SEOUL, Jan. 19 (Korea Bizwire) — Naver, South Korea’s leading internet platform company, is expected to surpass 10 trillion won ($7.6 billion) in annual revenue for 2024, setting a new record. According to financial projections compiled by Yonhap Infomax, Naver’s revenue for last year is estimated to have grown by 10.15% to reach 10.65 trillion won, [...]
SEOUL, Nov. 11 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s dominant mobile messenger, has filed an administrative lawsuit against a government fine of15.1 billion won (US$11 million) over the leaking of personal information on a large scale, according to sources Monday. The Personal Information Protection Commission, the government’s personal information watchdog, ordered [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korean tech giant Kakao announced on October 23 that it is taking aggressive steps to integrate artificial intelligence into its workforce operations, signaling a major shift in how one of Asia’s leading technology companies approaches AI adoption. Speaking at the company’s annual developer conference “if kakao AI 2024″ at [...]
SEOUL, Sept. 24 (Korea Bizwire) – In a bid to promote low-carbon travel and stimulate regional economies, tech giant Kakao announced on September 23 the launch of its “Around Korea Challenge” (unofficial translation) campaign. The initiative coincides with the completion of the Korea Trail, an ambitious project connecting the entire perimeter of the Korean Peninsula. The [...]
SEOUL, July 25 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s dominant mobile messenger, said Thursday it has decided to form an emergency management system to address the vacancy left by its founder, Kim Beom-su, following his recent arrest. Under the new system, CEO Chung Shin-a will serve as the acting chief of [...]
SEOUL, Jul. 23 (Korea Bizwire) — The founder of South Korean tech giant Kakao Corp. was arrested Tuesday on charges of stock price manipulation related to the firm’s takeover of K-pop powerhouse SM Entertainment last year, prosecutors said. The Seoul Southern District Court issued an arrest warrant for Kim Beom-su after holding a hearing, which [...]
SEOUL, Jul. 22 (Korea Bizwire) — Kim Beom-su, the founder of Kakao Corp., was to attend a court hearing Monday on an arrest warrant requested for him over alleged stock price manipulation related to the firm’s takeover of K-pop powerhouse SM Entertainment last year. The Seoul Southern District Court was scheduled to hold a hearing [...]
SEOUL, Jul. 17 (Korea Bizwire) — Prosecutors have sought a warrant to arrest Kim Beom-su, the founder of tech giant Kakao Corp., over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year, officials said Wednesday. The Seoul Southern District Prosecutors Office filed for the warrant, the officials said, [...]
SEOUL, Jul. 9 (Korea Bizwire) — Kim Beom-su, the founder of tech giant Kakao Corp., appeared before prosecutors on Tuesday for questioning over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year. Kim presented himself for questioning at the Seoul Southern District Prosecutors Office regarding his alleged involvement [...]
ANSAN, South Korea, June 12 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger, has unveiled its first independent data center as part of its effort to improve service stability following a massive service disruption in 2022. “A data center is a core asset for Kakao, crucial for the stable operation [...]