Korea’s antitrust agency may tighten scrutiny of small-company acquisitions following accusations that major digital players like Kakao have grown too fast and have used the purchase of start-ups to grow under the radar.
Naver announced plans Thursday to make significant investment in cloud computing through 2023 in a bid to up its overseas market share in an area dominated by Amazon and Microsoft.
Kakao will pull out of some businesses that compete with small, independent stores, taking seriously the government’s recent rhetoric against big internet companies.
Girl group ITZY will hold a special comeback show on streaming service Naver Now on Sept. 24 for its upcoming first full-length album “Crazy in Love,” set to drop on the same day, according to JYP Entertainment on Tuesday. Itzy will premiere ...
Korea's big internet players — Kakao and Naver — are in the crosshairs of authorities and politicians, who are branding them as having grown too fast and too widely at the cost of consumers and small businesses.
Korean big-tech names Naver and Kakao have come under political scrutiny. Bills dubbed “Online Platform Fairness Act” and “Online Platform User Protection Act” largely targeting the two dominant players are awaiting legislative...
Naver Webtoon is gaining popularity among French fans these days. According to app-analyzing company App Annie, Naver Webtoon took the No. 1 spot in the comics section on France’s Google Play, for the most sales and the most downloads.
Kakao Entertainment’s new webtoon app Kakao Webtoon topped the webtoon app charts in Thailand in terms of revenue for August, beating its rival Naver’s webtoon app, just three months after its release in June. Kakao Webtoon was the ...
Kakao and Naver shares plummeted as one type of financial service they offer was found to violate regulations — and more restrictions on them are possible in the future due to their market dominance.
E-commerce company 11st said Wednesday its transactions selling overseas goods jumped 350 percent from Aug. 31 through Sept. 6 compared to the same period a month ago.