Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Naver launches AI-powered ecommerce app to rival Coupang

Naver, a major online search engine operator in South Korea, has launched a new ecommerce app, Naver Plus Store, on Google Play, with an Apple App Store release coming soon.

The app uses AI to analyze user demographics, shopping behavior, and trends to provide personalized recommendations.

Naver has partnered with logistics providers like CJ Logistics to offer same-day and next-day delivery, free returns, and flexible delivery options.

Unlike Coupang, which operates its own logistics network and direct sales through Rocket Delivery, Naver relies on third-party sellers and partners. This may impact its ability to compete with Coupang’s speed and efficiency.

While Naver has a larger user base of 44.1 million monthly active users compared to Coupang’s 32.9 million, Coupang dominates in paid memberships, with over 14 million versus Naver’s 4.6 million.

The Naver Plus Store marks a strategic push into e-commerce, but it remains uncertain whether Naver can close the gap with Coupang.

Recent Naver developments

Timeline
06-Feb-2025 🚀 Naver founder returns as chair amid AI focus
  • Lee Hae-jin returning as Naver board chair.
  • Naver shares jump 4.8% ahead of shareholder meeting.
21-Nov-2024 💰 Naver Pay, South Korea’s Hashed bring NFTs to ticketing
  • Hashed partners with Naver Pay for crypto assets
  • 20,867 NFTs issued at Naver’s DAN24 conference
11-Nov-2024 🤖 Naver adds AI to search, maps services
  • Naver to integrate AI in search and maps.
  • AI briefing tool launching in H1 2024.
03-Jun-2024 📈 Naver’s Webtoon files for US IPO, posts $145m net loss in 2023
  • Webtoon files for US IPO with ticker ‘WBTN’
  • Revenue rose 19% in FY2023, net income up in Q1

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.