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Majority of S. Koreans Back Kakao’s Carpool: Poll

Majority of S. Koreans Back Kakao’s Carpool: Poll

SEOUL, Oct. 22 (Korea Bizwire) — More than half of South Koreans back the planned launch of Kakao Corp.’s carpool service, which sparked angry protests from the taxi industry, a survey showed Monday. In a survey conducted by Realmeter with 500 adults across the country Friday, 56 percent of the respondents said they agree with [...]

Taxi Drivers Ready to Wage War over Kakao’s Carpooling App

Taxi Drivers Ready to Wage War over Kakao’s Carpooling App

SEOUL, Oct. 18 (Korea Bizwire) — The upcoming launch of a carpooling service by Internet giant Kakao has sparked taxi drivers to consider taking drastic measures, including a strike, as the conflict continues to escalate. The carpooling service currently permitted by the government is validated by a clause in the transportation law that allows exceptions [...]

Kakao Mobility Joins Hands with JapanTaxi

Kakao Mobility Joins Hands with JapanTaxi

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 [...]

Kakao Joins Hands with YG Entertainment for Japan ‘Webtoon’ Market

Kakao Joins Hands with YG Entertainment for Japan ‘Webtoon’ Market

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 [...]

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 [...]