Daum Kakao to Establish 100 Billion Won Investment Firm

SEOUL, Dec. 23 (Korea Bizwire) — Daum Kakao, Korea’s top messaging app operator, said on December 22 that it plans to invest 100 billion won (US$ 91 million) to establish an investment firm by January 23, 2015. Park Ji Hwan, the former strategy chief of Daum Kakao, is slated to be the first CEO of [...]