Kakao

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

    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 South Korea’s largest Internet companies and will be better positioned to compete against Naver, South Korea’s largest Internet portal and the maker of KakaoTalk competitor Line. Read More

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

    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 dominant messaging app, KakaoTalk. 133 million people are using the app. It is also the primary platform for mobile games. KakaoTalk is the undisputable winner in South Korea. But with a population of… Read More