SEOUL, May 23 (Korea Bizwire) – The privacy watchdog fined Kakao Corp., the operator of South Korea’s dominant mobile messenger, 15.1 billion won (US$11 million) Thursday for the leak of about 65,000 users’ personal data, the highest penalty ever imposed on a domestic firm. The Personal Information Protection Commission (PIPC) approved the fine during its [...]
SEOUL, May 22 (Korea Bizwire) — A group of South Korean and global tech companies adopted a joint pledge on Wednesday, vowing to responsibly develop and use artificial intelligence (AI) and to address social challenges with the technology. The Seoul AI Business Pledge was announced by 14 companies, including Korea’s Samsung Electronics Co., Naver Corp., [...]
SEOUL, Apr. 17 (Korea Bizwire) – As the new Korean Baseball Organization (KBO) season kicks off, baseball enthusiasts are flocking to interest-based chat services operated by Naver and Kakao, South Korea’s leading internet companies. According to industry sources, Naver’s open chat service, Open Talk (Naver Talk), now features dedicated chat rooms for each of the KBO’s [...]
SEOUL, Apr. 12 (Korea Bizwire) — Kakao Corp. said Friday it has joined a global consortium that promotes open-source artificial intelligence (AI) research and development, becoming the first South Korean corporate member of the initiative. Kakao said it is the first South Korean firm to join the AI Alliance led by global tech giants IBM [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean tech giant Kakao Corp. said Friday it has developed a multimodal large language model (MLLM) named Honeybee in a bid to expand its presence in the artificial intelligence market. During an AI strategy meeting hosted by the Ministry of Science and ICT, Kakao’s CEO nominee Chung Shin-a [...]
SEOUL, Nov. 3 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger, said Friday it will establish an independent organization to strengthen its ethics management system amid public criticism over stock manipulation allegations involving its executives. The external body, planned for launch later this year, will be dedicated to creating and [...]
SEOUL, Oct. 26 (Korea Bizwire) — The financial regulator said Thursday it has sent Kakao Corp., its entertainment subsidiary and three senior executives to prosecutors over alleged stock price manipulation in connection with a takeover bid. Kim Beom-su, founder of the social media giant Kakao, was not included in the list, according to the Financial [...]
SEOUL, Oct. 19 (Korea Bizwire) — The chief investment officer of Kakao Corp. was arrested Thursday on suspected stock manipulation in connection with the tech giant’s acquisition of SM Entertainment. The Seoul Southern District Court issued an arrest warrant for the Kakao executive, Bae Jae-hyun, citing concerns about the possible destruction of evidence and flight [...]
SEOUL, Aug. 3 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger, on Thursday said its second-quarter net profit dropped due to increased costs and investments. Its net profit reached 56.3 billion won (US$43.3 million) in the April-June period, down 44 percent from a year earlier, the company said in a [...]
SEOUL, July 27 (Korea Bizwire) — The labor union of Kakao Corp. is seeking group action after the South Korean tech giant’s subsidiaries recently carried out voluntary retirement and restructuring. The Korean Confederation of Trade Unions’ Kakao Branch on Wednesday staged a protest in front of the Kakao headquarters in Seongnam, Gyeonggi Province, attended by [...]