KoreaCrunch

Google has innovated online geospatial service as like Google Maps with high quality satellite images, street view, oceanic exploration and Google Earth with 3D images and SketchUP in global scale. They were brilliant ideas and many people were impressed. But, recently Korean web service made another remarkable map services in local scale. Daum and Naver invested many money to build these high quality service too. Aerial Photography Daum launched new map features "road view" and "sky view" on January in this year. The image of sky view is converted into high-resolution aerial photography, with the restaurant's roof, driveway and the sea becoming ...

NHN announced earning surprise of 2008 year with increasing over 30% sales and income compared with 2007. According to corporate earning presentation, the total sales in 2008 reached 8.6 hundred million US dollars and net income did 2.6 hundred million US dollars. It was just discounted because of weaken Korean won. 2008 2007 Amount Increased Rate(%) Sales 1,208,126,638 920,208,853 287,917,785 31.29 Operating Income 491,174,801 389,491,413 101,683,388 26.11 Net profit form continuing operation before corporate income Tax 517,100,579 394,317,310 122,783,268 31.14 Net Income 365,702,271 280,107,718 85,594,553 30.56 (Thousand Korean WON) NHN has two business properties of Naver.com (search portal) 70% including search and display advertisement and Hangame.com (online game) 30% based on user-charged game service.

Daum, the #2 largest Internet portal in Korea gains 20% share in Korean search market. As you know, Korea is one of Google failed countries against local search engine. Google is still behind others in Russia, the Czech Republic, Korea, China and Japan. Yandex, Seznam, Naver, Baidu and Yahoo! Japan are all the leaders in each of these nations respectively. Naver has still dominated 75% market share and reached 10 times profit compared with Daum's. According to Comscore's report, NHN was also #5 search engine in the world. But, Daum caught up Naver slowly and maintained 20% share from August, 2008. On ...

Even though Google, web search giant conquers all search world, there is exceptional country. In Korea, Naver became David against Goliath. What's different Naver from Google and How's different Korea from others? Naver explained their unique characteristics of its search engine and service evolved by Korean user's requirement over time. It's different style with Google and foreign search engine. They called it as 'Multiple or Integrated Search' that shows results by information collections such as own-made databases and web documents together whereas global search engines are based on only web documents. Of course, other search engine have tried how to give ...