Naver Corp. secures $10B from Nvidia ($1B) and Brookfield (up to $9B) to build a large-scale AI data center in South Korea, aiming to enhance AI infrastructure for global developers and boost South Korea's AI competitiveness.
Naver Corp. launched "Npay Startup," a platform connecting startups with investors, in collaboration with the Financial Supervisory Service and the Ministry of SMEs and Startups. The platform aims to improve investment information accessibility for local venture companies.
Naver Cloud and Nvidia Corp. will collaborate to build an AI factory, a next-generation AI infrastructure for training and running large-scale AI models. The partnership aims to advance Naver's HyperCLOVA X and explore joint research on super LLMs.
Naver Corp. stated it has not yet decided on acquiring Baedal Minjok's operator, Woowa Brothers, despite media reports of a potential consortium with Uber to purchase the company for $5.37 billion from Delivery Hero.
Naver Corp., South Korea's largest online portal operator, reported a 31.3% drop in first-quarter net profit to 291 billion won (US$195.9 million) from 423.7 billion won a year earlier, missing market expectations of 513.7 billion won. The decline was driven by foreign exchange losses on dollar-denominated debt. However, operating profit rose 7.2% to 541.8 billion won and sales increased 16.3% to 3.24 trillion won.
Naver Corp., South Korea's largest online portal operator, reported its Q1 net profit fell 31.3% year-on-year to 291 billion won due to foreign exchange losses on dollar-denominated debt. Despite the profit decline, operating profit rose 7.2% to 541.8 billion won and sales increased 16.3% to 3.24 trillion won. The results fell short of market expectations, with the average net profit estimate at 513.7 billion won.
SEOUL, April 21 (Yonhap) -- Naver Corp. said Tuesday it has created a 700 billio...
Naver Corp. has signed a memorandum of understanding with Tata Consultancy Services (TCS) to explore business opportunities in India. The agreement, signed during a South Korea-India business forum in New Delhi, will combine Naver's capabilities in AI, cloud and B2C services with TCS's ecosystem services and data assets to pursue AI and digital transformation opportunities in the Indian market.
Naver Corp. has signed an MOU with Tata Consultancy Services to explore AI, cloud and B2C business opportunities in the Indian market. The agreement was signed during a South Korea-India business forum in New Delhi, attended by South Korean Industry Minister Kim Jung-kwan, Naver CEO Choi Soo-yeon, Indian Commerce Minister Piyush Goyal and TCS President Ujjwal Mathur.
