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Nate (Korean: 네이트) is a South Korean web portal developed by SK Communications. In 2003, Nate acquired social media site Cyworld and in 2004, it achieved first place in local page views with a total of 3.8 million, surpassing rival Daum for the first time.
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SK Communications was created when parent SK Telecom merged the recently acquired Lycos Korea with its cable Internet unit NetsGo in 2002. [5] NetsGo is the developer of Nate, a popular web portal in the Korean market. Lycos Korea had trouble differentiating itself from competition.
The merger between two companies enabled group chairman Chey Tae-won and his related parties to hold more than a 30% stake in the new SK Holdings. It solidified their ownership compared to the pre-merger when Chey's stake in ex-SK Holdings was only 0.02 percent. [3] [4] In 2021, SK Holdings changed its name to SK Inc. [5]
SK Inc. is a part of the SK Group that focuses on 4 core business interests, High-tech materials, Bio, Green and Digital. The SK Group is composed of 186 affiliate companies that share the SK brand and culture. In 2021, SK Group recorded combined revenues of $133 billion, with exports contributing $50 billion of that total.
North Portal was a centre of illegal export during Prohibition in the United States. [ 2 ] Canada replaced its wood bungalow-style border station in 1955 with a two-story brick and glass structure, then again in 1987 with a single-story sprawling brick structure with an attached three-lane canopy.
The customs office, established in 1913, was housed in the Public Building about 18 kilometres (11 mi) north of the border. The office operated under the administrative oversight of the Port of North Portal. A facility was not constructed at the border until 1937. The status was upgraded to Port of Estevan in 1950. [1]