SEOUL, Oct. 7 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. has decided to comply with prosecutors’ requests for access to online conversations, company officials said Wednesday, sparking fresh concerns over the breach of user privacy. The decision came about one year after Kakao, which runs the nation’s No. 1 mobile chat [...]
SEOUL, Sept. 23 (Korea Bizwire) — Daum Kakao, the operator of South Korea’s most popular mobile messenger KakaoTalk, renamed itself and appointed a new chief executive officer on Wednesday, marking a turning point almost a year after its merger. At an emergency meeting, shareholders approved plans to rename itself Kakao and appoint nominee Rim Ji-hoon [...]
SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s leading online shopping site Interpark said Wednesday it has joined forces with the nation’s top mobile carrier and several other firms to win regulatory approval for running an Internet-only bank. Interpark said its consortium includes SK Telecom, the state-run Industrial Bank of Korea, GS Home Shopping and four [...]
SEOUL, July 31 (Korea Bizwire) – With rapid growth in the character business that features collaborations between the emojis of mobile messengers like KakaoTalk of DaumKakao and Line of Naver, the two largest IT companies in Korea are enjoying the effect of killing two birds with one stone. As the “Kakao Friends” and “Line Friends” emojis raise [...]
SEOUL, July 31 (Korea Bizwire) – Naver, South Korea’s top Internet portal operator, rolled out a real-time video streaming app on Friday that features behind-the-scenes stories of popular K-pop artists, as it seeks to expand its global presence with the new mobile media platform. Dubbed V, the app is designed to provide footage of top Korean singers [...]
SEJONG, May 24 (Korea Bizwire) — South Korea plans to push for financial deregulation to make it easier for people to transfer money across borders without going through banks, the government said Sunday. The move aims to allow securities firms, insurers and most importantly FinTech companies to handle transfers that can help lower fees and [...]
SEOUL, May 22 (Korea Bizwire) — As local banks suffer from reduced net interest margins, they are looking to reduce operational costs to overcome their difficulties. KB Kookmin Bank is urging its employees to report their business activities verbally or via email, not through color prints or full color Powerpoint charts to save costs on printer toner [...]
SEOUL, May 20 (Korea Bizwire) — For Yang Jun-mo, a 26-year-old graduate student in Seoul, visiting a neighborhood convenience store for light snacks is a daily routine. But every time, there is one thing that grabs his attention: his favorite brands of bread come with collectible stickers of emojis from free mobile messenger KakaoTalk. “It kind [...]
SEOUL, May 14 (Korea Bizwire) — South Korea has trumped other major countries in terms of mobile application (app) usage, with smartphone owners in the country spending most of their time on social messengers, a report showed Thursday. The index gauging the mobile data usage by South Korean smartphone users reached 125 in the first [...]
SEOUL, April 22 (Korea Bizwire) — Daum Kakao, which operates South Korea’s top mobile messenger KakaoTalk, said Wednesday it is “considering” taking over U.S.-based messenger service Path, although no details have been decided. “It is true that our working-level team has reviewed the plan (to take over Path),” an official from Daum Kakao said. “However, [...]