South Korea e-commerce sales are forecast to register a strong compound annual growth rate of 7.7 percent over the next four years, to reach KRW 202.6 trillion (USD 160.4 billion) in 2027, as the Asia…
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Naver completes acquisition of Poshmark
Naver Corp., Korea’s largest internet company, announced last week the completion of its previously-announced acquisition of Poshmark, Inc. SEE ALSO: Investors skeptical over Naver Corp.’s USD 1.2 bil…
Investors skeptical over Naver Corp.’s USD 1.2 billion purchase of Poshmark
Fashion resale platform Poshmark Inc was recently acquired for USD 1.2 billion by Naver Corp. The purchase has raised doubts among investors who have questioned the timing of the deal amid a slowing e…
Naver’s Kream acquires Malaysian resale platform Shake Hands
The resale platform of South Korea’s web portal Naver Corp., Kream, has agreed to pay USD 1.7 million for a stake in Malaysia’s sneaker resale community Shake Hands. The purchase […]…
Korean tech firms expand to financial services
Naver, Coupang and Kakao expanded fast in line with the explosive growth of their online shops and merchandizing due to simpler access and payment over other payment options.…
Naver and Kakao launch their own live commerce service
With online shopping booming in Korea, IT companies are scrambling to launch their own live commerce services as they look for new ways to attract more customers.…
Naver to compete against Facebook and Google
Korea’s biggest portal site Naver is trying its best to prepare for competition against Facebook and Google in the local e-commerce market.…
Naver to launch Kream
Naver invested 70 billion won ($57 million) in a sneakers reseller to launch an online trading platform, Kream.…
Naver acquires Japanese delivery service Demae-can
Korea’s No. 1 search engine Naver is continuing efforts to discover the next “Line.”…
Band expands market to the United States
Band, social network platform of South Korea’s top internet portal Naver Corp., is rapidly expanding its presence in the United States.…