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Company Profile

Naver

Naver is a South Korean online platform operated by the Naver Corporation. The company's products include a search engine, email hosting, blogs, maps, and mobile payment.

History
Naver was the first Korean web provider to develop its own search engine. The company was founded on 2 June 1999, and is headquartered in Seongnam, South Korea. Naver is a combination of 'navigate' and the suffix '-er', referring to a person who navigates the vast ocean of information on the Internet. Naver provides community services including blogs and cafes, other convenient services such as knowledge, shopping, maps, books, e-mail, and a Naver toolbar. and now possesses a database of over 200 million answers. Bradley Horowitz, former Vice President of Product Strategy at Yahoo!, has cited Knowledge iN as the inspiration for Yahoo! Answers, which was launched three years after Naver introduced the original service. Over the years, Naver has continued to expand its services. Naver Blog started with the name 'paper' in June 2003 and evolved to 'blog' in October 2003. 'Webtoon' is a South Korean webtoon publisher launched in 2004 by Naver. In May 2005, Naver started the Real-time Search service. The rising search terms was a chart in Naver that highlighted trending topics in real-time. The top searches would appear on the portal main page, reaching a large number of users. From 2005 to 2007, Naver expanded its multimedia search services, including music and video search, as well as mobile search. Naver had launched a messaging app called Line for the South Korean market in February 2011. In 2019, Naver reorganized its mobile version of the main screen, excluding search windows and some menus. In response, more than 3,000 comments opposing the change were posted. In October 2023, Naver announced the beta release of its AI chatbot service, 'CLOVA X' (클로바X). Naver mobile map application began providing real-time service on natural disaster information on 15 September 2024. == Services ==
Services
Naver Dictionary Naver Dictionary was launched in 1999, alongside Naver. It initially supported only Korean and English. , it supports 67 languages. The dictionary aggregates results from a number of other dictionaries, including Urimalsaem, which is operated by the National Institute of Korean Language. It also aggregates results from English-language dictionaries such as Oxford Dictionary of English and the Collins English Dictionary. It also operates an open-source dictionary called Open Dictionary PRO (ODP). The tool allows users to ask any question and receive answers from other users. Naver became an early pioneer in user-generated content through the creation of the 'Knowledge iN' (네이버 지식인)' service in 2002. Bradley Horowitz, former Vice President of Product Strategy at Yahoo!, has cited Knowledge iN as the inspiration for Yahoo! Answers, which was launched three years after Naver introduced the original service. From January to August 2024, Naver Cafe's MAU averaged 30 million, up about 10% from the previous year. Naver Blog Naver Blog (네이버 블로그) started with the name 'paper' in June 2003 and evolved to 'blog' in October 2003. It had 23 million users as of April 2016. In 2023, there were 1.26 million new users. For two weeks from 1 May 2021, Naver held an event to pay up to 16,000 won to people who posted on Naver's blog every day. However, this event ended early due to several incidents involving people with multiple IDs. Many participants in the event criticized Naver's response. Naver announced on its official blog that it would resume its "Today's Diary Challenge (#오늘일기챌린지)" event, which ended early in three days, from May 24. However, only those who participated in the previously discontinued event (who completed the three-day record) can participate in the event. On 13 May 2021, Naver announced that it would display profile pictures along with comments posted on Naver news articles. Previously, only the first four digits of the author's ID were disclosed, making it difficult to identify users. Naver implemented this change expecting it to facilitate user recognition and address issues with malicious comments. Critics, however, criticized the company for censoring comments. Naver NOW Naver NOW (formerly Naver TV) is a video streaming and sharing platform that primarily offers web dramas distributed by Naver. Naver NOW replaced the Naver TV mobile app, while Naver TV continues to serve as a web portal. Naver Pay In June 2015, Naver launched its own payment service, Naver Pay, which allows mobile payment service and online checkout. It is Naver's second mobile payment service after Line Pay. Naver Pay is the most widely used mobile payment service in South Korea. Naver Mail Naver Mail (네이버 메일) is an email service available to all Naver users. Each user is provided with up to 5GB of storage. Naver News Naver News (네이버 뉴스) is a news aggregator operated by Naver since 2000. The website co-founded a committee with Daum News to evaluate news presses for the service in 2015, but it was indefinitely shut down in 2023 after allegations of biased audit. It also runs Naver Enter, a subdivision focusing on entertainment news. Naver Shopping Live Naver Shopping Live (네이버 쇼핑 라이브) is a live commerce platform operated by Naver. Broadcasts can be transmitted via mobile phones or camcorders, with a resolution of 1080*1920 and a vertical format similar to YouTube shorts. It is currently the platform with the highest number of consumers in Korea. As of 2023, 73.6% of mobile shoppers in South Korea use Naver Shopping Live as their primary platform. PRISM Live Studio PRISM Live Studio (프리즘 라이브 스튜디오) is a live streaming application available for both mobile and PC users. Streamers can simultaneously broadcast to multiple platforms, a practice known as simulcasting, with support for up to 1080p HD resolution without increasing network usage. Supported platforms include YouTube, Facebook, Twitch, Periscope, V Live, Naver TV, afreecaTV, KakaoTV, and RTMP channels. The application can also be utilized for video editing purposes. Naver Papago In July 2017, Naver launched Papago, which is an AI-based mobile translator that uses a large neural network technology named N2MT (Naver Neural Machine Translation). It can translate text and phrases in 15 different languages by analyzing context instead of statistical analysis. Papago app has so far garnered over 16 million downloads. == Search engine features and restrictions ==
Search engine features and restrictions
Naver has been criticized for abusing Real-time Search Terms (급상승 검색어) to manipulate public opinion. As a result, Naver abolished Real-time Search Terms on 25 February 2021. ==See also==
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