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 [...]
SEOUL, Dec. 3 (Korea Bizwire) — Foreign investors’ love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country’s most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fintech-related businesses, [...]
SEOUL, Oct. 28 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Monday that it has agreed to a share swap deal with the country’s largest messenger operator, Kakao Corp., in a move to strengthen their competitiveness. Under the agreement, SK Telecom and Kakao will exchange about 300 billion won (US$258 million) [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean IT giant Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, has recently taken over two local movie studios to make inroads into the filmmaking industry. Last week, Kakao M Corp., an entertainment unit of Kakao, said that it has secured a majority share in [...]
SEOUL, Sept. 12 (Korea Bizwire) — KakaoPage, a webtoon and Internet social media platform operated by Kakao Corp., will hold a contest in the young adult genre in collaboration with Changbi Publishers, a major South Korean publishing house. Young adult novels refer to novels about the main character’s growth, such as hardships, trials, adventures, and [...]
SEOUL, Jul. 31 (Korea Bizwire) — The Internet insurance market is heating up as Naver, Korea’s largest Internet portal operator, recently announced its plan to jump into the financial industry. South Korea’s top internet portal operator Naver Corp., which has established a separate subsidiary that specializes in providing financial services, aims to provide various financial [...]
SEOUL, Apr. 16 (Korea Bizwire) — South Korean IT giant Kakao Corp. said Tuesday that it has joined hands with what3words Ltd. to insert the London-based startup’s innovative geo-coding system into its mapping service, Kakao map. Kakao started its mapping service early this month by adopting the British startup’s technology. What3words launched the service that [...]
SEOUL, Mar. 20 (Korea Bizwire) — Tago Solutions, a local taxi franchise, said Wednesday that it has joined hands with tech giant Kakao Corp. to launch a new cab-hailing platform that guarantees rides. The new service, Waygo Blue, is designed to keep drivers from refusing riders who are traveling short distances, as the customer’s destination [...]
SEOUL, Mar. 19 (Korea Bizwire) — Hyundai Motor Co. announced on Monday that it would include a voice-recognition interactive personal assistant service on the new Sonata, which will be released on Thursday, using Kakao’s artificial intelligence (AI) platform called ‘Kakao i.’ Hyundai and Kakao have been carrying out a joint project to use a variety [...]