SEOUL, March. 11 (Korea Bizwire) — Shares in South Korean tech giants Kakao Corp. and Naver Corp. jumped on Thursday amid expectations that the new government would ease platform regulations. The stock price of Naver rose by 8.54 percent from the previous trading day to 330,500 won, while that of Kakao jumped by 8.58 percent [...]
SEOUL, Feb. 24 (Korea Bizwire) — The nominee for new CEO of Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, vowed on Thursday to boost the company’s stock price back to over 150,000 won (US$125) within his term following a sharp plunge amid a series of mishaps. Namkoong Whon was named to [...]
SEOUL, Feb. 24 (Korea Bizwire) — Kakao Mobility Corp.’s taxi-hailing service is selective in choosing passengers depending on their destinations, the Seoul metropolitan government said Wednesday. The city government carried out a fact-finding ‘mystery shopper’ test during the period from October to November last year after complaints poured in from citizens having difficulty calling taxis, [...]
SEOUL, Feb. 11 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Friday that its net profit for 2021 surged nearly tenfold on-year on the back of robust growth of its e-commerce services based on its messenger platform amid the pandemic. Net profit reached 1.64 trillion won (US$1.4 billion) [...]
SEOUL, Jan. 19 (Korea Bizwire) — The local market for middle-mile delivery, a business-to-business (B2B) logistics that delivers goods from factories to logistics warehouses or sales outlets by truck, is emerging as a new battleground for mobility platforms. T Map Mobility, a mobility unit under telecom operator SK Telecom Co., acquired a 100 percent stake [...]
SEOUL, Jan. 10 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Monday its nominee for a new co-CEO, Ryu Young-joon, has offered to resign over controversial stock selloffs. Ryu, who has served as the chief of Kakao’s payment arm, Kakao Pay, was named to lead the tech giant [...]
SEOUL, Dec. 27 (Korea Bizwire) — Kim Beom-su, the founder of South Korean internet giant Kakao Corp., and members of his family were accused by a civic group Monday of a massive tax evasion in a past corporate merger process. Spec Watch Korea lodged the accusation against Kim and his family members, including his brother-in-law, [...]
SEOUL, Dec. 17 (Korea Bizwire) — Kakao Brain, the artificial intelligence (AI) research subsidiary of South Korean internet giant Kakao Corp., is making inroads into the global market for AI in drug discovery. The company said Thursday that it had invested 5 billion won (US$4.21 million) in AI-based drug design platform startup Galux and established [...]
SEOUL, Dec. 14 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Monday that it released an emoticon (give-ticon) based on the motions of sign language, and the sales proceeds will be donated to activities related to hearing impaired people. Give-ticons are a mobile sponsorship product in which Kakao [...]
SEOUL, Dec. 1 (Korea Bizwire) — Kakao Corp. will acquire a majority stake of live commerce startup firm Grip Co., according to sources Wednesday. The South Korean tech giant plans to acquire a 48 percent stake of the company for 180 billon won (US$152.5 million), sources familiar with the deal said. Established in 2018, the [...]