Naver Corporation

Siebert Announces Chairman and CEO Appointment, New Board Member, and Close of Kakao Pay’s $17.4 Million Investment in Siebert

Retrieved on: 
Tuesday, May 30, 2023
Professional Services, Apps, Applications, Technology, Mobile, Wireless, Finance, Fintech, Toronto-Dominion Bank, Communication, Partnership, Samsung Electronics, Stanford University, Public Interest Declassification Board, National university, Open innovation, Electrical engineering, KakaoPay, Lead, Multimedia, McKinsey & Company, Intel, Kakao, Acquisition, Engineering, Seoul National University, Sport, Growth, First Franklin Financial Corp., Naver Corporation, Merrill (company), Family, Software engineering, Corporate development, Management, Electricity

Mr. Gebbia has been a member of Siebert’s Board of Directors since 2020 and served as a special advisor to Siebert’s Board of Directors from 2017 - 2020.

Key Points: 
  • Mr. Gebbia has been a member of Siebert’s Board of Directors since 2020 and served as a special advisor to Siebert’s Board of Directors from 2017 - 2020.
  • Siebert also announced that Simon Shin has been appointed to Siebert’s Board of Directors as part of the recently announced investment by Kakao Pay in Siebert, and that the $17.4 million investment from Kakao Pay closed on May 18, 2023.
  • Mr. Shin from Kakao Pay is an accomplished executive with global experience and adds significant strength and depth to our Board of Directors.
  • “I look forward to working closely with the new CEO, John J. Gebbia, and other members of Siebert’s Board of Directors to maximize the synergies between Kakao Pay and Siebert.

NAVER Joins Hands with Two Saudi Arabian Ministries for Digital Transformation

Retrieved on: 
Thursday, March 30, 2023
Cloud, Ministry of Land, Infrastructure and Transport (South Korea), Naver Corporation, Accident, Ministry of Land, Infrastructure and Transport, Ministry of Municipal and Rural Affairs and Housing (Saudi Arabia), Ministry, MOLIT, Disaster, ICT, Digital technology, MOU, Group Policy, ESG, AI, Ministry of Investment (Saudi Arabia), MISA, Robotics, NEOM, Team, Mobile phone, Arms industry, Oil, Transport, Housing

SEONGNAM, South Korea, March 30, 2023 /PRNewswire/ -- NAVER Corporation (CEO Choi Soo-yeon) announced that NAVER, NAVER LABS, NAVER Cloud signed an MOU with the Ministry of Municipal and Rural Affairs and Housing (MOMRAH) of Saudi Arabia and the Ministry of Investment Saudi Arabia (MISA), to cooperate on the Saudi Arabian government's national digital transformation initiative using Team NAVER's advanced technologies.

Key Points: 
  • The signing ceremony was held on the 30th (local time) at the Ministry of Municipal and Rural Affairs and Housing located in Riyadh, Saudi Arabia.
  • In addition to Saudi Arabia's NEOM project aimed at building the world's largest smart city, the country is making diverse efforts toward digital transformation.
  • With the MOU, Team NAVER, MOMRAH and MISA will be working together comprehensively across all domains for Saudi Arabia's ICT project for their nationwide digital transformation.
  • Following Minister Al Hogail's visit, Saudi Arabia's interest in NAVER continues as three Saudi Arabian government agencies related to AI and data also visited the company in February of this year.

NAVER Joins Hands with Two Saudi Arabian Ministries for Digital Transformation

Retrieved on: 
Thursday, March 30, 2023
Cloud, Ministry of Land, Infrastructure and Transport (South Korea), Naver Corporation, Accident, Ministry of Land, Infrastructure and Transport, Ministry of Municipal and Rural Affairs and Housing (Saudi Arabia), Ministry, MOLIT, Disaster, ICT, Digital technology, MOU, Group Policy, ESG, AI, Ministry of Investment (Saudi Arabia), MISA, Robotics, NEOM, Team, Mobile phone, Arms industry, Oil, Transport, Housing

SEONGNAM, South Korea, March 30, 2023 /PRNewswire/ -- NAVER Corporation (CEO Choi Soo-yeon) announced that NAVER, NAVER LABS, NAVER Cloud signed an MOU with the Ministry of Municipal and Rural Affairs and Housing (MOMRAH) of Saudi Arabia and the Ministry of Investment Saudi Arabia (MISA), to cooperate on the Saudi Arabian government's national digital transformation initiative using Team NAVER's advanced technologies.

