SEOUL, July 6 (Korea Bizwire) – Kakao Pay, a mobile payment platform operated by South Korean IT behemoth Kakao Corp., will be introducing a more customer-friendly policy in the event of identity theft, which is on the rise as consumer payment patterns shift online. According to sources knowledgeable with the company, Kakao Pay will offer [...]
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, March 16 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger, KakaoTalk, on Friday named Yeo Min-soo and Joh Su-yong as its new co-CEOs. Kakao’s former CEO, Rim Ji-hoon will now act as the company’s advisor for future strategy, the company said in a press release. The decision was made at a board of directors’ [...]
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 [...]
SEOUL, Jan. 22 (Korea Bizwire) — The amount of stock sales through block deals on South Korean bourses increased sharply in 2017 from a year earlier, the Korea Exchange (KRX) said Monday. The amount surged to 55.9 trillion won (US$52.3 billion) on the KOSPI main bourse last year, up 37 percent from the previous year. [...]
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” [...]
SEOUL, Dec. 15 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Friday it will raise US$1 billion by selling shares to overseas investors, which will be used for merger and acquisition projects. Kakao Corp. said its board of directors approved the plan to raise the cash by issuing global depository receipts [...]
SEOUL, Jul. 26 (Korea Bizwire) — Kakao Corp’s money transfer service KakaoPay is growing rapidly, with over 80 billion won transferred through the service in July alone. KakaoPay is a service that allows users of the KakaoTalk messenger to transfer money to each other via messages in the form of Kakao money, the platform’s own [...]
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 [...]
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 [...]