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First female CEO takes helm at Kakao

Korean IT giant Kakao on Thursday appointed Chung Shin-a as its first female, chief while it is facing urgent challenges in revamping its corporate culture and management. The announcement was made as she gained a nod from shareholders during the annual meeting and a separate approval from the board of directors earlier in the day at the company’s headquarters in Jeju Island. After being named as the CEO nomine...

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Kakao to drive growth with AI-powered chat app in 2024

'We are experimenting with the integration of KakaoTalk and AI so that all people can experience AI in their daily lives,” Kakao CEO Hong Eun-taek told investors during a 2023 fourth-quarter conference call. “Last December, we launched features such as summarizing unread messages and changing the tone of messages in chat rooms based on a lightweight language model developed by Kakao Brain, and 1.5 million people experienced it in just a month.”

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Kakao posts record annual sales of W8.1tr in 2023

Kakao said Thursday it logged all-time high annual sales in 2023 due to increased profitability from its mobile messenger, KakaoTalk. The IT giant reported 8.11 trillion won ($6.08 billion) in sales last year, up 14.1 percent from a year earlier. It marks the first time for the company surpassing the 8 trillion won mark in annual sales. Annual net profit, however, fell 13.5 percent on-year to 501.9 billion won and it...

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Kakao Mobility's Bid to Acquire FreeNow Hits a Snag, Deal Talks Halted

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Kakao's overseas expansion drive falters again

The overseas growth drive of Kakao Corp. is sputtering, hindered by repeated failures of its subsidiaries to ink acquisition deals with industry leaders in the U.S. and Europe, according to market watchers, Wednesday.

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[KH Explains] Kakao's 'Beyond Korea' strategy hits snag

[KH Explains] Kakao's 'Beyond Korea' strategy hits snag
koreaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreaherald.com Daily Mail and Mail on Sunday newspapers.

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Kakao Pay, Siebert agree to terminate acquisition deal

Siebert Financial Corp. a New York Stock Exchange-listed investment consultancy, and Kakao Pay, the payment subsidiary of Kakao Corp., announced Wednesday that they agreed to terminate the previously announced stock purchase agreement.

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Kakao's labor union calls for heads of entertainment unit to resign over stock manipulation allegations

The labor union of Kakao, Korea's top messenger operator, on Monday called for the heads of the company's entertainment unit to step down, as Kakao Entertainment is mired in allegations of stock price fixing.

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Kakao Mobility Announces Cheaper Membership Category for Taxi Drivers amid Monopoly Criticism

Kakao Mobility Announces Cheaper Membership Category for Taxi Drivers amid Monopoly Criticism
koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.

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Kakao names new chief in push for radical reform

Kakao said Wednesday it had nominated a new chief executive as part of the company's comprehensive reform efforts amid ongoing internal and external conflicts. The company's CEO candidate recommendation committee earlier in the day named Chung Shin-a, head of Kakao Ventures, Kakao’s venture capital unit, as the sole candidate for the role. Kakao praised Chung’s expertise and experience in the IT...

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