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 [...]
SEOUL, June 28 (Korea Bizwire) – Kakao Corp, the South Korean internet giant, is planning on taking legal action against other chauffeur services, as drivers for the company’s popular “KakaoDriver” service have been victimized by improper conduct on the part of their rivals. Kakao announced on Monday, June 27, that it would file for an injunction [...]
SEOUL, Jun. 21 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday its mobile payment platform Kakao Pay currently has more than 10 million users, roughly 19 months after its launch in the country. Introduced in September 2014 and similar to the world-famous PayPal, users pre-register their credit and debit cards, [...]
SEOUL, June 16 (Korea Bizwire) – Kakao Corp. will launch a new service called ‘Kakao Game AD+’ next month that should increase the profitability of its game services partners, according to a report released on Thursday, June 15. Unlike existing free-to-play mobile games that contribute to most of a company’s profit in a mobile game service, [...]
SEJONG, April 4 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, has been included on the antitrust watch list as a large business group, with its mutual investments and loan guarantees to be restricted, the watchdog said Sunday. The Fair Trade Commission (FTC) announces a newly updated list of large [...]
SEOUL, March 31 (Korea Bizwire) – KakaoTaxi, which is the currently the most popular online to offline (O2O) service, announced that it had reached 100 million accumulated calls as parent company Kakao Corp. celebrated the service’s first anniversary. More than 210,000 drivers and 8.6 million passengers are currently signed up as members of the service, and [...]