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Kakao Sets Up Autonomous Entity Dedicated to Enhancing Ethical Governance

Kakao Sets Up Autonomous Entity Dedicated to Enhancing Ethical Governance

SEOUL, Nov. 3 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger, said Friday it will establish an independent organization to strengthen its ethics management system amid public criticism over stock manipulation allegations involving its executives. The external body, planned for launch later this year, will be dedicated to creating and [...]

Regulator Sends Kakao, Entertainment Unit to Prosecutors over Allegation of Stock Manipulation

Regulator Sends Kakao, Entertainment Unit to Prosecutors over Allegation of Stock Manipulation

SEOUL, Oct. 26 (Korea Bizwire) — The financial regulator said Thursday it has sent Kakao Corp., its entertainment subsidiary and three senior executives to prosecutors over alleged stock price manipulation in connection with a takeover bid. Kim Beom-su, founder of the social media giant Kakao, was not included in the list, according to the Financial [...]

Kakao’s Chief Investment Officer Arrested on Suspicion of Rigging SM Shares

Kakao’s Chief Investment Officer Arrested on Suspicion of Rigging SM Shares

SEOUL, Oct. 19 (Korea Bizwire) — The chief investment officer of Kakao Corp. was arrested Thursday on suspected stock manipulation in connection with the tech giant’s acquisition of SM Entertainment. The Seoul Southern District Court issued an arrest warrant for the Kakao executive, Bae Jae-hyun, citing concerns about the possible destruction of evidence and flight [...]

Kakao Labor Union Seeks Group Action amid Subsidiaries’ Restructuring

Kakao Labor Union Seeks Group Action amid Subsidiaries’ Restructuring

SEOUL, July 27 (Korea Bizwire) — The labor union of Kakao Corp. is seeking group action after the South Korean tech giant’s subsidiaries recently carried out voluntary retirement and restructuring. The Korean Confederation of Trade Unions’ Kakao Branch on Wednesday staged a protest in front of the Kakao headquarters in Seongnam, Gyeonggi Province, attended by [...]

Kakao, Naver Face Threat as Global Tech Giants Challenge Domination in S. Korea

Kakao, Naver Face Threat as Global Tech Giants Challenge Domination in S. Korea

SEOUL, June 6 (Korea Bizwire) — KakaoTalk and Naver, two popular platforms in South Korea known as the “people’s messenger” and “people’s portal,” respectively, are facing a growing challenge from global tech giants. KakaoTalk’s position as the top platform for monthly active users (MAU) is being threatened by Google’s YouTube, with a narrow gap of 507,487 [...]

Kakao Hosts Webtoon Contest Exclusively for Human-created Content

Kakao Hosts Webtoon Contest Exclusively for Human-created Content

SEOUL, June 1 (Korea Bizwire) — Amidst controversy surrounding Naver Webtoon’s recent utilization of artificially intelligence (AI)-generated works, its main competitor is garnering attention by hosting a contest that appears to be mindful of this issue. Kakao Webtoon Studio announced that it will a guerrilla contest for six days starting Thursday. The contest explicitly states [...]