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Daum Kakao Mulls U.S. Messenger Takeover

Daum Kakao Mulls U.S. Messenger Takeover

SEOUL, April 22 (Korea Bizwire) — Daum Kakao, which operates South Korea’s top mobile messenger KakaoTalk, said Wednesday it is “considering” taking over U.S.-based messenger service Path, although no details have been decided. “It is true that our working-level team has reviewed the plan (to take over Path),” an official from Daum Kakao said. “However, [...]

Daum Uses Crowdfunding to Produce New Type of News

Daum Uses Crowdfunding to Produce New Type of News

SEOUL, Oct. 2 (Korea Bizwire) — Daum Communications launched a new type of news service which makes news by utilizing crowdfunding on the Internet. The new scheme called news funding raises money from many people on the Internet to produce news items. On its website (http://m.newsfund.media.daum.net/), people contribute some money to good ideas that they want [...]

Daum Acquires Legendary SeoulBus App to Expand O2O Business

SEOUL, Sept. 18 (Korea Bizwire) – Daum Communications acquired smartphone app SeoulBus as a stepping stone to expand its business into local online to offline (O2O) market and reinforce its mobile advertisement business. Daum, the second largest Internet portal in Korea to be merged with Kakao Inc. next month, announced on September 16 that it took [...]