns about Japan putting pressure on Naver over Line
...xperts have raised concerns over the Japanese government's action to pressure Korean portal giant Naver to cut its control of Line, the messaging app used by over 70 percent of the Japanese population...en Naver and SoftBank. Pressured by the Japanese government, SoftBank is ...
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April 19, 2024
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
...on, down 2.51 percent, Crafton, down 2.31 percent, and LG Chem, down 2.11 percent. A few companies managed to buck the trend, with Hanwha Aerospace surging by 3.54 percent, while Hyundai Motor and Naver saw increases of 1.73 percent and 0.94 percent, respectively. Israel reportedly in...
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April 16, 2024
Line Next redefines digital market in Web3 era
...mited-edition memberships, special discounts, game items, exclusive content and access to private events related to the arts, sports and entertainment. Users can make mobile payments via Line Pay, Naver Pay, Google Pay and Apple Pay, alongside credit cards and virtual assets in the off...
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April 16, 2024
SK hynix sees 30% surge in market cap in Q1
...tric, SKC and Enchem. The market cap of LG Energy Solution, on the other hand, marked the biggest decrease of 8.07 trillion won in the first quarter, from 100.5 trillion won to 92.4 trillion won. Naver's market cap also decreased by 6.5 trillion won, while Posco Holdings and Ecopro Ma...
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April 11, 2024
Naver Cloud to cooperate with Intel to create AI chip ecosystem in S. Korea
Naver Cloud, the cloud computing arm of South Korea's tech giant Naver, said Thursday it will join hands with US chipmaker Intel to create an artificial intelligence (AI) chip software ecosystem in S...various software, according to Naver Cloud. They will also set up ...
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April 11, 2024
Naver, Intel team up to counter Nvidia’s dominance in AI chips
"I can't wait to see what Naver and Intel can create for a new AI chip environment, and the innovations this will bring." Ha Jung-woo, head of AI Innovation at Naver Cloud, appeared on the stage to explain how Naver and Intel established a joint lab to expand the Gaud...
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April 09, 2024
Dethroned king of apps, KakaoTalk user numbers in decline
...rms of how long it is used. The accumulated monthly usage time for the mobile version of the video-sharing service was 1.96 billion hours in March, far surpassing KakaoTalk's 548.1 million hours or Naver's 356.8 million hours. While still the top dog among mobile messenger services her...
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April 03, 2024
Regulator, Naver agree to cooperate on digitalization of financial inspection
The financial regulator and Naver, the top online portal operator, signed an agreement Wednesday on cooperation for the digitalization of the financial sector. Under the memorandum of understanding, the Financial Supervisory Service (FSS) will seek to utilize Naver's latest inf...
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April 01, 2024
Samsung CEO vows High Bandwidth Memory leadership
... also growing in the Mach-1, which is used for AI inference. Some clients want to use Mach for applications with over 1 trillion parameters. We need to prepare the Mach-2 faster than we expected." Naver, South Korea's IT giant, is expected to be the first client of Samsung's Mach-1 AI ...
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March 28, 2024
Posco Future M named in Fortune's top 30 Asian innovators
...als. The list recognizes companies in the Asia-Pacific with revenues or valuations above $10 billion, emphasizing their innovation and growth potential. Other Korean innovators on the list include Naver, Celltrion and Kakao. From 2019 to 2023, the company's revenue surged by about 220...