SEOUL, May 7 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its first-quarter net profit jumped nearly four times from a year earlier on the back of robust growth of its e-commerce services based on its messenger platform. Net profit reached 79.9 billion won (US$65.4 million) in [...]
SEOUL, April 21 (Korea Bizwire) – Piccoma, Kakao Japan Corp.’s online comic platform, is continuing its growth in the Japanese market. Launched in April 2016, Piccoma saw its annual turnover increase 14-fold the following year. Subsequently, the annual volume of business has more than doubled every year, growing 156 percent in 2018 and 130 percent in [...]
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 [...]
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 [...]
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 [...]
SEOUL, Dec. 3 (Korea Bizwire) — Foreign investors’ love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country’s most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fintech-related businesses, [...]
SEOUL, Oct. 28 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Monday that it has agreed to a share swap deal with the country’s largest messenger operator, Kakao Corp., in a move to strengthen their competitiveness. Under the agreement, SK Telecom and Kakao will exchange about 300 billion won (US$258 million) [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean IT giant Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, has recently taken over two local movie studios to make inroads into the filmmaking industry. Last week, Kakao M Corp., an entertainment unit of Kakao, said that it has secured a majority share in [...]
SEOUL, Sept. 12 (Korea Bizwire) — KakaoPage, a webtoon and Internet social media platform operated by Kakao Corp., will hold a contest in the young adult genre in collaboration with Changbi Publishers, a major South Korean publishing house. Young adult novels refer to novels about the main character’s growth, such as hardships, trials, adventures, and [...]
SEOUL, Jul. 31 (Korea Bizwire) — The Internet insurance market is heating up as Naver, Korea’s largest Internet portal operator, recently announced its plan to jump into the financial industry. South Korea’s top internet portal operator Naver Corp., which has established a separate subsidiary that specializes in providing financial services, aims to provide various financial [...]