SEOUL, March 11 (Korea Bizwire) — Major South Korean music distributor Kakao Entertainment Corp. and global music streaming giant Spotify Technology SA said Thursday they have reached an agreement on global music licensing after the two companies failed to renew an existing deal last month, resulting in a partial K-pop blackout. The new deal comes [...]
SEOUL, March 5 (Korea Bizwire) — Last weekend, global K-pop fans on Spotify faced a blackout of hundreds of songs by popular artists, including Zico, Mamamoo and IU, after the Swedish audio giant’s licensing agreement with South Korea’s top music distributor Kakao M Corp. came to an end. While some music has since been restored [...]
SEOUL, March 4 (Korea Bizwire) — Samsung Electronics Co. on Thursday announced it has signed a partnership with local artificial intelligence (AI) solutions provider Kakao Enterprise Corp. to boost its smart home business. Under the deal, Samsung’s smart devices and home appliances will be compatible with the Kakao i AI platform from Kakao Enterprise, an [...]
SEOUL, Feb. 9 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Tuesday it shifted to the black in 2020 on the back of robust growth of its e-commerce services based on its messenger platform amid the pandemic. Net profit reached 167.1 billion won (US$149.2 million) last year on [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea said Tuesday it has teamed up with the mobile giant Kakao Corp. to provide local consumers with information on restaurants that have strictly followed sanitary guidelines to prevent the spread of the new coronavirus. The service offers locations of restaurants that have employees wear protective masks at [...]
SEOUL, Jan. 21 (Korea Bizwire) — The sense of crisis felt by South Korea’s general insurance companies is growing as internet giant Kakao Corp. is pushing to establish the nation’s third digital general insurance company. Against this backdrop, existing insurance companies are accelerating efforts to speed up their digitalization. Hanwha General Insurance Co. introduced the [...]
SEOUL, Jan. 18 (Korea Bizwire) — People will now be able to gain easy access to information about the national licenses they have acquired via Naver App or KakaoTalk. Naver Corp. and Kakao Corp., the two major South Korean tech companies, signed an agreement with the Ministry of Employment and Labor to develop a new [...]
SEOUL, Jan. 14 (Korea Bizwire) — Kakao Makers, an order-based production platform under Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, announced Wednesday a new eco-friendly project called ‘Prime People’ to promote plastic recycling. Plastics are separated by their material and type before they are recycled, and small-sized plastics like bottle caps [...]
SEOUL, Dec. 28 (Korea Bizwire) — Park Seon-ho, a 29-year-old local office worker, decided to spend the end of the year with high school friends exchanging ‘useless’ gifts. “Last year, I got a pair of socks with Donald Trump’s face on it, with a slogan that said ‘Make America Great Again.’ It was absolutely shocking,” [...]
SEOUL, Dec. 25 (Korea Bizwire) — Taxi drivers across the country are being tasked with helping to track down criminal suspects and missing people. Kakao Mobility, the operator of South Korea’s largest taxi-hailing app Kakao T, is scheduled to sign a memorandum of understanding with the National Police Agency (NPA) early next year to cooperate [...]