SEOUL, Jan. 25 (Korea Bizwire) – Local tech giant Kakao gave a little peak at the future of its flagship messenger Kakao Talk, suggesting that it will incorporate artificial intelligence to serve as a personal assistant. “Kakao Talk will resemble a personal assistant who understands the user best and can assist in every endeavor,” wrote [...]
SEOUL, Jan. 6 (Korea Bizwire) – Local tech giant Kakao is set to provide preventive measures against purchases of mobile content – namely emoticons on its messaging app Kakao Talk – using low-value currencies. According to the company, emoticon purchases using Egyptian Pounds soared last year following the sudden plummet in the currency’s value, allowing [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korea’s financial authorities on Wednesday approved a plan to establish the country’s first online-only bank, opening a new chapter in its banking history. It would mark the first time here in 24 years for a brand-new bank to be born, according to the Financial Services Commission (FSC). The [...]
SEOUL, Nov. 16 (Korea Bizwire) – “There are many ‘touchpoints’ in the Kakao platform, and all of (our users’) life moments can be turned into a marketing opportunity,” said Kakao CEO Jimmy Lim, during Tuesday’s Business Conference held in Seoul with advertisers. The conference was arranged to declare Kakao’s newfound commitment to improving its disappointing [...]
SEOUL, Sept. 30 (Korea Bizwire) – South Korea’s financial regulatory body said Friday it will soon decide whether to issue a permit for the nation’s first online-only bank. Two consortiums, one led by KT Corp. and the other by Kakao Corp., are preparing to enter the banking sector with their technical expertise. KT’s consortium submitted [...]
SEOUL, Aug. 4 (Korea Bizwire) – Silicon Valley is well known for fighting against government surveillance to protect its users. But what steps are Korean IT companies taking to safeguard their customers? Naver and Daum are Korea’s leading web portals, claiming approximately 75 percent and 15 percent the market, respectively, while Kakao is Korea’s dominant [...]
SEOUL, July 12 (Korea Bizwire) – KaKao Corp., the operator of South Korea’s top mobile messenger, rolled out a salon-booking application on Tuesday as part of its expansion into various online and offline services. Kakao Hairshop currently partners with 1,500 hair salons across the country and plans to add 2,500 more shops by the end [...]
SEOUL, June 30 (Korea Bizwire) – Kakao Corp, the Korean IT giant, is making a foray into agricultural products. Followed by the recent launches of public transportation apps KakaoBus and KakaoMetro, and KakaoGame S, the company’s mobile publishing business, Kakao revealed Wednesday that it would launch KakaoFarmer Jeju, an online-to-offline (O2O) service for agricultural products. [...]
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, 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, [...]