Key Points: 
  • The signing ceremony was held on the 30th (local time) at the Ministry of Municipal and Rural Affairs and Housing located in Riyadh, Saudi Arabia.
  • In addition to Saudi Arabia's NEOM project aimed at building the world's largest smart city, the country is making diverse efforts toward digital transformation.
  • With the MOU, Team NAVER, MOMRAH and MISA will be working together comprehensively across all domains for Saudi Arabia's ICT project for their nationwide digital transformation.
  • Following Minister Al Hogail's visit, Saudi Arabia's interest in NAVER continues as three Saudi Arabian government agencies related to AI and data also visited the company in February of this year.

South Korean e-Commerce Industry to 2026 - Mounting Penetration of Internet Users and Introduction of AI in Retail Drives Growth

Retrieved on: 
Tuesday, January 3, 2023
Internet, Cosmetics, US, EBay, Advertising, Urbanization, Growth, COVID-19, Risk, Naver Corporation, Sport, Clothing, Coronavirus, Online shopping

South Korea's e-commerce market is predicted to reach US$389.89 billion in 2026, progressing at a CAGR of 19.92%, over the period 2022-2026.

Key Points: 
  • South Korea's e-commerce market is predicted to reach US$389.89 billion in 2026, progressing at a CAGR of 19.92%, over the period 2022-2026.
  • The factors such as mounting penetration of internet users, introduction of AI in retail, expanding urbanization, escalating trend of online advertising and growing usage of smartphones would drive the growth of the market.
  • However, the market growth would be challenged by risk of e-commerce frauds and imprecise return policies.
  • The report provides a comprehensive analysis of South Korea e-commerce market segmented on the basis of product category.

Samsung Electronics and NAVER Team Up to Develop Semiconductor Solutions Optimized for Hyperscale AI

Retrieved on: 
Tuesday, December 6, 2022
Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, Technology, Artificial Intelligence, Semiconductor, Engineering, Manufacturing, Memory, LED, Internet, Samsung, Areal density (computer storage), Apple Inc. v. Samsung Electronics Co., Samsung Electronics, Electronics, Compute Express Link, PNM, Tablet, Multimedia, News, Naver Corporation, LSI, PIM, CXL, Memorandum, Television, Algorithm, Mobile phone, Medical device, AI

Samsung Electronics Co., Ltd., the world leader in advanced memory technology, and NAVER Corporation, a global internet company with top-notch AI technology, today announced a wide-reaching collaboration to develop semiconductor solutions tailored for hyperscale artificial intelligence (AI) models.

Key Points: 
  • Samsung Electronics Co., Ltd., the world leader in advanced memory technology, and NAVER Corporation, a global internet company with top-notch AI technology, today announced a wide-reaching collaboration to develop semiconductor solutions tailored for hyperscale artificial intelligence (AI) models.
  • (Photo: Business Wire)
    Recent advances in hyperscale AI have led to an exponential growth in data volumes that need to be processed.
  • Samsung will now join with NAVER to optimize these memory technologies in advancing large-scale AI systems.
  • Through our collaboration with NAVER, we will develop cutting-edge semiconductor solutions to solve the memory bottleneck in large-scale AI systems, said Jinman Han, Executive Vice President of Memory Global Sales & Marketing at Samsung Electronics.

NAVER and Samsung Electronics Join Hands to Develop Semiconductor Solutions for Hyperscale AI

Retrieved on: 
Tuesday, December 6, 2022
Poshmark, Wattpad, MOU, Publishing, Internet, Samsung, LINE, Software, Environment, GPU, Partnership, Samsung Electronics, Electronics, Hybe, SNOW, KRW, Robotics, PNM, SoftBank Group, Artificial intelligence, Multimedia, Naver Corporation, PIM, CXL, Semiconductor, Compute Express Link, Medical device, Computer data storage, Mobile phone, AI

NAVER Corporation (CEO Choi Soo-yeon) and Samsung Electronics (CEO Jong-Hee Han, Kye Hyun Kyung) have signed an MOU for collaboration on developing semiconductor solutions for AI, and formed a working-level task force.

Key Points: 
  • NAVER Corporation (CEO Choi Soo-yeon) and Samsung Electronics (CEO Jong-Hee Han, Kye Hyun Kyung) have signed an MOU for collaboration on developing semiconductor solutions for AI, and formed a working-level task force.
  • Developing semiconductor solutions for AI technology requires a convergence of competencies in not just hyperscale AI, but also software, service, and hardware.
  • NAVER and Samsung Electronics, both leading companies in their respective areas of expertise, will join hands to develop new semiconductor solutions capable of addressing bottlenecks in the current AI system and maximizing efficiency in power consumption in consideration of the actual hyperscale AI environment.
  • "Through our collaboration with NAVER, we will develop cutting-edge semiconductor solutions to solve the memory bottleneck in large-scale AI systems," said Jinman Han, Executive Vice President of Memory Global Sales & Marketing at Samsung Electronics.

