Twitch exits Korea, leaving opening for Naver
Streaming service Twitch is leaving Korea due to the country's expensive networking fees. Local competitors AfreecaTV and Naver are expected to fill the void.
Twitch exits Korea, AfreecaTV shares surge after announcement
Twitch, a U.S. streaming service run by Amazon, is pulling out of Korea as of Feb. 27 next year, it said, due to expensive network fees.
Naver's premium content platform surpasses 6 million users
Naver's premium content platform, Naver Premium Contents, surpassed 6 million monthly active users in November. The platform allows content creators to sell their work to paying subscribers.
SK dodges further investment in troubled online retailer 11Street
SK Group is giving up on its affiliated online commerce platform, 11Street, as the retailer fails to go public amid deteriorating sales.
Naver taps Woowa Brothers' Kim Bom-jun as new COO
Naver has appointed Kim Beom-jun, former CEO of Woowa Brothers, as its new COO to manage new business fields. Kim's term will begin in January.
Naver to re-enter game industry with new livestream platform
Naver plans to launch a game livestreaming service next year. The platform will provide a user-friendly interface and donation services for streamers.
Naver bets big on cloud with Gak Sejong data center
Naver has unveiled its Gak Sejong data center in Sejong, Gyeonggi, which boasts 65 exabytes of storage capacity and can accommodate over 600,000 servers. The center features other innovative technologies including robots and autonomous vehicles.
Naver posts record profit in Q3 on content, commerce businesses
Naver, Korea's largest internet company, reported record high third quarter results on Friday on the back of robust growth in commerce and content businesses.
[AI IN ACTION] Korea Inc. dashes into AI world with own platforms
Korea's pursuit of generative AI is taking place across virtually all industries from electronics, telecommunications to pharmaceuticals.
Naver signs $100M with Saudi government for digital platform project
Naver has secured a $100 million contract with Saudi Arabia's Ministry of Municipal and Rural Affairs and Housing for a digital twin platform project. This marks Naver's first large-scale project in the Middle East.