Kakao Pay M
Scope
Date
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K-pop
Spotify, Kakao settle licensing dispute; K-pop returns to platform
Spotify Technology S.A., the world's largest music streaming service, has reached a licensing agreement with Kakao Entertainment Corp., to make musi...
Mar 11, 2021 (Gmt+09:00)
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Future mobility
Kakao forays into pet taxi service; buys Pet Me Up
South Korea-based Kakao Mobility Corp., a subsidiary of mobile giant Kakao Corp., has acquired the country's leading pet taxi service, Pet Me Up, in...
Mar 09, 2021 (Gmt+09:00)
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Korean stock market
Kakao to split stock 5-for-1 after share price hits record high
Kakao Corp. will split its stock on a five-for-one basis in April, which the South Korean mobile messaging app giant said would make the stock more ...
Feb 26, 2021 (Gmt+09:00)
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IPOs
Kakao's edtech startup eyes 2022 listing
South Korea-based edtech startup Yanadoo is the latest affiliate of Kakao Corp., the country's largest messaging app operator, to prepare for an ini...
Feb 22, 2021 (Gmt+09:00)
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Pre-IPOs
Carlyle seals $200 mn investment in Kakao Mobility
The Carlyle Group has agreed to buy $200 million worth of new shares in Kakao Mobility Corp. as a pre-IPO investment in the transportation arm of So...
Feb 18, 2021 (Gmt+09:00)
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Earnings
Kakao hits all-time earnings high; tops $3.5 bn in revenue
South Korea-based mobile platform giant Kakao Corp. has posted an all-time earnings high for last year, thanks to robust growth of its core operatio...
Feb 09, 2021 (Gmt+09:00)
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Earnings
Kakao hits all-time high on earnings; tops $3.5 bn in revenue
South Korea-based mobile platform giant Kakao Corp. has reported an all-time high on last year's earnings, thanks to its core operations posting rob...
Feb 09, 2021 (Gmt+09:00)
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Wealth donations
Kakao founder commits to donate over half his wealth
To leave the world a little bit better – a line from the American poet Ralph Waldo Emerson’s poem What is Success and the status message...
Feb 08, 2021 (Gmt+09:00)
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Business & Politics
Samsung on lookout for M&As; auto chipmakers among prime targets
Samsung Electronics Co., sitting on a cash pile of more than 100 trillion won ($90 billion), is actively pursuing mergers and acquisitions, with som...
Jan 31, 2021 (Gmt+09:00)
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Pre-IPOs
Google to invest $270 mn in Kakao Mobility with Carlyle
Google Inc. is planning to invest around $270 million in Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kaka...
Jan 29, 2021 (Gmt+09:00)
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Business & Politics
Samsung says fully ready for M&As; silent on US foundry plant
Samsung Electronics Co. is well-geared up to chase M&A deals and expand its facilities over the next three years to make full use of its cash ho...
Jan 28, 2021 (Gmt+09:00)
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Shareholder value
Samsung to pay record dividends, more through 2023; Q4 profit jumps
Samsung Electronics Co. has announced that it will pay record-high dividends to its shareholders this year and raise dividends further in coming yea...
Jan 28, 2021 (Gmt+09:00)
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COVID-19
Samsung Biologics’ focused approach pays off in 2020
Samsung Biologics Co. delivered forecast-beating earnings this week, with its sales topping 1 trillion won ($905 million) for the first time in its ...
Jan 27, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Affiliates merge to become Kakao Entertainment; aim global
South Korea’s leading mobile app operator Kakao Corp.’s affiliates are set to merge to become a new entity, Kakao Entertainment, heraldi...
Jan 25, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Seoul to lower bar for M&As; easing rules over PEF deals
South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to en...
Jan 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo
Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillio...
Jan 18, 2021 (Gmt+09:00)
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Artificial intelligence
Kakao Enterprise exceeds $920 mn in enterprise value
South Korea-based Kakao Enterprise has topped 1 trillion won ($921.5 million) in enterprise value, just a year after its inception in 2019, follow...
Jan 06, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean companies sit on record dry powder, may open M&A floodgates
South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A)...
Jan 04, 2021 (Gmt+09:00)
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Kakao, NCSoft likely to lead record-breaking earnings in 2021
South Korea’s mobile platform giant Kakao Corp. and game developer NCSoft Corp. are looking to post their best-ever earnings for a second stra...
Jan 03, 2021 (Gmt+09:00)
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Rights offerings
Kakao Bank wraps up $921 mn rights offering
South Korea's mobile-only bank has wrapped up its $920.5 million rights offering, placing the enterprise value at around 9.3 trillion won ($8.6 ...
Dec 30, 2020 (Gmt+09:00)
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League table
Credit Suisse retains top spot in Korea’s M&A advisory league
Credit Suisse has maintained its top position on South Korea’s M&A advisory league table in 2020, working on most of the high-profile deal...
Dec 30, 2020 (Gmt+09:00)
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Korean games
Kakao Games injects $173mn into S.Korean game company
Kakao Games Corp. has injected around 190 billion won ($173 million) into South Korean game company Neptune Corp., pouring in nearly half the proc...
Dec 18, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Kakao Page to merge with Kakao M ahead of 2021 IPO
South Korea's largest mobile app operator Kakao Corp. is working to merge its content platform affiliates, a strategic move that should boost the en...
Dec 03, 2020 (Gmt+09:00)
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Joint Ventures
Kakao, Tencent join forces to tackle Chinese market
South Korea’s leading platform giant Kakao Corp. has joined hands with China’s tech giant Tencent Holdings Ltd. to tap into the Chinese ...
Dec 01, 2020 (Gmt+09:00)
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Webtoons
Naver, Kakao wrestle for crown in webtoon market
South Korea’s leading webtoon (digital comics) platforms are wrestling to secure the No. 1 position in the global market as they work to tak...
Nov 30, 2020 (Gmt+09:00)
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Private equity
PEFs gaining clout in Korea’s broader M&A sectors
Private equity firms have been leading South Korea’s mergers and acquisitions markets in a broader range of sectors in recent years, represent...
Nov 30, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Naver, Kakao unsettled by Google's in-app payment policy
Global tech giant Google’s in-app payment policy has been coolly received by South Korea’s leading platform companies, fueling criticism...
Nov 25, 2020 (Gmt+09:00)
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Future mobility
Kakao, Google in talks over mobility partnerships
Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kakao Corp., is in talks with global IT giant Google over pot...
Nov 22, 2020 (Gmt+09:00)
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Webtoons
Kakao webtoon platform Piccoma becomes No.1 grossing app worldwide
Kakao Corp., South Korea's platform giant, announced on Nov. 9 that its webtoon (digital comics) platform Piccoma has become the No. 1 grossing mobile...
Nov 09, 2020 (Gmt+09:00)
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Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
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