Seoul, April 30 (IANS) Naver, South Korea’s largest online portal operator, said Thursday its first-quarter net profit fell 31.3 per cent from a year earlier, weighed down by foreign exchange losses.Net profit for the three months that ended in March fell to 291 billion won (US$195.9 million) from 423.7 billion won in the same period last year, the company said in a regulatory filing.”The decline was largely attributed to increased translation losses on the company’s dollar-denominated debt when…
Latest Choi Soo-yeon News & Updates
Seoul/New Delhi, April 21 (IANS) Internet giant Naver said on Tuesday it has created a 700 billion-won ($476.4 million) investment fund with Krafton and Mirae Asset Group to foster companies in the artificial intelligence (AI), fintech and content sectors in India.The companies co-hosted an event in New Delhi to introduce the Unicorn Growth Fund (UGF) to Indian companies and venture capital firms, attended by Industry Minister Kim Jung-kwan, Naver Chief Executive Officer (CEO) Choi Soo-yeon, Kra…
Seoul, Jan 11 (IANS) The science ministry here said on Sunday it has shared a view with Nvidia Corp. on swiftly setting up a research centre in South Korea.Second Vice Science Minister Ryu Je-myung met with Jay Puri, executive vice president at Nvidia, in California on Friday (U.S. time), according to the Ministry of Science and ICT, reports Yonhap news agency.During the meeting, Ryu and Puri shared a consensus on the need to promptly establish Nvidia’s research and development facility in South…