Park Won-ki, CEO of Naver Cloud, "Global Expansion with Sovereign Cloud"

From the left, Wonki Park, CEO of Naver Cloud; Kyuhung Han, CEO of Naver Works; Seungbae Lee, Chief Technology Officer (CTO) of Naver Financial; Gunho Na, Director of Naver Healthcare Research Institute.
[Photo by Naver Cloud]

[Asia Economy Reporter Yuri Choi] "Providing high-quality sovereign cloud services, interest in Naver Cloud is also heating up in Europe. We will accelerate our global market penetration by collaborating with various global companies."

Park Won-ki, CEO of Naver Cloud, stated this during the keynote at the 'Naver Cloud Summit 2022' (hereafter Summit). The Summit is an annual conference sharing Naver Cloud's technological capabilities and service know-how.

CEO Park explained that through localization strategies in new markets and cooperation with global companies, they were able to grow into a global Cloud Service Provider (CSP). He also presented the goal of becoming a top 3 player in the Asia-Pacific region.

He cited sovereign cloud as the core competitive advantage for this. Sovereign cloud is a cloud service based on local data centers that comply with each country's government regulations. As countries, centered on the European Union (EU), emphasize data sovereignty and strengthen related regulations, interest in sovereign cloud has increased. Naver Cloud is accelerating its global expansion by providing sovereign cloud at a high level.

He also shared technologies and efforts to provide stable services. To ensure service continuity, they have a seven-level service and infrastructure redundancy system, and they conduct systematic Business Continuity Planning (BCP) along with regular training.

CEO Park emphasized, "As a latecomer, Naver Cloud has never taken the easy path but always faced challenges head-on, which has prepared us to grow one step further as a leading cloud player in the global market within a short period of five years. We will do our best so that Naver Cloud can also be an 'opportunity' for you."

This year's Summit was held under the slogan 'Connected by Hyperscale,' featuring four keynotes and about 40 sessions. It introduced Team Naver's know-how and various business cases, including service redundancy and disaster recovery technologies, artificial intelligence (AI), and data.

This content was produced with the assistance of AI translation services.