SEOUL, Sept. 6 (Korea Bizwire) — Kakao Mobility, a South Korean firm that provides ride-hailing and driver-for-hire services, said Thursday that it has invested 1.5 billion yen (US$13.4 million) for a 3.4 percent stake in Japan’s largest taxi-hailing service, JapanTaxi Co., in a move to expand its services beyond the home market. The two firms [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s top mobile messenger operator Kakao Corp. said Wednesday it will adopt an “unsend” feature that allows users to delete missent messages on its Kakao app. Kakao recently made the decision to allow for “unsending a message” within a certain window before the message is read by the [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s top mobile messenger operator Kakao Corp. said Tuesday that it will expand investment in an artificial intelligence (AI) sector in line with the company’s effort to find a new growth engine. “Kakao adopted AI to spearhead long term and stable growth in various services,” Kim Byung-han, an [...]
SEOUL, Jul. 30 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger, KakaoTalk, has joined forces with major talent agency YG Entertainment Inc. to tap deeper into the online comic market in Japan, industry sources said Monday. Although the two firms have not signed official tie-up deals, the collaboration is drawing [...]
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 [...]
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 [...]
SEOUL, May 11 (Korea Bizwire) — South Korea’s top mobile messenger operator, Kakao Corp., said Friday it has installed artificial intelligence-recommended content on the first page of a portal website under its wing. Kakao, which controls Daum, the country’s No. 2 portal, said the recommendations tab was installed on the home page of Daum’s mobile [...]
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 [...]
SEOUL, April 11 (Korea Bizwire) — Kakao Investment, an investment firm under South Korea’s top mobile messenger operator Kakao Corp., said Wednesday it bought shares worth 3.4 billion won (US$3.18 million) in U.S. ride-hailing service provider Lyft. Following the move, Kakao holds 82,755 shares, or a 0.03 percent stake in the U.S. company. Lyft provides [...]
SEOUL, March 14 (Korea Bizwire) — Speaking at the Seoul Plaza Hotel on March 13, Kakao Mobility CEO Jeong Joo-hwan said the Kakao subsidiary would introduce new features to Kakao T, its taxi-hailing app with 18 million users, that would make hailing a cab quicker in exchange for a commission fee. The two features planned [...]