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Streaming Music Service Users Look to Music Recommendations on Rainy Days

Streaming Music Service Users Look to Music Recommendations on Rainy Days

SEOUL, Jul. 5 (Korea Bizwire) — A recent survey by KaKao, the operator of the nation’s largest music streaming service, Melon, found that subscribers to the service used the “music recommendation function” 28 percent more often on rainy days than on sunny ones. The recommendations are based on the weather conditions of the day. Especially [...]

Kakao to Expand Food Delivery Service

Kakao to Expand Food Delivery Service

SEOUL, Jun. 19 (Korea Bizwire) — Kakao Corp., best known for its ubiquitous smartphone messaging app, is expanding its recent venture into the food delivery service. Having initiated delivery service for select franchise stores as a third-party in March of last year, Kakao has announced that it is expanding its delivery service to include all [...]

Kakao to Inject Large Sums Into Investment Firm, Overseas Operations

Kakao to Inject Large Sums Into Investment Firm, Overseas Operations

SEOUL, April 18 (Korea Bizwire) – South Korea’s top mobile messenger operator, Kakao Corp., said Wednesday that it will inject billions of won into its investment firm and overseas operation to generate the best possible synergy going forward. The company said it has decided to inject 70 billion won (US$65.5 million) into Kakao Investment, a wholly owned subsidiary that specializes in capital ventures. “The move could lay [...]

Kakao Releases Ethics Guidelines for AI Technology

Kakao Releases Ethics Guidelines for AI Technology

SEOUL, Jan. 31 (Korea Bizwire) — Kakao has become the first South Korean AI developer to establish ethics guidelines concerning artificial intelligence technology. The South Korean IT giant on Wednesday announced the release of the Kakao Algorithm Ethics Charter, which includes a set of rules concerning discrimination against social groups and ethical data collection and transparency [...]

Big Wave of M&A Activity in South Korean IT Industry

Big Wave of M&A Activity in South Korean IT Industry

SEOUL, Jan. 19 (Korea Bizwire) – Mergers and acquisitions are heating up in South Korea’s information technology industry this year. With the Fourth Industrial Revolution on the horizon, IT industry leaders like Kakao and SKT are poised to expand their presence by merging with companies in the content industry. According to industry sources, Kakao recently issued [...]

“19th Election”, “Goblin”, “A Taxi Driver” Top Daum Searches

“19th Election”, “Goblin”, “A Taxi Driver” Top Daum Searches

SEOUL, Dec. 22 (Korea Bizwire) – Kakao released on December 22 a list of the most searched keywords from January through November on its Daum portal in the categories of news, personalities and media.  In news, “19th election”, “Park Geun-hye impeachment”, “Kim Joo-hyuk death”, “Pohang earthquake” and “cryptocurrency” were the most searched in order from [...]