Naver's Earnings Miss Expectations As Line's Sales Growth Slows

Naver's Earnings Miss Expectations As Line's Sales Growth Slows
South Korean Internet giant Naver announced quarterly results that fell short of expectations because of weaker performance from the gaming unit of its messaging app Line. This echoes problems faced by Tencent's WeChat, one of Line's main rivals, and …
Read more on TechCrunch

Google Sued by European Commission for Alleged Violation of Antitrust Law
… the European Commission at this time. Back in April 2011, Naver and Daum had brought up a similar issue with the Fair Trade Commission, claiming that Google tried to block their search engines when supplying Android OS to smartphone manufacturers.
Read more on BusinessKorea

Naver Bets On Mobile Payment Boom
South Korea's top web portal operator Naver, which owns Japan-based chatting app Line, said it will launch a new mobile payment service in June as the company hopes to piggyback on the rising demand for online shopping. “Over 30% of the keyword …
Read more on Wall Street Journal (blog)

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