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.