Choi Soo-Yeon, CEO of Naver, praised the creation of the Chinese artificial intelligence service Deepseek, which proves it as a “innovative milestone”, which proves how Latezcomer can challenge industry leaders with relatively small investments.
During the profit on Friday for the period from October to December 2024, the Korean Tech Roye head confirmed the company's commitment to narrowing the technological gap with leading AI companies in the middle of the increasing intensity of competition with the advent of Deepseek.
“We endeavor to strengthen multimodal skills and inference performance to ensure that we don't stay behind the industry leaders,” she said. “At the same time, we will continue to examine various cost -efficient measures.”
The CEO worked on Naver's AI strategy by facing it with approaches from colleagues in industry.
“While some competitors aggressively expand the AI functions for Pionier -Nice Markets, our goal at Hyperclova X is to optimize model efficiency and the speed of the Naver ecosystem. We plan to publish an update for our flagship model this month and to demonstrate tangible results in multimodal applications, including language, image and video, within the year. “
Hyperclova X, the latest edition of Hyperclova, which was introduced in 2021, is an improved version of the Hyperscale AI platform that is tailored to the Korean language. It was developed to keep a chat with the global competition with chat.
Despite the company's focus on internal AI development, Choi said that the IT giant was open to partnerships with global Big -tech companies and other AI models. She also indicated that there are also ongoing discussions with them.
Choi emphasized that the latest developments to cause the Ki Evolution of Naver instead of causing a fundamental shift.
“The possession of our proprietary AI models gives us the flexibility of strategically considering the integration of the external great model model. The CEO.
In addition, she underlined Naver's competitive advantage in AI-capable services. “As one of the leading internet platforms with the most extensive repository of high-quality data and AI-controlled service integrations, naver is well positioned to use these shifts. These developments will continue to accelerate our business expansion,” said Choi.
In his earnings report in 2024 published the day, Naver said that he had reached a historic milestone among domestic Internet companies for the first time by exceeding 10 trillion WON (6.91 billion US dollars) in annual sales.
The company reported a total turnover of 10.74 trillion in 2024, which had an increase of 11 percent compared to the previous year. The annual operating profit rose by 32.9 percent to 1.98 trillion WON in the previous year.
Naver initially exceeded the 5 trillion sales threshold in 2018 and has accelerated its business expansion, especially in new companies, within six years.
For the fourth quarter alone, Naver recorded sales of 2.89 trillion and 13.7 percent compared to the previous year. The operating profit for the quarter reached 542 billion WON, which was achieved in an increase of 33.7 percent compared to the previous year.
These numbers exceeded the market consensus of 2.8 trillion income and 529.4 billion in operating profit, which were compiled by the financial data provider Fnguide.
The impressive annual performance of Naver was driven by balanced growth in all business areas, with each quarter marking record services with record use.
At the performance of the October December period according to segment, the unit with the main support search platform a year increased by 14.7 percent to 1.06 trillion WON, since the competitiveness of its platform was strengthened.
The sales of the trade department rose by 17.4 percent to 775.1 billion a year and the turnover of the financial technology unit improved to 400.9 billion WON in the year.
In the content unit, sales rose by 0.2 percent compared to the previous year to 467.3 billion won and sales from the cloud business rose by 41.1 percent a year to 177.6 billion.
In a separate disclosure, Naver announced that his founder Lee Hae-Jin should return as a board member.
If Lee will be approved at the upcoming shareholder meeting in the next month, after a seven-year break, he will receive the position as CEO, after he resigned in 2017.