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Kakao is feeling the heat following massive service outage
South Korea’s Kakao suffered a massive outage over the weekend, triggering a sharp political backlash and calls for increased scrutiny on its market dominance. Read more…
Kakao
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Kakao car-sharing service tries to placate protesting taxi drivers
South Korea’s Kakao Mobility said it would re-enter talks over its proposed car-sharing service with open mind, and would even consider abandoning the idea. Read more…
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Kakao Corp reportedly plans to establish blockchain unit
SEOUL (Reuters) – Kakao Corp, South Korea’s largest messaging app operator, said on Monday it is planning to establish a unit focusing on blockchain technology. Plans for the unit, set to be established this month, Read more…
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Kakao plans US/Japan content shopping spree for 2018
SINGAPORE (Reuters) – South Korean messaging app service provider Kakao Corp is aiming to acquire global content providers in Japan and the United States after successfully raising $1 billion from foreign investors, a senior company Read more…
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Ant Financial’s global push continues with $200m investment in Kakao Pay
SHANGHAI (Reuters) – China’s Ant Financial will invest $200 million in Kakao Pay, the mobile payment subsidiary of South Korean messaging platform giant Kakao, extending a major push by the Chinese firm to create a Read more…