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Korean tech giant Naver said Friday its first-quarter net profit soared 1,171.9 percent from a year earlier on the overall growth of its major businesses, including its search platform and e-commerce.
SEOUL (ANN/THE KOREA HERALD) – South Korean technology leader Naver Corp announced Friday that its net profit for the first quarter shot up 1,171.9 per cent compared to the same period last year, driven by significant growth in its core businesses, including search platforms and e-commerce. According to a regulatory filing, Naver’s net profit reached […]
While the Japanese government is pressuring Naver to shed ownership in Line, the dominating messaging app in Japan, the Korean internet giant said it will make a decision based on the benefit of the company's business, the chief executive officer said Friday. During an earnings call, Naver CEO Choi Soo-yeon said the administrative guidance issued by Japan's Ministry of Internal Affairs and Communications la...
HYBE, the K-pop powerhouse behind BTS, Seventeen and NewJeans, reported a sharp decline in its earnings for the first quarter of this year, with operating profit plummeting 72.6 percent from a year ago.
SEOUL: Samsung Electronics said on Tuesday that its first-quarter (Q1) operating profits had risen nearly tenfold year on year amid recovering chip prices and growing demand, notably for generative artificial intelligence (AI).