[Courtesy of Drama & Company]
SEOUL, Dec. 21 (Aju News) -- Exchanging business cards is an established practice in South Korea and other Asian countries, leading to the active use and development of smartphone apps reading business cards.
Many apps feature optical character recognition (OCR) and AI. If smartphones photograph business cards, apps automatically sort and store names, phone numbers and other important data.
Naver, South Korea's largest web service giant, said Thursday that it has acquired "Drama & Company", the developer of South Korea's popular business card-reading app "Remember" with about 1.7 million users.
Like other tech firms trying to acquire AI-related startups and manpower, Naver has sought to transform itself into a technology company focusing on AI. The company acquired Xerox Research Center Europe, a France-based AI research center, in June and Company AI, a domestic developer of algorithms for AI's deep learning process, in July.
reporter
Park Sae-jin
swatchsjp@ajunews.com
