Kakao Corp. Archives | Be Korea-savvy
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 [...]

Kakao’s ‘Paid Hailing Service’ Draws Mixed Reviews

Kakao’s ‘Paid Hailing Service’ Draws Mixed Reviews

SEOUL, Mar. 14 (Korea Bizwire) — Kakao Taxi’s plans to charge users fees for quicker cab bookings have drawn mixed reviews. The new service, which will see the taxi hailing app dispatch drivers to users who pay an additional fee first, was announced by Kakao Corp. during a press conference  on Tuesday. The announcement came amid growing [...]

Mega-hit Game ‘PlayerUnknown’s Battlegrounds’ Lands in S. Korea

Mega-hit Game ‘PlayerUnknown’s Battlegrounds’ Lands in S. Korea

SEOUL, Dec. 21 (Korea Bizwire) – The mega-hit computer game “PlayerUnknown’s Battlegrounds” was officially launched in South Korea on Thursday. The multiplayer online battle video game is available to local users through a platform provided by Kakao Games, the game unit under Kakao Corp., which operates South Korea’s most-used mobile messenger Kakao Talk. “PlayerUnknown’s Battlegrounds” [...]

Kakao Collaborates with Hyundai, Kia to Develop AI Tech

Kakao Collaborates with Hyundai, Kia to Develop AI Tech

SEOUL, July 24 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday it has joined forces with the country’s leading automaker Hyundai Motor Co. and its sister company Kia Motors Corp. to develop Artificial Intelligence (AI) technology. Under the agreement, the automakers will implement server-based speech recognition technology into the Genesis [...]

Kakao’s Internet Bank to Get Final Approval on April 5

Kakao’s Internet Bank to Get Final Approval on April 5

SEOUL, March 30 (Korea Bizwire) – The Internet bank of Kakao Corp., South Korea’s dominant chat app, is expected to win a final regulatory approval early next month, an industry source said Thursday, clearing the final hurdle for Kakao to launch the nation’s second Internet bank.  The Financial Services Commission (FSC) will hold a meeting [...]

Internet Banks to Offer New Kinds of “Interest”

Internet Banks to Offer New Kinds of “Interest”

SEOUL, July 7 (Korea Bizwire) – “What is the use of interest rates if they are already too low? Aren’t you tired of entering long account numbers every time you transfer money?” Kakao Bank, an Internet-only bank, held a presentation to discuss its business model and the future of its services on Wednesday, July 6, at [...]