Kakao Archives | Be Korea-savvy
Kakao’s New Delivery Service Has Competitors on Edge

Kakao’s New Delivery Service Has Competitors on Edge

SEOUL, Aug. 7 (Korea Bizwire) — Kakao Corp., operator of South Korea’s largest messenger app, KakaoTalk, plans to introduce a new food delivery service, raising worries over the impact it may bring to the country’s delivery industry. NowBusking, a Korean startup that Kakao has made a significant investment in purchasing 26 percent of its shares, [...]

Kakao’s Q2 Net Jumps Nearly 5 Times on Robust Platform, E-commerce Businesses

Kakao’s Q2 Net Jumps Nearly 5 Times on Robust Platform, E-commerce Businesses

SEOUL, Aug. 6 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its second-quarter net profit jumped nearly five times from a year earlier on the back of robust growth of its e-commerce and contents services based on its messenger platform. Net profit reached 145.2 billion won (US$122.2 [...]

Naver, Kakao Eye Top Spots in Overseas Webtoon Markets

Naver, Kakao Eye Top Spots in Overseas Webtoon Markets

SEOUL, Aug. 4 (Korea Bizwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, have an unrivaled presence here but often face criticism that their platforms are limited to the domestic market. This criticism, however, is becoming increasingly misguided since Naver and Kakao’s [...]

Naver, Kakao Tipped to Report Strong Q2 Earnings amid Pandemic

Naver, Kakao Tipped to Report Strong Q2 Earnings amid Pandemic

SEOUL, July 11 (Korea BIzwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, are forecast to report stronger-than-expected earnings for the second quarter amid the coronavirus pandemic, industry reports showed Saturday. The operating profit of Kakao is likely to soar by 136 [...]

Kakao Announces Development of Enterprise Messaging Platform

Kakao Announces Development of Enterprise Messaging Platform

SEOUL, March 2 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, plans to introduce KakaoTalk for business purposes similar to the “Slack” messaging service in the U.S. Kakao Enterprise, Kakao’s subsidiary to provide artificial intelligence (AI)-based platform service for enterprises, is currently developing a new corporate messenger and is [...]

Foreigners Rake in Kakao on Rosy Q4 Earnings Outlook

Foreigners Rake in Kakao on Rosy Q4 Earnings Outlook

SEOUL, Dec. 30 (Korea Bizwire) — Foreign investors recently have been scooping up shares of Kakao Corp., the operator of South Korea’s largest messaging app Kakao Talk, on expectations of a rosy earnings outlook, data showed Monday. Foreigners net bought 96.64 billion won (US$83.6 million) worth of Kakao shares in the Dec. 2-27 period, according [...]

Kakao’s New Van Taxi-hailing Service Offers Alternative to Tada

Kakao’s New Van Taxi-hailing Service Offers Alternative to Tada

SEOUL, Dec. 12 (Korea Bizwire) — Amid the recent crisis surrounding ride-hailing app Tada’s possible shutdown, internet giant Kakao Corp. plans to introduce a new van taxi hailing service. Kakao Mobility, the transportation arm of Kakao, announced on Wednesday that it will begin testing the new Kakao T Venti service. The new service will first [...]