daum kakao Archives | Be Korea-savvy
Kakao Japan Attracts Users with Webtoons in Preparation for 2020 IPO

Kakao Japan Attracts Users with Webtoons in Preparation for 2020 IPO

SEOUL, Sept. 4 (Korea Bizwire) — Bloomberg News reported on September 4 that Kakao Japan and Nomura Holdings are engaged in discussions for a possible IPO at the Tokyo Stock Exchange in 2020, bringing to light the Korean social media giant’s strategies to attract Japanese users. Though it enjoys wild success at home (43 million [...]

Kakao Opens Mobile Circulation Platform to Sell Tangerines

Kakao Opens Mobile Circulation Platform to Sell Tangerines

SEOUL, Nov.11 (Korea Bizwire) – Daum Kakao has announced that it has opened a mobile circulation platform for Jeju tangerines called ‘Kakao Farmer Jeju’. ‘Kakao Farmer Jeju’ was established with the intention to select the best produce and deliver it to consumers when it is in its most delicious state. Since this is a trial [...]

Ruling party, Internet Portals Clash Over News Content

Ruling party, Internet Portals Clash Over News Content

SEOUL, Sept. 16 (Korea Bizwire) — The South Korean ruling party’s fresh accusation of the nation’s two major Internet portals over their “biased” news editing has surfaced as a hot-button issue, sparking concerns the party is trying to control the portals and influence public opinion ahead of next year’s parliamentary election. The row flared up [...]

Interpark Join Forces with SK Telecom for Internet-only Bank

Interpark Join Forces with SK Telecom for Internet-only Bank

SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s leading online shopping site Interpark said Wednesday it has joined forces with the nation’s top mobile carrier and several other firms to win regulatory approval for running an Internet-only bank. Interpark said its consortium includes SK Telecom, the state-run Industrial Bank of Korea, GS Home Shopping and four [...]

Government Neutral About Daum Kakao Lauching a Chauffeur Service

Government Neutral About Daum Kakao Lauching a Chauffeur Service

SEJONG, Aug. 12 (Korea Bizwire) – As speculation about Daum Kakao launching a chauffeur service is building, the Ministry of Land, Infrastructure and Transport made it clear that they viewed the situation from a neutral perspective. The Ministry of Land, Infrastructure and Transport explained that chauffeur services are classified as a free business type. “There is [...]

‘Portal Internet Banks’ will Attract Customers through Portal Sites

‘Portal Internet Banks’ will Attract Customers through Portal Sites

SEOUL, August 4 (Korea Bizwire) – If internet portal sites such as Naver and Daum Kakao were to establish internet-only banks, they would be allowed to enroll new customers on their own portal sites. However, when banks set up internet-only financial institutions and are the largest shareholder, they could be disadvantaged during the accreditation review. The [...]

Naver Rolls out New Video Streaming App on K-pop Stars

Naver Rolls out New Video Streaming App on K-pop Stars

SEOUL, July 31 (Korea Bizwire) – Naver, South Korea’s top Internet portal operator, rolled out a real-time video streaming app on Friday that features behind-the-scenes stories of popular K-pop artists, as it seeks to expand its global presence with the new mobile media platform. Dubbed V, the app is designed to provide footage of top Korean singers [...]

Daum Kakao Plans to Launch Luxury Taxi-hailing Service Later This Year

Daum Kakao Plans to Launch Luxury Taxi-hailing Service Later This Year

SEOUL, July 6 (Korea Bizwire) — Daum Kakao, a leading Internet portal in South Korea, said Monday it plans to launch a charge-based luxury taxi-hailing service later this year, riding the popularity of an existing free application. KakaoTaxi has gathered a combined 5 million calls from users in just three months after its release, with [...]

Naver and Daum Compete to Provide a More Tailored Mobile Search Experience

Naver and Daum Compete to Provide a More Tailored Mobile Search Experience

SEOUL, Jun. 29 (Korea Bizwire) — As the quantity of search activities on mobile web platforms has surpassed that on PC versions in Korea, Korean web portals are re-designing their mobile platforms to be more personalized. Naver has introduced a ‘tag-search’ service for its mobile platform, which is based on an algorithm named ‘I-rank.’ The [...]