Naver App Store
Scope
Date
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Private debt
Korean app market One Store to raise $151 mn for Kiwoom's exit
One Store Co., a South Korean homegrown app store, is slated to attract more than 200 billion won ($151.3 million) as its 100 billion won loan, whic...
May 08, 2023 (Gmt+09:00)
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Webtoons
Naver Webtoon targets entertainment business in Japan
Naver Webtoon Ltd., the world’s top digital comics provider, is targeting the entertainment sector in Japan as it aims to expand its intellect...
May 08, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao to unveil upgraded Korean language chatbot KoGPT in H2
Kakao Corp., South Korea’s dominant mobile messaging app operator, has pushed back the release of an advanced artificial intelligence model cu...
May 04, 2023 (Gmt+09:00)
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Korean startups
S.Korea's Upstage to add AI chatbot AskUp to Japanese messaging app Line
South Korea's artificial intelligence (AI) tech company Upstage on Friday said it will install its artificial intelligence (AI) chatbot AskUp on the...
May 04, 2023 (Gmt+09:00)
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Retail
Kakao starts real-time commerce broadcast platform Partners Live
Companies entering South Korea's KakaoTalk Store can conduct "labang," a term combining the Korean words for "live" and "broadcasting," any time the...
Apr 28, 2023 (Gmt+09:00)
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Korean startups
S.Korean walking app Cashwalk debuts in Spain, Italy
Nudge Healthcare, a South Korean startup that operates the health management app Cashwalk, has added Italy and Spain to the list of overseas markets...
Apr 27, 2023 (Gmt+09:00)
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Retail
Korean dept stores to lure foreigners with K-pop, festival
South Korean department stores are set to launch various programs such as a festival and sales of K-pop star merchandise to attract foreign tourists...
Apr 26, 2023 (Gmt+09:00)
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Bio & Pharma
Welt gets second digital therapeutic device approval in S. Korea
South Korea's Ministry of Food and Drug Safety announced on Wednesday that it has approved the cognitive therapy software "WELT-I" developed by We...
Apr 19, 2023 (Gmt+09:00)
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Business & Politics
S.Korea’s five major companies form data network alliance
South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...
Apr 19, 2023 (Gmt+09:00)
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Electronics
Samsung Store tops home appliance store in S. Korea
Samsung Store, Samsung Electronics Co.'s direct-to-consumer (D2C) channel, has exceeded Lotte Himart in domestic sales for the first time in its his...
Apr 18, 2023 (Gmt+09:00)
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Metaverse
Krafton, Naver Z to establish metaverse joint company
Krafton Inc., a leading game developer in South Korea, is establishing a joint company for a metaverse platform business with Naver Z Corp., a metav...
Apr 17, 2023 (Gmt+09:00)
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Retail
Shinsegae supports int'l expansion of S.Korea's promising fashion brands
South Korea's Shinsegae Department Store has launched activities to support the overseas expansion of up-and-coming domestic fashion brands. The com...
Apr 14, 2023 (Gmt+09:00)
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Artificial intelligence
Naver launches image-generating platform Lasco AI
Naver Corp., South Korea’s dominant online platform, has ventured into the image-generative artificial intelligence market, challenging its ar...
Apr 13, 2023 (Gmt+09:00)
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Retail
Hyundai Dept. Store to open first Disney Store in Korea
South Korea's Hyundai Department Store Co. said on Thursday that it has acquired the operating rights of Disney Store, a retail brand of Walt Disney...
Apr 13, 2023 (Gmt+09:00)
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Robotics
S.Korean convenience store chain CU pilots delivery robot
BGF Retail, a franchiser that operates convenience store chain CU, is currently testing delivery robots developed by Mobinn, a startup that spun off...
Apr 13, 2023 (Gmt+09:00)
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Retail
Lotte Department Store plans to open Line Friends pop-up store
South Korea's Lotte Department Store seeks to attract foreign tourists amid Golden Week holidays in Southeast Asia.Tourists from the region are expe...
Apr 13, 2023 (Gmt+09:00)
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Korean startups
Famed S.Korean pedometer app Cashwalk attracts first investment of $22 million
Nudge Healthcare, a startup that runs the South Korean health management app Cashwork, on Wednesday said it secured its first investment of 30 billi...
Apr 13, 2023 (Gmt+09:00)
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Retail
Hanjin to open pop-up store for S.Korean fashion brand in LA
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Wednesday that it will hold a pop-up event to promote domestic e...
Apr 12, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea fines Google $32 mn for squashing local rival
South Korea’s antitrust body on Tuesday fined Alphabet Inc.’s Google LLC and its regional arms 42.1 billion won ($32 million) for allege...
Apr 12, 2023 (Gmt+09:00)
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Electronics
Samsung Electronics expands B2B online store to Germany
Samsung Electronics Co. announced on Tuesday the opening of a new online store dedicated to small and middle-sized businesses (SMBs) in Germany as p...
Apr 04, 2023 (Gmt+09:00)
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Food & Beverage
Mom's Touch signs franchise agreement with Mongolian firm
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Tuesday that it has signed a master franchise agreement with loca...
Apr 04, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea’s Shinsegae, KOTRA to help domestic fashion firms for export
Shinsegae Department Store revealed on Friday that they will collaborate with the Korea Trade-Investment Promotion Agency (KOTRA) to assist domestic...
Mar 31, 2023 (Gmt+09:00)
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Retail
Top Korean food delivery app posts record profits
Woowa Brothers Corp., the operator of South Korea’s top food delivery app, posted a record profit in 2022, which also marked its first profit ...
Mar 31, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver to aid in Saudi’s digital transformation, green light for Neom deal
South Korea’s online business giant Naver Corp. said on Thursday it has signed an initial agreement with the Saudi Arabian government to assis...
Mar 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Korea's Hancom, Naver Cloud agree to cooperate in AI field
Hancom Inc. and Naver Cloud announced on Wednesday a strategic partnership to integrate Naver Cloud's large-scale artificial intelligence (AI) "Hype...
Mar 30, 2023 (Gmt+09:00)
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E-commerce
Korea's Cafe24 launches customized enterprise service
South Korea's global e-commerce platform Cafe24 Corp. announced on Tuesday the launch of a new page called "Cafe24 Enterprise Service," which is des...
Mar 29, 2023 (Gmt+09:00)
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Retail
S.Korea's E-Mart24 provides VAT refund service for foreign visitors
E-Mart24 Inc., the convenience store chain unit of Shinsegae Inc. Group, announced on Tuesday that it will resume the value-added tax (VAT) refund s...
Mar 28, 2023 (Gmt+09:00)
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Korean startups
AI tech firm Interminds to attract up to $12 mn in Series C
South Korean startup Interminds Co., an AI developer of unmanned convenience store operations, aims to attract 10 billion won to 15 billion won ($7....
Mar 23, 2023 (Gmt+09:00)
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Korean food
Paris Baguette expands to Canada with first store in Toronto
SPC, the South Korean food and beverage conglomerate, announced the opening of the first Paris Baguette store in Toronto, Canada, on March 23. The m...
Mar 23, 2023 (Gmt+09:00)
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Fintech
Samsung Pay adds Visa to overseas payment service
South Korea's mobile payment and digital wallet service Samsung Pay will allow its Visa-affiliated credit cards issued in the country to make overse...
Mar 23, 2023 (Gmt+09:00)