Kakao

Toss, Korea’s top payment app, raises $40M from Sequoia China and Singapore’s GIC

The largest payment app in South Korea, Toss, has pulled in $40 million in fresh investment from Singapore sovereign wealth fund GIC and Sequoia China. The deal for Viva Republica, Toss’s parent

Korean internet giant Kakao is launching a blockchain company

Kakao, the Korean internet firm that operates the country’s largest messaging app, is moving deeper into crypto after it revealed plans to launch a blockchain-focused business unit. A Kakao repr

Skelter Labs raises $9M to help put Korea on the global AI map

China and the U.S. are the two countries most closely associated with artificial intelligence technology, but a startup in Korea is out to add its nation to the mix after it raised more than $9 millio

Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a ran

Korea’s Kakao eyes overseas acquisitions following $1 billion raise

Korea’s Kakao, the internet giant behind the country’s top messaging app, is actively seeking overseas investment opportunities after it raised $1 billion via a placement. Kakao is valued

Kakao is putting speech recognition tech into cars from Hyundai and Kia

Less than a month after announcing plans to spin out its transportation and mobility business, Korean tech firm Kakao has inked deals to put hands-free systems inside cars from Korea’s second la

Crunch Report | Facebook Helps You Find Wi-Fi

Today’s Stories Facebook is rolling out its ‘Find Wi-Fi’ feature worldwide Delivery Hero’s valuation surpasses $5B following successful IPO Chat app Kakao raises $437M for its Korean ride-

Chat app Kakao raises $437M for its Korean ride-hailing service

Korea’s Kakao, the country’s top mobile messenger company with some 50 million monthly users, has continued to diversify its business with a move to spin-out the unit managing its mobilit

Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant

Podotree, Korean chat app Kakao’s content business, raises $107M at a $428M valuation

Kakao, the Korean mobile and web giant, is beefing up its social media and content businesses after its Podotree affiliate raised 125 billion won (around $107 million). The deal values it at 500 billi

Chat App Kakao Buys Majority Stake In Korea’s Top Online Music Service For $1.5B

Kakao, South Korea's dominant mobile messaging app that merged with Internet company Daum in a $3 billion deal in 2014, is pinning its international expansion hopes on music after it announced plans t

Uber Black Relaunches In Korea After Overcoming Regulatory Hurdles

There's good news for Uber in Korea, where it has reopened its Uber Black private car service in the country after nearly a year of uncertainty.

Chat App Kakao Talk Begins Offering Opt-In Encryption Following Recent Privacy Storm

Daum Kakao, the newly merged Korean entity behind Kakao Talk, has introduced a new end-to-end encryption feature on the chat following controversy around user data in recent months.

KakaoTalk Launches Its First Desktop Client For Mac

KakaoTalk has launched its first desktop client for Mac, which is currently available in Korean and English. The release, which can potentially help South Korea's top messaging service score more user

Kakao And Daum To Merge, Creating One Of South Korea’s Largest Internet Companies

Kakao and Daum announced today that they will merge through an equity swap, creating a company with a 3.4 trillion won (about $2.9 billion) market capitalization. Kakao and Daum stand to become one of

Korean Messaging Service Kakao Gets Ready For A $2 Billion IPO

Korean messaging leader Kakao is negotiating with Morgan Stanley and Samsung Securities Co. to file for an IPO in Korea, according to the WSJ. The seven-year-old company is mostly known for its domina