Time was when kimchi was Korea’s most famous export — not anymore.
Naver’s revenue broke $1 billion in the third quarter and hit a record as webtoons became international hits.
CJ Group and Naver have agreed to trade stocks worth 600 billion won ($530.5 million) with the goal of generating synergy effects in the e-commerce, fulfilment and entertainment businesses.
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Coupang has bigger problems now than just reporting massive losses. A competitor is being formed that could shake up the e-commerce business and threaten its position in the market.
A tech-driven concert by K-pop boy band BTS shows how the coronavirus pandemic has pushed cloud technology to the next level — and on a whole new scale.
IT company Naver and CJ Group will form a strategic alliance through a stock swap in a bid to expand the two companies' business presence in the e-commerce and entertainment industries.
With online shopping booming in Korea, IT companies are scrambling to launch their own live commerce services as they look for new ways to attract more customers.
Naver was fined 26.7 billion won for changing its algorithm to promote its own services — such as shopping and Naver videos — over those of its competitors. It was the first time the FTC fined an online platform operator for changing its algorithm.
The antitrust agency announced new legislation to make online retail more accountable after online transactions surged during the global coronavirus pandemic.