SEOUL, Jul. 5 (Korea Bizwire) — A recent survey by KaKao, the operator of the nation’s largest music streaming service, Melon, found that subscribers to the service used the “music recommendation function” 28 percent more often on rainy days than on sunny ones. The recommendations are based on the weather conditions of the day. Especially [...]
SEOUL, Jun. 19 (Korea Bizwire) — Kakao Corp., best known for its ubiquitous smartphone messaging app, is expanding its recent venture into the food delivery service. Having initiated delivery service for select franchise stores as a third-party in March of last year, Kakao has announced that it is expanding its delivery service to include all [...]
SEOUL, May 11 (Korea Bizwire) — South Korea’s top mobile messenger operator, Kakao Corp., said Friday it has installed artificial intelligence-recommended content on the first page of a portal website under its wing. Kakao, which controls Daum, the country’s No. 2 portal, said the recommendations tab was installed on the home page of Daum’s mobile [...]
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, April 11 (Korea Bizwire) — Kakao Investment, an investment firm under South Korea’s top mobile messenger operator Kakao Corp., said Wednesday it bought shares worth 3.4 billion won (US$3.18 million) in U.S. ride-hailing service provider Lyft. Following the move, Kakao holds 82,755 shares, or a 0.03 percent stake in the U.S. company. Lyft provides [...]
SEOUL, March 14 (Korea Bizwire) — Speaking at the Seoul Plaza Hotel on March 13, Kakao Mobility CEO Jeong Joo-hwan said the Kakao subsidiary would introduce new features to Kakao T, its taxi-hailing app with 18 million users, that would make hailing a cab quicker in exchange for a commission fee. The two features planned [...]
SEOUL, Feb. 7 (Korea Bizwire) — Kakao Games Corp. unveiled a new golf booking service on Wednesday to provide various services to customers through an artificial intelligence (AI) algorithm. The game affiliate under Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said the AI system is designed to provide optimal information for [...]
SEOUL, Jan. 31 (Korea Bizwire) — Kakao has become the first South Korean AI developer to establish ethics guidelines concerning artificial intelligence technology. The South Korean IT giant on Wednesday announced the release of the Kakao Algorithm Ethics Charter, which includes a set of rules concerning discrimination against social groups and ethical data collection and transparency [...]
SEOUL, Jan. 19 (Korea Bizwire) – Mergers and acquisitions are heating up in South Korea’s information technology industry this year. With the Fourth Industrial Revolution on the horizon, IT industry leaders like Kakao and SKT are poised to expand their presence by merging with companies in the content industry. According to industry sources, Kakao recently issued [...]
SEOUL, Dec. 22 (Korea Bizwire) – Kakao released on December 22 a list of the most searched keywords from January through November on its Daum portal in the categories of news, personalities and media. In news, “19th election”, “Park Geun-hye impeachment”, “Kim Joo-hyuk death”, “Pohang earthquake” and “cryptocurrency” were the most searched in order from [...]