Naver to challenge YouTube dominance in South Korea

KoreaZDNet — In tech savvy South Korea, YouTube currently reigns supreme, but Naver Corporation, the sprawling conglomerate behind the country’s largest search portal and chat app Line in Japan, vowed to challenge YouTube’s video streaming dominance in 2016. Naver executives took the stage at the Naver Connect 2015 conference last Tuesday to deliver a message best summed up by two keywords: “live” and “mobile”.

http://www.zdnet.com/article/naver-to-challenge-youtube-dominance-in-south-korea/

YouTube Challenged by Local Online Video Service Providers in Korea

KoreaBusiness Korea — Naver and Daum Kakao are actively seeking to take back the local Internet service market of online video services, taxi services, and SNS from foreign companies. In particular, they have appeared to strengthen their position in the online video market by narrowing the gap with their rival YouTube. According to industry sources on Aug. 10, Korean portal operators are targeting the local market by releasing services to curb the dominance of foreign Internet giants like Google.

http://www.businesskorea.co.kr/article/11681/online-posturing-youtube-challenged-local-online-video-service-providers-korea

Chinese Government’s Protectionism Hindering Growth of Korean Mobile Messengers

KoreaThe partial block of the Line and Kakao Talk mobile messengers in China since July 1 of last year is showing signs of extension, while Chinese game studios are taking advantage of the local regulation that forces Korean game developers wishing to do business in China to pass through their studios. According to industry sources, the Chinese government is continuing to block access to global Internet services.

http://www.businesskorea.co.kr/article/11118/oriental-interference-chinese-government%E2%80%99s-protectionism-hindering-growth-korean

Local IT Giants Fighting to Capture Mobile Payment Market, from Korea

KoreaAccording to Korea Information Society Development Institute (KISDI) on June 21, the domestic mobile payment market has shown a steady increasing trend, already exceeding 3 trillion won (US$2.71 billion) in the first half of last year. Domestic payments have steadily increased every quarter from 1.127 trillion won (US$1.02 billion) in the first quarter of 2013 to 2.355 trillion won (US$2.13 billion) in the fourth quarter of the same year. Also, it posted 3.193 trillion won (US$2.88 billion) in the second quarter of last year.

http://www.businesskorea.co.kr/article/11110/payment-market-war-local-it-giants-fighting-capture-mobile-payment-market

Naver, Daum to form news screening committee

KoreaNaver and Daum Kakao, the nation’s two dominant portals, said Thursday that they will form an independent committee to screen news. Their move comes amid criticism that mushrooming minor news providers have used the two portals as a tool to promote pseudo, sensational news articles for commercial purposes. “Naver and Daum Kakao will overhaul their news evaluation system,” said Yoo Bong-seok, head of Naver’s media platform center, in a press conference.

http://www.koreatimes.co.kr/www/news/tech/2015/05/133_179774.html

Number of Line users to top 700 mil. this year

KoreaThe number of users Line, the Naver’s mobile messenger app, is expected to exceed 700 million this year, according to officials and analysts Sunday. Naver saw the number of users cross 600 million recently. “The number of users continues to grow and we see the number exceeding 10 million in 13 countries, including Turkey,” said Hwang In-joon, chief financial official (CFO) at Naver, during a recent conference call with investors.

http://www.koreatimes.co.kr/www/news/tech/2015/02/419_173201.html

LINE, advertisement lead Naver to Q4 profit

KoreaNaver said Thursday its operating profit in the fourth quarter grew 30.3 percent from a quarter ago, led by robust growth from its advertisement sales. The nation’s largest Internet service provider said in its regulatory filing on Thursday that it has posted 196.1 billion won between October and December, compared to 150.6 billion won a year ago. Its sales stood at 750.2 billion won in the same period, up 19.3 percent from last year’s 628.8 billion won.

http://www.koreatimes.co.kr/www/news/tech/2015/01/133_172692.html

Google, Naver, Daum Kakao face probe

The Korea Communications Commission (KCC) plans to inspect Google Korea and other leading location-based services (LBS) providers over data and privacy protection. It will look into the Korean offices of Google, Apple, Microsoft, Qualcomm and BMW to check their latest updates for addressing privacy concerns. The nation’s dominant web portals Naver, Daum Kakao, along with the country’s three carriers ― SK Telecom, KT and LG Uplus ― Samsung and LG Electronics, SK Energy and Hyundai Motor will all be subject to questioning about their privacy policies, said a senior official at the KCC.

http://www.koreatimes.co.kr/www/news/tech/2015/01/133_171990.html