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Glossary Term

Naver

History and Services of Naver - Naver was founded in June 1999 as the first South Korean portal website with a self-developed search engine. - In August 2000, Naver launched its comprehensive search service, providing various results on a single page. - Naver introduced the Knowledge iN service in 2002, allowing users to ask questions and receive answers from other users. - Naver launched its Webtoon service in 2004, offering webcomics created by professional artists. - Naver expanded its services from 2005 to 2007, including multimedia search and mobile search. - Junior Naver is a portal website for children, offering avatars, educational content, quizzes, videos, and a homework helper. - Naver Webtoon is a webcomic platform where users can access a variety of webtoons created by professional artists. - Naver Cafe allows users to create their own internet communities, with millions of cafes running as of May 2017. - Naver Blog started in 2003 and had 23 million users as of April 2016. - Naver NOW (formerly Naver TV) is a video streaming platform that provides web dramas. Naver Pay - Naver Pay is a payment service offered by Naver Financial, launched in June 2021. - It initially started as a payment service for Naver Shopping but now supports payments in over 97,000 stores. - Naver Pay started supporting Zero Pay in-app in December 2020, a government-funded payment service. - In May 2019, Naver started supporting overseas payment in Japan via Line Pay. - Naver Pay allows users to make payments in stores in Japan without exchanging currencies. Knowledge iN - Knowledge iN is an online Q&A platform launched in October 2002. - Users can ask questions on any subject and select among answers provided by other users. - The platform has a database of over 200 million answers. - Knowledge iN was launched three years before Yahoo! Answers. - Naver's Knowledge iN service is similar to Yahoo! Answers. Controversies and Achievements - In 2020, Naver introduced new restrictions on comments to protect celebrities from malicious comments. - Naver replaced the comment box with facial emojis after criticisms of mental health implications for celebrities. - Naver now owns Wattpad, an online book service. - In 2020, Naver was fined 26.7 billion won by South Korea's Fair Trade Commission for manipulating its algorithm. - Naver's market share in the open market sector increased from 4.97% in 2015 to 21.08% in 2018. Additional Features and Restrictions - Naver Encyclopedia is a professional database with over 3 million entries, produced by more than 1000 experts in various fields. - Naver Mail is an email service available to Naver users, providing up to 5GB of storage per person. - Naver Shopping Live is a live commerce platform operated by Naver, with the highest number of consumers in Korea. - PRISM Live Studio is a live streaming application for mobile and PC that allows simultaneous broadcasting to multiple platforms. - Naver's search engine features and restrictions include its closed platform, abolishment of Real-time Search Terms and Person-related Search Terms, and the beta release of its AI chatbot service, CLOVA X, in October 2023.