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Games & Commerce

Naver narrows commerce gap with Coupang by expanding from search to delivery

Naver is narrowing its gap with Coupang by expanding beyond search and price comparison into delivery and returns management. An analysis by Wiseapp.Retail put Naver and Naver Pay at 96.5 when Coupang is set at 100, though the figure may include external merchant payments. Broker estimates point to strong commerce revenue growth and rising user metrics for Naver Plus Store. The push into fulfillment is lifting transactions and orders, but costs are rising and user gaps remain.

Industry

South Korea\'s President Lee, business leaders meet in San Francisco to reshape AI supply chain

South Korean President Lee Jae-myung issued a “San Francisco AI Declaration” in San Francisco on July 24, pledging to make the country an indispensable axis of the global AI supply chain. He cited a 4,700 trillion won AI project investment announced in June and investment initiatives by domestic and foreign firms whose combined enterprise value exceeds 2 quadrillion won. The focus includes memory and foundry semiconductors, autonomous driving and AI factories.

Technology

AI to replace CEOs? OverpAId parody website draws attention

A parody website called OverpAId has been launched, presenting the idea that executives, not workers, should be replaced first as generative AI spreads. The site compares high CEO pay with the cost of an “AI CEO” and frames common executive tasks as cheaper to automate. It also criticises executive compensation levels and pay gaps, and includes a tool estimating per-employee bonuses if a CEO is fired. The site notes it is not a real product.