Kakao Q2 Net Income Down 68 pct On-year on Base Effect

SEOUL, Aug. 4 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its second-quarter net profit fell 68 percent from a year earlier due to a base effect. Kakao logged a net profit of 101.2 billion won (US$77.2 million) on a consolidated basis in the three months ending [...]