SEOUL, Feb. 8 (Korea Bizwire) — Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., said Wednesday it swung to the red last year due to increased spending involving its investment in a local game developer. Kakao Games logged a net loss of 164.2 billion won (US$130.6 million) on a consolidated [...]
SEOUL, Sept. 26 (Korea Bizwire) — Kakao Games Corp. has been sued by South Korean players of “Uma Musume Pretty Derby,” a popular Japanese-developed mobile game, with hundreds of users demanding refunds of their in-game microtransactions over the company’s purportedly neglectful management of Korean users. Kim Sung-soo, a user representing 201 players of the game, [...]
SEOUL, Sept. 7 (Korea Bizwire) — Kakao Games Corp. has been caught up in a storm of user complaints over questionable management of the South Korean version of Japanese mobile title “Uma Musume Pretty Derby,” with many gamers threatening to sue the company over purported neglect of Korean users when compared with Japanese players. First [...]
SEOUL, Aug. 3 (Korea Bizwire) — Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., said Wednesday its second-quarter net profit skyrocketed over 165 times from a year earlier thanks to the success of its blockbuster mobile title “Odin Valhalla Rising” and “Uma Musume Pretty Derby,” its latest Japanese licensed game [...]
SEOUL, May 3 (Korea Bizwire) — Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., reported Tuesday its first-quarter net profit rose 54.2 percent on-year to 28.3 billion won (US$22.3 million) thanks to the popularity of its mobile title “Odin Valhalla Rising” and improved cost management. Operating profit spiked 169.7 percent [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean game developer Kakao Games Corp. said Wednesday it has invested US$20 million in U.S.-based independent game developer Frost Giant Studios in line with its efforts to increase its global profile. The game affiliate under Kakao Corp., which operates South Korea’s most-used mobile messenger KakaoTalk, said it made [...]
SEOUL, Sept. 10 (Korea Bizwire) — Kakao Games, the game developing unit of South Korean mobile giant Kakao, made a strong market debut Thursday, finishing at more than double the initial public offering (IPO) price. Kakao Games closed at 62,400 won (US$53), rising by a daily permissible limit of 30 percent, sharply up from the [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korean gaming company Kakao Games Corp. set a record subscription rate and deposits for new shares from retail investors Wednesday, heralding the country’s most popular initial public offering (IPO). Three IPO managers said Kakao Games shares were oversubscribed by 1,524.85 times by general investors as of 4 p.m., [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korean gaming company Kakao Games Corp. said Wednesday it will go public next month to become a global leading game producer. The game affiliate under Kakao Corp., which operates the country’s most-used mobile messenger KakaoTalk, plans to issue 16 million new common shares at a price range of [...]
SEOUL, March 8 (Korea Bizwire) — In an industry where the average age falls somewhere around 33, and 30 percent are women, leading gaming companies are taking strides to foster a more family friendly workplace. Those in the industry point out that Nexon has since last year been carrying out a “Happy Mom” in-house policy, [...]