SEOUL, Sept. 7 (Korea Bizwire) — South Korean internet giant Kakao Corp. said Monday it will establish a data center in a city south of Seoul in an industrial-educational cooperation project. Under a deal with Hanyang University and the Gyeonggi provincial government, the data center will be built on the university’s campus in Ansan, some [...]
SEOUL, Aug. 7 (Korea Bizwire) — Kakao Corp., operator of South Korea’s largest messenger app, KakaoTalk, plans to introduce a new food delivery service, raising worries over the impact it may bring to the country’s delivery industry. NowBusking, a Korean startup that Kakao has made a significant investment in purchasing 26 percent of its shares, [...]
SEOUL, Aug. 6 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its second-quarter net profit jumped nearly five times from a year earlier on the back of robust growth of its e-commerce and contents services based on its messenger platform. Net profit reached 145.2 billion won (US$122.2 [...]
SEOUL, Aug. 4 (Korea Bizwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, have an unrivaled presence here but often face criticism that their platforms are limited to the domestic market. This criticism, however, is becoming increasingly misguided since Naver and Kakao’s [...]
SEOUL, July 11 (Korea BIzwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, are forecast to report stronger-than-expected earnings for the second quarter amid the coronavirus pandemic, industry reports showed Saturday. The operating profit of Kakao is likely to soar by 136 [...]
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 [...]