CONTINUED INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Continues to Investigate NAVER Buyout of Poshmark – POSH

Retrieved on: 
Thursday, November 17, 2022
Class Action Lawsuit, Professional Services, Legal, Law, Naver Corporation, Management, Poshmark

Scott+Scott Attorneys at Law LLP (Scott+Scott), an international securities and consumer rights litigation firm, continues to investigate whether the directors of Poshmark, Inc. (Poshmark) (NASDAQ: POSH) breached their fiduciary duties to its shareholders in approving a merger with NAVER Corporation (NAVER) for inadequate consideration.

Key Points: 
  • Scott+Scott Attorneys at Law LLP (Scott+Scott), an international securities and consumer rights litigation firm, continues to investigate whether the directors of Poshmark, Inc. (Poshmark) (NASDAQ: POSH) breached their fiduciary duties to its shareholders in approving a merger with NAVER Corporation (NAVER) for inadequate consideration.
  • If you are a Poshmark shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or [email protected] .
  • On October 3, 2022, Poshmark announced it had reached an agreement to be bought out by NAVER for $17.90 per share.
  • If you are a Poshmark shareholder, you may have legal claims against Poshmarks directors.

NAVER Becomes Korea's First Internet Company to Join RE100, Committed to Drive ESG Initiatives

Retrieved on: 
Monday, August 22, 2022
Carbon, RE100, Partnership, Dow Jones, Research, CDP, Artificial intelligence, The Climate Group, Naver Corporation, Robotics, EV100, Silent Scope 3, CREF, Publishing, Policy, KRX, SNOW, LINE, Power, KRW, Electricity, Carbon dioxide removal, ESG, Internet, DJSI, Wind, IDC, Transport, Business, Climate change, PPA, Environment, Non-governmental organization, Renewable energy, MSCI

SEONGNAM, South Korea, Aug. 21, 2022 /PRNewswire/ -- NAVER Corporation (KRX: 035420) became the first among Korea's internet companies to join RE100, a global renewable energy initiative to accelerate change towards zero carbon electricity grids.

Key Points: 
  • The largest source of greenhouse gas emissions from NAVER, which amount to 99%, are from energy used in NAVER's office building and its IDC.
  • In addition to RE100, NAVER is planning to join various initiatives dedicated to the environment, a key segment of ESG.
  • NAVER is also the first internet company in Korea to voluntarily manage its Scope 3 emissions, conducting third-party verification to ensure higher accuracy.
  • Founded in 1999, NAVER is Korea's largest Internet company with hundreds of millions of users worldwide.

Edutech Company CAKE to Publish 'BTS LYRICS INSIDE'

Retrieved on: 
Wednesday, June 29, 2022
Music, BTS, Intellectual property, SNOW, Weverse, IP, YouTube, Naver Corporation, CAKE, Language, Social media, HYBE

This is the first K-pop IP-based educational content to be introduced since the merger of CAKE and HYBE EDU in March.

Key Points: 
  • This is the first K-pop IP-based educational content to be introduced since the merger of CAKE and HYBE EDU in March.
  • A teaser video for 'BTS LYRICS INSIDE' can be seen on the official YouTube channel of the global fan community platform Weverse.
  • CAKE is a language learning mobile app operated by CAKE Corporation, a subsidiary of SNOW.
  • In March 2022, CAKE Corporation acquired HYBE EDU, a subsidiary of HYBE, and announced its entry into the Korean education content market.

Nordot Becomes Microsoft Partner in Content Delivery for Microsoft Start

Retrieved on: 
Wednesday, May 11, 2022
COO, Z Holdings, Ecosystem, DPA, Yahoo!, GLOBE, Start, Color, Microsoft, Kyodo News, Geography, AFP, Naver Corporation, Language, News, Technology, Video game, Reuters, SoftBank Group

NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) -- Nordot, Inc., a leading provider of content syndication, sourcing, delivery, and monetization solutions for global publishers, today announced that it has been named an official content delivery partner for Microsoft Start.

Key Points: 
  • NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) -- Nordot, Inc., a leading provider of content syndication, sourcing, delivery, and monetization solutions for global publishers, today announced that it has been named an official content delivery partner for Microsoft Start.
  • Under terms of the collaboration, Nordot manages more than one hundred publishers that syndicate content through Microsoft Start.
  • Nordot enables a more thorough, rapid, and curated approach to delivering content, and enhances monetization for content publishers who work with Microsoft Start.
  • Nordot, whose initial engagement with Microsoft Start began in 2018, and was fully launched in 2019, is one of a handful of delivery partners for Microsoft Start.