![[Photo News] Inspiring new hires](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F02%2F24%2Fnews-p.v1.20250224.c6a62883f1cb458ca4a2e6a13651afc8_T1.jpg&w=3840&q=100)
[Photo News] Inspiring new hires
Shinsegae Group Chairman Chung Yong-jin speaks at the group's ceremonial event held Friday in Seoul, marking the completion of the training period for new employees across all affiliates. This was Chung's first meetup with new hires as the group's chairman, following his promotion last March. Offering warm encouragement, Chung reaffirmed the group's core principle of prioritizing customers, stressing the importance of understanding their lifestyles and anticipating their needs in the rapidly evolving AI era. He also shared advice on preparing for future challenges in the workplace, while encouraging new employees to find fulfillment in their professional growth. (Shinsegae Group)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Korea Herald
15 hours ago
- Korea Herald
4 in 10 Korean firms turn to AI to boost efficiency: survey
Nearly 40 percent of Korean companies have already integrated artificial intelligence technologies into their operations, underscoring the rapid adoption of AI across local industries, according to a government report released Sunday. According to the Ministry of Trade, Industry and Energy's report on the 'Survey on Industrial Infrastructure and AI Utilization' conducted via e-consumer, 37.1 percent of the 685 companies surveyed nationwide responded that they use AI in their business practices. By company size, large enterprises led AI adoption with a rate of 65.1 percent. Interestingly, small businesses (35.6 percent) outpaced mid-sized companies (31.2 percent) in their use of AI tools. Firms that embraced AI cited substantial benefits, including increased productivity (33.6 percent), reduced operating costs (26 percent) and improved decision-making accuracy and speed (22.1 percent). AI was most widely applied in research and development, followed by process optimization, customer care and market forecasting. While small and mid-sized firms primarily leveraged AI for R&D, large firms tended to focus their use on enhancing customer care. Despite the positive impact, many companies faced challenges adopting AI technologies. The most frequently cited obstacle was a shortage of skilled personnel, followed by insufficient internal data, high upfront investment costs and a lack of technological infrastructure. When asked what kind of government support would be most helpful, 49.8 percent of AI-using companies pointed to R&D funding, while 15.1 percent sought infrastructure support. To manage AI-related risks, businesses most commonly opted to collaborate with external experts (34.5 percent), followed by forming dedicated internal teams (29.8 percent) and enhancing data security (24.5 percent). Among companies not yet using AI, only 39.9 percent reported plans to adopt the technology, with the majority — 61.1 percent — expressing no such intention. The primary barriers cited were high initial investment costs and a lack of technical manpower. These firms identified several forms of needed government support for future AI adoption: R&D subsidies (31.5 percent), infrastructure assistance (24.6 percent), technical training and workforce development (18 percent) and case studies and application examples (11.3 percent). 'The findings highlight a growing consensus that AI is no longer a futuristic concept but a crucial lever for strengthening companies' competitiveness,' the report concluded. 'Tailored policy support based on company size, industry and regional needs is essential to lower entry barriers and boost practical adoption.'
Korea Herald
19 hours ago
- Korea Herald
Naver to establish US subsidiary for investment in local startups
South Korean tech giant Naver Corp. said Sunday it will establish an investment-focused subsidiary in the United States to support promising local startups there. Naver plans to complete the process of launching the new entity, Naver Ventures, later this month in Silicon Valley, the company said in a press release. Naver Ventures has already selected Twelve Labs, a South Korean artificial intelligence (AI) startup with operations in the US, as its first investment target, the release said. Naver Ventures will be Naver's first overseas investment subsidiary, the company said. "Silicon Valley is a cradle of innovation where skilled professionals and cutting-edge technologies converge. That's why we chose it as the base for our first overseas investment firm," Naver CEO Choi Soo-yeon said. In light of global economic uncertainty, startups are finding it increasingly difficult to attract investment. Naver aims to help these companies secure stable funding and continue developing their technologies and operations in the US market, she said. Naver founder Lee Hae-jin said: "Diversity is increasingly important in the AI era. That's why collaborations with a broad range of partners are essential for Naver." (Yonhap)
Korea Herald
19 hours ago
- Korea Herald
NAVER Expands Startup Investments in Silicon Valley with the Planned Establishment of NAVER Ventures
- Key executives, including Founder Lee Hae-jin and CEO Choi Soo-yeon, engage in discussions with the local startup ecosystem - The new investment initiative will focus on investing in promising startups in North America, starting with video AI startup 'TwelveLabs' - NAVER has a strong track record of tech startup investments through its NAVER D2SF and is also known for acquiring Poshmark SEONGNAM, South Korea, June 8, 2025 /PRNewswire/ -- NAVER Corporation (CEO Choi Soo-yeon) announced the planned establishment of "NAVER Ventures," its new global venture investment initiative in Silicon Valley. The launch marks a significant step in NAVER's strategy to expand its global footprint and foster innovation by investing in promising startups in North America. NAVER Ventures aims to build on NAVER's experience in supporting startups through its NAVER D2SF, which has invested numerous early-stage technology startups and supported their overseas expansion. The company also expanded its global portfolio by acquiring Poshmark, a leading U.S.-based social commerce platform, in 2023. As part of its commitment to the Silicon Valley ecosystem, NAVER Founder and Chairman Lee Hae-jin, CEO Choi Soo-yeon, and Kim Namsun, President of investments visited the region to engage directly with entrepreneurs, engineers, and investors. They hosted the "Venturing NAVER's Next Chapter" networking event on June 5 at the Four Seasons Hotel, where they discussed NAVER's vision for supporting startups and fostering technological innovation. NAVER Ventures has confirmed its first investment in TwelveLabs, a video AI startup recognized for its innovative technology. The investment aligns with NAVER's focus on AI competitiveness and its strategy to collaborate with global startups to drive future growth. The new investment initiative, NAVER Ventures, overseen by Kim Namsun, is expected to complete its establishment process later this month. It will invest capital and expertise to help category-leading companies accelerate the growth of their businesses (/END) About NAVER Founded in 1999, NAVER is South Korea's largest Internet company and one of the world's leading technology companies. NAVER has grown into a global ICT company that leads in cutting-edge technologies and operates a diverse portfolio of businesses, including commerce, fintech, content, cloud services, AI, and robotics, as well as other global online services such as LINE mobile messenger, Webtoon and Webnovel publishing, SNOW video camera app and ZEPETO metaverse platform. NAVER is expanding its global footprint through strategic partnerships with industry leaders such as SoftBank, Poshmark, and Wattpad. Currently, TEAM NAVER strengthens business portfolios and expands its service regions, including Japan, North America, and Europe. In 2024, NAVER reported sales of KRW 10.74 trillion (approximately USD 7.5 billion) and NAVER is ranked as the 12th largest company in terms of market capitalization in Korea.
