Upstage to acquire AXZ, Daum's operator, from Kakao through stock exchange. Aims to combine Daum's content data with Upstage's LLM for AI platform transformation.
Naver's search market share in Korea reached 62.86% in 2023, surpassing 60% for the first time in 3 years. Google's share decreased to 29.55%, widening the gap with Naver.
Daum, a major Korean portal, has legally separated from Kakao after 11 years. It now operates as an independent platform under AXZ, aiming to regain market share through AI and short-form content.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.